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The Revised EBA-Lite Methodology

The Revised EBA-Lite Methodology »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

DOI: http://dx.doi.org/10.5089/9781498324373.007

ISBN: 9781498324373

Keywords: National income, External sector, Economic growth, Public sector investments, Credit, public health expenditure, WEO, health expenditure, Eba, desirable level

The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balan...

The Revised EBA-Lite Methodology

The Revised EBA-Lite Methodology »

Source: The Revised EBA-Lite Methodology

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

ISBN: 9781498324373

Keywords: National income, External sector, Economic growth, Public sector investments, Credit, public health expenditure, WEO, health expenditure, Eba, desirable level

The Methodology review identified three broad areas for improving the EBA-Lite methodology: (1) expanding the fundamentals and policy determinants in the CA and REER regressions to better capture the external balan...

Rethinking Fiscal Policy in Oil-Exporting Countries

Rethinking Fiscal Policy in Oil-Exporting Countries »

Volume/Issue: 2019/108

Series: IMF Working Papers

Author(s): Tokhir Mirzoev , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2019

DOI: http://dx.doi.org/10.5089/9781498314749.001

ISBN: 9781498314749

Keywords: Consumption, Public investments, Poverty, Capital, Real interest rates, Fiscal policy, oil exporters, permanent income hypothesis, fiscal rules, PIH

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or...

Rethinking Fiscal Policy in Oil-Exporting Countries1

Rethinking Fiscal Policy in Oil-Exporting Countries1 »

Source: Rethinking Fiscal Policy in Oil-Exporting Countries

Volume/Issue: 2019/108

Series: IMF Working Papers

Author(s): Tokhir Mirzoev , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2019

ISBN: 9781498314749

Keywords: Consumption, Public investments, Poverty, Capital, Real interest rates, Fiscal policy, oil exporters, permanent income hypothesis, fiscal rules, PIH

We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece-the permanent income hypothesis (PIH)-is not consistent with either intergenerational equity or...

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates »

Source: Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Volume/Issue: 2019/89

Series: IMF Working Papers

Author(s): David Coady , Ian Parry , Nghia-Piotr Le , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

ISBN: 9781484393178

Keywords: Gasoline prices, Consumer subsidies, Sustainable development, Energy prices, Fossil fuels, energy subsidies, efficient taxation, revenue, environment, deadweight loss

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue consi...

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates »

Volume/Issue: 2019/89

Series: IMF Working Papers

Author(s): David Coady , Ian Parry , Nghia-Piotr Le , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 May 2019

DOI: http://dx.doi.org/10.5089/9781484393178.001

ISBN: 9781484393178

Keywords: Gasoline prices, Consumer subsidies, Sustainable development, Energy prices, Fossil fuels, energy subsidies, efficient taxation, revenue, environment, deadweight loss

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue consi...

IMF Executive Board Reviews Fiscal Policies for Paris Climate Strategies

IMF Executive Board Reviews Fiscal Policies for Paris Climate Strategies »

Source: Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Fiscal Policies for Paris Climate Strategies-from Principle to Practice »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

DOI: http://dx.doi.org/10.5089/9781498311717.007

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

IMF Policy Paper: Fiscal Policies for Paris Climate Strategies—from Principle to Practice

IMF Policy Paper: Fiscal Policies for Paris Climate Strategies—from Principle to Practice »

Source: Fiscal Policies for Paris Climate Strategies-from Principle to Practice

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2019

ISBN: 9781498311717

Keywords: Fiscal policy, Climate policy, Paris Club, Greenhouse emissions, Sustainable development, National budgets, Climatic changes, Debt sustainability, climate mitigation, Paris Agreement

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options...

Nonlinearity Between the Shadow Economy and Level of Development

Nonlinearity Between the Shadow Economy and Level of Development »

Volume/Issue: 2019/48

Series: IMF Working Papers

Author(s): Dong Frank Wu , and Friedrich Schneider

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781484399613.001

ISBN: 9781484399613

Keywords: Shadow economy, National income, Social safety nets, Labor market flexibility, Economic growth, institutional factor, non-institutional, regression, long-run, country group

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our r...