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Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

New

Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

New

Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

New

Nigeria: Selected Issues »

Source: Nigeria : Selected Issues

Volume/Issue: 2021/034

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2021

ISBN: 9781513568461

Keywords: Oil prices, Currencies, Health care spending, Debt sustainability, Services sector, ISCR, CR, revenue administration authority, CBN's interest rate reference, reinvigorating revenue administration

Selected Issues...

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs »

Source: Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

Volume/Issue: 2021/010

Series: IMF Working Papers

Author(s): Zefeng Chen , Sanaa Nadeem , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566832

Keywords: Income inequality, Foreign direct investment, Capital flows, Remittances, Income, Financial statements, Exchange rates, Foreign assets, Real exchange rates, Foreign exchange

In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler a...

Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries »

Source: Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries

Volume/Issue: 2021/009

Series: IMF Working Papers

Author(s): Sebastian Beer , and Dan Devlin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566801

Keywords: Corporate income tax, Tax avoidance, Transfer pricing rules, Mining sector, Natural resources, International Corporate Taxation, Multinational Firms, Mining, Petroleum, Profit Shifting

Profit shifting remains a key concern in international tax system debate, but discussions are largely based on aggregate estimates, with less attention paid to individual sectors. Drawing on a novel dataset, we qua...

IMF Executive Board Concludes 2020 Article IV Consultation with the People’s Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People’s Republic of China: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the People’S Republic of China »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

People’s Republic of China: Staff Report for the 2020 Article IV Consultation— Informational Annex »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

Some Alternative Monetary Facts »

Source: Some Alternative Monetary Facts

Volume/Issue: 2021/006

Series: IMF Working Papers

Author(s): Peter Stella , Manmohan Singh , and Apoorv Bhargava

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566429

Keywords: Monetary base, Monetary aggregates, Inflation, Currencies, Demand for money, money aggregates, monetary financing, central bank balance sheet, WP, bank reserves

In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that previous naïve co...

Statement by Jin Zhongxia, Executive Director for People’s Republic of China, Zhengxin Zhang, Alternate Executive Director, and Yun Liu, Senior Advisor to Executive Director December 17, 2020 »

Source: People's Republic of China : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China

Volume/Issue: 2021/006

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566184

Keywords: Credit, COVID-19 , Public debt, Fiscal policy, Social assistance spending, ISCR, CR, government-managed funds, core inflation, financial support

The Chinese economy continues its fast recovery from the health and economic crisis as a strong containment effort and macroeconomic and financial policy support have mitigated the crisis impact and helped the econ...

IMF Executive Board Completes Third Review Under the Policy Coordination Instrument (PCI) for Rwanda »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Rwanda: Third Review Under the Policy Coordination Instrument—Debt Sustainability Analysis »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Rwanda: Third Review Under the Policy Coordination Instrument—Press Release; Staff Report; and Statements by the Executive Director and Staff Representative for Rwanda »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Statement by the Executive Director, Mr. Aivo Andrianarivelo, the Senior Advisor of the Executive Director, Mr. Marcellin Koffi Alle, and the Advisor of the Executive Director, Ms. Loy Nankunda, on Rwanda December 16, 2020 »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Statement by the Staff Representative on Rwanda Executive Board Meeting December 16, 2020 »

Source: Rwanda : Third Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director and Staff Representative for Rwanda

Volume/Issue: 2021/001

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 January 2021

ISBN: 9781513565927

Keywords: Public debt, COVID-19 , Debt sustainability analysis, Fiscal risks, External debt, ISCR, CR, IT system, assessment of a reform target, staff appraisal

The COVID-19 pandemic is having an adverse impact on Rwanda's economy, despite a sizeable policy response. Output in 2020 is projected to contract by 0.2 percent, compared to an 8 percent increase expected pre-pand...

Public Debt Dynamics and Intra-Year Exchange Rate Fluctuations »

Source: Public Debt Dynamics and Intra-Year Exchange Rate Fluctuations

Volume/Issue: 2020/261

Series: IMF Working Papers

Author(s): Santiago Acosta Ormaechea

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

ISBN: 9781513561585

Keywords: Exchange rates, Public debt, Fiscal stance, Asset valuation, Currencies, Public debt dynamics, intra-year exchange rate fluctuations, interest rate-growth differential, debt stabilizing primary balance., WP

The public sector, in carrying out its operations, often incurs foreign currency denominated liabilities and, as such, is exposed to exchange rate fluctuations that could affect the value of public debt to GDP rati...

A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia1 »

Source: A Simple Macrofiscal Model for Policy Analysis: An Application to Cambodia

Volume/Issue: 2020/202

Series: IMF Working Papers

Author(s): Daniel Baksa , Ales Bulir , and Dyna Heng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2020

ISBN: 9781513556857

Keywords: Real exchange rates, Exchange rates, Real interest rates, Return on investment, Output gap, WP, tag0, inline-graphic tag0, mi, nominal exchange rate

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Cambodia and we demonstrate its application with an illustrative sce...

Monetary Policy Under an Exchange Rate Anchor »

Source: Monetary Policy Under an Exchange Rate Anchor

Volume/Issue: 2020/180

Series: IMF Working Papers

Author(s): Mariam El Hamiani Khatat , Mark Buessings-Loercks , and Vincent Fleuriet

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 September 2020

ISBN: 9781513556383

Keywords: monetary policy framework, exchange rate regime, interest rate parity, monetary policy rules, monetary operations, foreign exchange interventions

This paper argues that there is scope for monetary policy under an exchange rate anchor, and discusses the related monetary policy design and implementation. It shows that the exchange rate can be used as the main...

Privacy Provision, Payment Latency, and Role of Collateral »

Source: Privacy Provision, Payment Latency, and Role of Collateral

Volume/Issue: 2020/148

Series: IMF Working Papers

Author(s): Charles Kahn , Caitlin Long , and Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2020

ISBN: 9781513551944

Keywords: Financial crises, Central banks, Financial institutions, Financial systems, Central bank accounting, privacy provision, payment latency, collateral reuse, digitial tokens, WP

The new boundary between publicly and privately provided payments systems and the role of collateral may be changing. Recent technological developments have made it feasible for markets and policymakers to contempl...

IMF Executive Board Reviews the Fund’s Income Position for FY 2020 and FY 2021–2022 »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

IMF Policy Paper: Review of the Fund’s Income Position for FY 2020 And FY 2021–2022 »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

Public Debt and r - g at Risk* »

Source: Public Debt and r - g at Risk

Volume/Issue: 2020/137

Series: IMF Working Papers

Author(s): Weicheng Lian , Andrea Presbitero , and Ursula Wiriadinata

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513550794

Keywords: Interest rate increases, Negative interest rates, Public debt, Financial statistics, Interest rates, Interest rate-growth differential, Shocks, Fiscal policy, Foreign currency debt, WP

As interest rate-growth differentials (r-g) turned negative in many countries, governments consider pursuing fiscal expansion and the potential risks involved. Using a large sample of advanced and emerging economie...

Reading the Stars »

Source: Reading the Stars

Volume/Issue: 2020/136

Series: IMF Working Papers

Author(s): Peter Williams , Yasser Abdih , and Emanuel Kopp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513550916

Keywords: Economic stabilization, Financial crises, Economic analysis, Business cycles, Price indexes, Output gap, potential growth, neutral interest rate, factor models., WP

Following the global financial crisis, significant uncertainty has existed around the U.S. economy's steady state equilibrium. This paper uses a factor model to provide a new approach to estimating 'the stars' (i.e...

Review of the Fund’s Income Position for FY 2020 and FY 2021–2022―Supplementary Information »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

The Effectiveness of Borrower-Based Macroprudential Measures: A Quantitative Analysis for Slovakia »

Source: The Effectiveness of Borrower-Based Macroprudential Measures: A Quantitative Analysis for Slovakia

Volume/Issue: 2020/134

Series: IMF Working Papers

Author(s): Pavol Jur?a , Ján Klacso , Eugen Tereanu , Marco Forletta , and Marco Gross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550503

Keywords: Financial crises, Interest rates on loans, Macroprudential policies and financial stability, Interest rates, Cost of living, Borrower-based macroprudential policy, household micro data, macro-financial linkages, WP, PDs

We develop a semi-structural quantitative framework that combines micro and macroeconomic data to assess the effectiveness of combinations of borrower-based macroprudential measures in Slovakia. We expand on the in...

It is Only Natural: Europe's Low Interest Rates »

Source: It is Only Natural: Europe's Low Interest Rates

Volume/Issue: 2020/116

Series: IMF Working Papers

Author(s): Marco Arena , Gabriel Di Bella , Alfredo Cuevas , Borja Gracia , Vina Nguyen , and Alex Pienkowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2020

ISBN: 9781513549170

Keywords: Economic stabilization, Economic integration, Economic policy, Economic analysis, Financial crises, Natural interest rate, Neutral interest rate, monetary policy, debt sustainability, Bayesian estimation

Estimates of the natural interest rate are often useful in the analysis of monetary and other macroeconomic policies. The topic gathered much attention following the great financial crisis and the Euro Area debt cr...

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)? »

Source: Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?

Volume/Issue: 2020/106

Series: IMF Working Papers

Author(s): Katharina Bergant , Francesco Grigoli , Niels-Jakob Hansen , and Damiano Sandri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513547763

Keywords: Balance of payments, Financial crises, Monetary policy, Central banks, Interest rate policy, Macroprudential policies, capital controls., WP, capital control, VIX

We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to V...

Wealth Inequality and Private Savings: The Case of Germany »

Source: Wealth Inequality and Private Savings: The Case of Germany

Volume/Issue: 2020/107

Series: IMF Working Papers

Author(s): Mai Dao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513546063

Keywords: National income, Interest rates on deposits, Flow of funds, National accounts, Financial crises, Germany, wealth inequality, corporate saving, current account surplus., WP

This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital incom...

The Costs of Macroprudential Deleveraging in a Liquidity Trap* »

Source: The Costs of Macroprudential Deleveraging in a Liquidity Trap

Volume/Issue: 2020/89

Series: IMF Working Papers

Author(s): Jiaqian Chen , Daria Finocchiaro , Jesper Lindé , and Karl Walentin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546803

Keywords: Economic conditions, Financial crises, Economic policy, Price indexes, Real interest rates, Household debt, Zero lower bound, New Keynesian model, Collateral and borrowing constraints, Mortgage interest deductibility

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs...

Government Spending Effects in a Policy Constrained Environment »

Source: Government Spending Effects in a Policy Constrained Environment

Volume/Issue: 2020/91

Series: IMF Working Papers

Author(s): Ruoyun Mao , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2020

ISBN: 9781513546797

Keywords: Economic conditions, Financial crises, Real interest rates, Business cycles, Economic sectors, government spending effects, fiscal multiplier, regime-switching policy, monetary and fiscal policy interaction, nonlinear New Keynesian models

The theoretical literature generally finds that government spending multipliers are bigger than unity in a low interest rate environment. Using a fully nonlinear New Keynesian model, we show that such big multiplie...

Staff Operational Guidelines on Dissemination of Technical Assistance Information - June 2020 »

Source: Staff Operational Guidelines On Dissemination Of Technical Assistance Information

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;IMF Institute

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2020

ISBN: 9781513547008

Keywords: Nongovernmental organizations, Public sector, Private sector, Financial sector, Banks, PP, dissemination, transmittal, legitimate interest, new procedure

The Staff Operational Guidelines on Dissemination of Technical Assistance Information have been updated to reflect the authority reserved to Fund management and TA recipients to provide explicit consent for the dis...

Staff Operational Guidelines on Dissemination of Technical Assistance Information - March 18, 2020 »

Source: Staff Operational Guidelines On Dissemination Of Technical Assistance Information

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;IMF Institute

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2020

ISBN: 9781513547008

Keywords: Nongovernmental organizations, Public sector, Private sector, Financial sector, Banks, PP, dissemination, transmittal, legitimate interest, new procedure

The Staff Operational Guidelines on Dissemination of Technical Assistance Information have been updated to reflect the authority reserved to Fund management and TA recipients to provide explicit consent for the dis...

Synergies Between Monetary and Macroprudential Policies in Thailand »

Source: Synergies Between Monetary and Macroprudential Policies in Thailand

Volume/Issue: 2020/83

Series: IMF Working Papers

Author(s): Ichiro Fukunaga , and Manrique Saenz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2020

ISBN: 9781513537023

Keywords: Interest rate policy, Macroprudential policies and financial stability, Monetary authorities, Negative interest rates, Monetary policy, Macroprudential policies, Lean-against-the-wind monetary policy rule, Dynamic stochastic general equilibrium model, Thailand, WP

A dynamic stochastic general equilibrium (DSGE) model tailored to the Thai economy is used to explore the performance of alternative monetary and macroprudential policy rules when faced with shocks that directly im...

Republic of Uzbekistan: Technical Assistance Report-External Sector Statistics Mission (September 30-October 11, 2010) »

Source: Republic of Uzbekistan : Technical Assistance Report-External Sector Statistics Mission (September 30-October 11, 2010)

Volume/Issue: 192020/18

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 June 2020

Language: Russian

ISBN: 9781513546506

Keywords: Financial statistics, International investment position, Balance of payments, Financial management, Financial institutions, ISCR, CR, CBU, trade credit, IIP

At the request of the Republic of Uzbekistan authorities for technical assistance (TA) on external sector statistics (ESS), and with the support of the Middle East and Central Asia Department (MCD) of the Internati...

When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests* »

Source: When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests

Volume/Issue: 2020/72

Series: IMF Working Papers

Author(s): Mario Catalan , and Alexander Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513534916

Keywords: Financial crises, Bank credit, Interest rates on loans, Market interest rates, Interest rate differential, Stress tests, macroeconomic shocks, banking sector, modeling, WP

In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that propagate in the for...

Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies »

Source: Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

ISBN: 9781513545424

Keywords: Negative interest rates, Monetary policy, Central banks, Exchange policy, Central bank policy, PP, proposed action, IEO, spillover, playbook

This Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The actions in the plan and their ti...

Model-Based Globally-Consistent Risk Assessment1 »

Source: Model-Based Globally-Consistent Risk Assessment

Volume/Issue: 2020/64

Series: IMF Working Papers

Author(s): Michal Andrle , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

ISBN: 9781513536460

Keywords: Economic models, Economic policy, Business cycles, Monetary policy, Fiscal policy, DSGE models, predictive density, nonlinear, non-Gaussian, skew

This paper outlines an approach to assess uncertainty around a forecast baseline as well as the impact of alternative policy rules on macro variability. The approach allows for non-Gaussian shock distributions and...

Implementation Plan in Response to The Board-Endorsed Recommendations From The IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies »

Source: Implementation Plan in Response to The Board-Endorsed Recommendations From The IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

ISBN: 9781513542188

Keywords: Negative interest rates, Central banks, Monetary policy, Financial crises, Central bank policy, PP, proposed action, IEO, spillover, playbook

The Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity, and financial markets. The actions in this plan and their t...

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment* »

Source: Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment

Volume/Issue: 2020/53

Series: IMF Working Papers

Author(s): Ralph Chami , Thomas Cosimano , Celine Rochon , and Julieta Yung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513531861

Keywords: Interest rate increases, Discount rates, Risk premium, Financial markets, Financial instruments, Interest rate risk, non-linear stochastic discount factor, investment portfolio, term structure model, risk aversion distribution

Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a mar...

60 años de incertidumbre »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

60 ans d’incertitude »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Bajo la Lupa: Más Adultos »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Críticas de Libros »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Dar marcha atrás al declive demográfico »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Donde Brilla el Sol »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Economía en Regresión: Lecciones de Japón »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

El canto del cisne: del inmigrante »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

El Éxodo: de Europa oriental »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

En las Trincheras: Reconstruir Somalia »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

En Première Ligne: Une Somalie en reconstruction »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Enrayer le déclin démographique »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Envejecer sin Empobrecer »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Europe de l’Est : Exode vers l’Ouest »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Russian

ISBN: 9781513528922

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Arabic

ISBN: 9781513528861

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Finance & Development, March 2020 »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Chinese

ISBN: 9781513528892

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Génération Montante »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Gente del Mundo de la Economía: La Pensadora de las Pensiones »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Histoires D’Argent: Trésors nationaux »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Immigrés : le chant du cygne »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Juventud, Divino Tesoro »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: Spanish

ISBN: 9781513529028

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

L’Abc de L’Économie: Comment les taux d’intérêt peuvent-ils être négatifs ? »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

L’Économie Rétrécie: Leçons japonaises »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2020

Language: French

ISBN: 9781513528960

Keywords: Aging, Population and demographics, Migration, Health, Women, FD, F&D, country, shrinking population, tried-and-tested policy solution

Finance & Development...

Là Où: Le Soleil Brille »

Source: Finance & Development, March 2020

Volume/Issue: 0057/001

Series: Finance & Development

Author(s): International Monetary Fund. Communications Department