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World Economic Outlook, October 2018

Challenges to Steady Growth

Global growth for 2018-19 is projected to remain steady at its 2017 level, but its pace is less vigorous than projected in April and has become less balanced.

World Economic Outlook, October 2018

Challenges to Steady Growth

Global growth for 2018-19 is projected to remain steady at its 2017 level, but its pace is less vigorous than projected in April and has become less balanced.

Cash Use Across Countries and the Demand for Central Bank Digital Currency

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Cash Use Across Countries and the Demand for Central Bank Digital Currency »

Volume/Issue: 2019/46

Series: IMF Working Papers

Author(s): Tanai Khiaonarong , and David Humphrey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

DOI: http://dx.doi.org/10.5089/9781484399606.001

ISBN: 9781484399606

Keywords: cash use, cash forecasting, central bank digital currency

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC...

Cash Use Across Countries and the Demand for Central Bank Digital Currency

New
Cash Use Across Countries and the Demand for Central Bank Digital Currency »

Source: Cash Use Across Countries and the Demand for Central Bank Digital Currency

Volume/Issue: 2019/46

Series: IMF Working Papers

Author(s): Tanai Khiaonarong , and David Humphrey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2019

ISBN: 9781484399606

Keywords: cash use, cash forecasting, central bank digital currency

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC...

Nonlinearity Between the Shadow Economy and Level of Development

New
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, Level of Development, Nonlinearity, GDP per capita

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...

Nonlinearity Between the Shadow Economy and Level of Development

New
Nonlinearity Between the Shadow Economy and Level of Development »

Source: 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

ISBN: 9781484399613

Keywords: Shadow Economy, Level of Development, Nonlinearity, GDP per capita

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...

Sovereigns and Financial Intermediaries Spillovers

New
Sovereigns and Financial Intermediaries Spillovers »

Volume/Issue: 2019/43

Series: IMF Working Papers

Author(s): Hamid Tabarraei , Abdelaziz Rouabah , and Olivier Pierrard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2019

DOI: http://dx.doi.org/10.5089/9781498300704.001

ISBN: 9781498300704

Keywords: Sovereign risk, Contagion, Interbank market

We examine the spillover effects between sovereigns and banks in a model with a heterogeneous banking system. An increase in sovereign's default risk affects financial intermediaries through two channels in this mo...

Sovereigns and Financial Intermediaries Spillovers

New
Sovereigns and Financial Intermediaries Spillovers »

Source: Sovereigns and Financial Intermediaries Spillovers

Volume/Issue: 2019/43

Series: IMF Working Papers

Author(s): Hamid Tabarraei , Abdelaziz Rouabah , and Olivier Pierrard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2019

ISBN: 9781498300704

Keywords: Sovereign risk, Contagion, Interbank market

We examine the spillover effects between sovereigns and banks in a model with a heterogeneous banking system. An increase in sovereign's default risk affects financial intermediaries through two channels in this mo...

Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey

New
Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey »

Volume/Issue: 2019/40

Series: IMF Working Papers

Author(s): Ippei Shibata

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2019

DOI: http://dx.doi.org/10.5089/9781498300452.001

ISBN: 9781498300452

Keywords: Gross Worker Flows, Current Population Survey, Classification Errors, Unemployment

Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Cu...

Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey

New
Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey »

Source: Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey

Volume/Issue: 2019/40

Series: IMF Working Papers

Author(s): Ippei Shibata

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2019

ISBN: 9781498300452

Keywords: Gross Worker Flows, Current Population Survey, Classification Errors, Unemployment

Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Cu...

Improving the Efficiency and Equity of Public Education Spending: The Case of Moldova

New
Improving the Efficiency and Equity of Public Education Spending: The Case of Moldova »

Volume/Issue: 2019/42

Series: IMF Working Papers

Author(s): Hui Jin , La-Bhus Fah Jirasavetakul , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2019

DOI: http://dx.doi.org/10.5089/9781484390023.001

ISBN: 9781484390023

Keywords: public education spending; spending efficiency; inequality; education reform

This paper, using Moldova as an example, presents a systematic approach to assess the efficiency and equity of public education spending, identify sources of inefficiencies and inequality, and formulate potential r...

Improving the Efficiency and Equity of Public Education Spending: The Case of Moldova

New
Improving the Efficiency and Equity of Public Education Spending: The Case of Moldova »

Source: Improving the Efficiency and Equity of Public Education Spending: The Case of Moldova

Volume/Issue: 2019/42

Series: IMF Working Papers

Author(s): Hui Jin , La-Bhus Fah Jirasavetakul , and Baoping Shang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2019

ISBN: 9781484390023

Keywords: public education spending; spending efficiency; inequality; education reform

This paper, using Moldova as an example, presents a systematic approach to assess the efficiency and equity of public education spending, identify sources of inefficiencies and inequality, and formulate potential r...