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The Case for Depositor Preference

The Case for Depositor Preference »

Source: The Case for Depositor Preference

Volume/Issue: 2020/002

Series: Technical Notes and Manuals

Author(s): Marc Dobler , Ender Emre , Alessandro Gullo , and Deeksha Kale

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2020

ISBN: 9781513557397

Keywords: Deposit insurance, Bank deposits, Bank resolution framework, Bank resolution, Financial sector stability, TNM, depositor preference, preference arrangement, deposit insurance limit, depositor confidence

This technical note and manual (TNM) addresses the following issues: advantages and disadvantages of different types of depositor preference, international best practice and experience in adopting depositor prefer...

The Case for Depositor Preference

The Case for Depositor Preference »

Volume/Issue: 2020/002

Series: Technical Notes and Manuals

Author(s): Marc Dobler , Ender Emre , Alessandro Gullo , and Deeksha Kale

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2020

DOI: http://dx.doi.org/10.5089/9781513557397.005

ISBN: 9781513557397

Keywords: Deposit insurance, Bank deposits, Bank resolution framework, Bank resolution, Financial sector stability, TNM, depositor preference, preference arrangement, deposit insurance limit, depositor confidence

This technical note and manual (TNM) addresses the following issues: advantages and disadvantages of different types of depositor preference, international best practice and experience in adopting depositor prefer...

IMF Executive Board Concludes 2020 Article IV Consultation with United Kingdom

IMF Executive Board Concludes 2020 Article IV Consultation with United Kingdom »

Source: United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

United Kingdom
			: 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom »

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

DOI: http://dx.doi.org/10.5089/9781513564777.002

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

Statement by Shona Riach, Executive Director for the United Kingdom, David Paul Ronicle, Alternate Executive Director and Tommy Chrimes, Advisor to the Executive Director December 16, 2020

Statement by Shona Riach, Executive Director for the United Kingdom, David Paul Ronicle, Alternate Executive Director and Tommy Chrimes, Advisor to the Executive Director December 16, 2020 »

Source: United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

United Kingdom: 2020 Article IV Consultation—Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

United Kingdom: 2020 Article IV Consultation—Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom »

Source: United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

United Kingdom: Staff Report for the 2020 Article IV Consultation—Informational Annex

United Kingdom: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

United Kingdom: Staff Report for the 2020 Article IV Consultation—Supplementary Information

United Kingdom: Staff Report for the 2020 Article IV Consultation—Supplementary Information »

Source: United Kingdom : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2020/320

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564777

Keywords: Labor, Public debt, Fiscal policy, Inflation, Expenditure, ISCR, CR, NI Protocol, draft UK, bank dividend payment

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth...

Reconsidering Climate Mitigation Policy in the UK

Reconsidering Climate Mitigation Policy in the UK »

Volume/Issue: 2020/268

Series: IMF Working Papers

Author(s): Nicolas Arregui , and Ian Parry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2020

DOI: http://dx.doi.org/10.5089/9781513561264.001

ISBN: 9781513561264

Keywords: Carbon tax, Greenhouse gas emissions, Public expenditure review, Transportation, Climate change, net-zero, UK climate mitigation, carbon pricing, feebate, international carbon price floor.

The UK has pledged to cut greenhouse gases 57 percent below 1990 levels by 2030, to be emisisons neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully...

Reconsidering Climate Mitigation Policy in the UK

Reconsidering Climate Mitigation Policy in the UK »

Source: Reconsidering Climate Mitigation Policy in the UK

Volume/Issue: 2020/268

Series: IMF Working Papers

Author(s): Nicolas Arregui , and Ian Parry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 December 2020

ISBN: 9781513561264

Keywords: Carbon tax, Greenhouse gas emissions, Public expenditure review, Transportation, Climate change, net-zero, UK climate mitigation, carbon pricing, feebate, international carbon price floor.

The UK has pledged to cut greenhouse gases 57 percent below 1990 levels by 2030, to be emisisons neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully...

Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash?

Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash? »

Source: Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash?

Volume/Issue: 2020/255

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

ISBN: 9781513560892

Keywords: Communicable diseases, Currencies, COVID-19 , Deposit rates, Ebola, Demand for cash, currency-in-circulation, digital money, infectious diseases, WP

The coronavirus pandemic is a global crisis like no other in modern times, and there is a growing apprehension about handling potentially contaminated cash. This paper is the first empirical attempt in the literatu...

Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash?

Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash? »

Volume/Issue: 2020/255

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2020

DOI: http://dx.doi.org/10.5089/9781513560892.001

ISBN: 9781513560892

Keywords: Communicable diseases, Currencies, COVID-19 , Deposit rates, Ebola, Demand for cash, currency-in-circulation, digital money, infectious diseases, WP

The coronavirus pandemic is a global crisis like no other in modern times, and there is a growing apprehension about handling potentially contaminated cash. This paper is the first empirical attempt in the literatu...

3. Corporate Liquidity and Solvency in Europe during the Coronavirus Disease Pandemic: The Role of Policies

3. Corporate Liquidity and Solvency in Europe during the Coronavirus Disease Pandemic: The Role of Policies »

Source: Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

European firms are facing an unprecedented shock, but the policy response has also been unprecedented. This chapter seeks to quantify the potential impact of the coronavirus disease (COVID-19) c...

2. Europe’s Exit from Lockdowns: Early Lessons from the First Wave

2. Europe’s Exit from Lockdowns: Early Lessons from the First Wave »

Source: Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

Europe was among the regions most severely affected by corona virus (COVID-19) in the early months of 2020. Countries responded with stringent lockdown measures designed to reduce transmission a...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

The coronavirus disease (COVID-19) pandemic is exacting a severe social and economic toll on Europe. By mid-October 2020, more than 240,000 people have lost their lives in Europe, while nearly 7 million peop...

Regional Economic Outlook, October 2020, Europe
			: Whatever It Takes: Europe's Response to COVID-19

Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19 »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

DOI: http://dx.doi.org/10.5089/9781513558233.086

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

The COVID-19 pandemic has caused dramatic loss of human life and major damage to the European economy, but thanks to an exceptionally strong policy response, potentially devastating outcomes have been avoided....

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

The COVID-19 pandemic has caused dramatic loss of human life and major damage to the European economy, but thanks to an exceptionally strong policy response, potentially devastating outcomes have been avoided....

1. The Crucial Role of Policies in Cushioning the Pandemic’s Impact

1. The Crucial Role of Policies in Cushioning the Pandemic’s Impact »

Source: Regional Economic Outlook, October 2020, Europe : Whatever It Takes: Europe's Response to COVID-19

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2020

ISBN: 9781513558233

Keywords: COVID-19 , Monetary policy, Macroprudential policies and financial stability, Health, Regional Economic Outlook, Financial markets, Private sector, Crisis management, Crisis recovery and resolution planning, COVID-19

The coronavirus disease (COVID-19) pandemic has caused dramatic loss of life and major damage to the European economy, but thanks to an exceptionally strong policy response, more devastating out...

Catastrophe Containment and Relief Trust---Second Tranche of Debt Service Relief in the Context of the Covid-19 Pandemic

Catastrophe Containment and Relief Trust---Second Tranche of Debt Service Relief in the Context of the Covid-19 Pandemic »

Source: Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2020

ISBN: 9781513558691

Keywords: Debt relief, Debt service, COVID-19 , Debt financing, Health, PP, fig fig-type, tranche, SDR, CCRT debt service relief

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, gi...

Catastrophe Containment and Relief Trust—Second Tranche of Debt Service Relief in the Context of the COVID-19 Pandemic—Supplementary Information

Catastrophe Containment and Relief Trust—Second Tranche of Debt Service Relief in the Context of the COVID-19 Pandemic—Supplementary Information »

Source: Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2020

ISBN: 9781513558691

Keywords: Debt relief, Debt service, COVID-19 , Debt financing, Health, PP, fig fig-type, tranche, SDR, CCRT debt service relief

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, gi...

The IMF Executive Board Extends Immediate Debt Service Relief for 28 Eligible Low-Income Countries for Another Six Months

The IMF Executive Board Extends Immediate Debt Service Relief for 28 Eligible Low-Income Countries for Another Six Months »

Source: Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2020

ISBN: 9781513558691

Keywords: Debt relief, Debt service, COVID-19 , Debt financing, Health, PP, fig fig-type, tranche, SDR, CCRT debt service relief

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, gi...

Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

Catastrophe Containment and Relief Trust-Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2020

DOI: http://dx.doi.org/10.5089/9781513558691.007

ISBN: 9781513558691

Keywords: Debt relief, Debt service, COVID-19 , Debt financing, Health, PP, fig fig-type, tranche, SDR, CCRT debt service relief

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, gi...

Non-Financial Corporate Debt in Advanced Economies, 2010-17

Non-Financial Corporate Debt in Advanced Economies, 2010-17 »

Volume/Issue: 2020/120

Series: IMF Working Papers

Author(s): Luiza Antoun de Almeida , and Thierry Tressel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2020

DOI: http://dx.doi.org/10.5089/9781513549200.001

ISBN: 9781513549200

Keywords: Financial crises, Economic growth, Economic recovery, Capital markets, Sovereign debt, corporate debt, corporate vulnerability, bond issuance, macro-financial risks, firm-level data

This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond mark...

Non-Financial Corporate Debt in Advanced Economies, 2010-17

Non-Financial Corporate Debt in Advanced Economies, 2010-17 »

Source: Non-Financial Corporate Debt in Advanced Economies, 2010-17

Volume/Issue: 2020/120

Series: IMF Working Papers

Author(s): Luiza Antoun de Almeida , and Thierry Tressel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2020

ISBN: 9781513549200

Keywords: Financial crises, Economic growth, Economic recovery, Capital markets, Sovereign debt, corporate debt, corporate vulnerability, bond issuance, macro-financial risks, firm-level data

This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond mark...

The Promise of Fintech
			: Financial Inclusion in the Post COVID-19 Era

The Promise of Fintech : Financial Inclusion in the Post COVID-19 Era »

Volume/Issue: 2020/9

Series: Departmental Papers

Author(s): Ratna Sahay , Ulric Allmen , Amina Lahreche , Purva Khera , Sumiko Ogawa , Majid Bazarbash , and Kimberly Beaton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2020

DOI: http://dx.doi.org/10.5089/9781513512242.087

ISBN: 9781513512242

Keywords: Financial inclusion, Technological innovation, Financial services, Financial services industry, Contagious diseases, Financial crises, Financial institutions, Macroprudential policies and financial stability, COVID-19, Pandemic

Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the wor...

The Promise of Fintech

The Promise of Fintech »

Source: The Promise of Fintech : Financial Inclusion in the Post COVID-19 Era

Volume/Issue: 2020/9

Series: Departmental Papers

Author(s): Ratna Sahay , Ulric Allmen , Amina Lahreche , Purva Khera , Sumiko Ogawa , Majid Bazarbash , and Kimberly Beaton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2020

ISBN: 9781513512242

Keywords: Financial inclusion, Technological innovation, Financial services, Financial services industry, Contagious diseases, Financial crises, Financial institutions, Macroprudential policies and financial stability, COVID-19, Pandemic

Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the wor...

Measuring the Impact of a Failing Participant in Payment Systems

Measuring the Impact of a Failing Participant in Payment Systems »

Volume/Issue: 2020/81

Series: IMF Working Papers

Author(s): Ronald Heijmans , and Froukelien Wendt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2020

DOI: http://dx.doi.org/10.5089/9781513545080.001

ISBN: 9781513545080

Keywords: Systemically important financial institutions, Central banks, Central banking and monetary issues, Financial institutions, Macroprudential policies and financial stability, Financial market infrastructures, TARGET2, liquidity risk, systemic impact, oversight

Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the crit...

Measuring the Impact of a Failing Participant in Payment Systems

Measuring the Impact of a Failing Participant in Payment Systems »

Source: Measuring the Impact of a Failing Participant in Payment Systems

Volume/Issue: 2020/81

Series: IMF Working Papers

Author(s): Ronald Heijmans , and Froukelien Wendt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2020

ISBN: 9781513545080

Keywords: Systemically important financial institutions, Central banks, Central banking and monetary issues, Financial institutions, Macroprudential policies and financial stability, Financial market infrastructures, TARGET2, liquidity risk, systemic impact, oversight

Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the crit...

Hysteresis and Business Cycles

Hysteresis and Business Cycles »

Source: Hysteresis and Business Cycles

Volume/Issue: 2020/73

Series: IMF Working Papers

Author(s): Valerie Cerra , A. Fatas , and Sweta Saxena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

ISBN: 9781513536996

Keywords: Economic forecasting, Economic theory, Supply and demand, Business cycles, Economic policy, growth, hysteresis, economic model, macroeconomic policy, persistence

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the...

Hysteresis and Business Cycles

Hysteresis and Business Cycles »

Volume/Issue: 2020/73

Series: IMF Working Papers

Author(s): Valerie Cerra , A. Fatas , and Sweta Saxena

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 May 2020

DOI: http://dx.doi.org/10.5089/9781513536996.001

ISBN: 9781513536996

Keywords: Economic forecasting, Economic theory, Supply and demand, Business cycles, Economic policy, growth, hysteresis, economic model, macroeconomic policy, persistence

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the...

Measuring Economic Welfare: What and How?

Measuring Economic Welfare: What and How? »

Volume: 20

Series: Policy Papers

Author(s): Marshall Reinsdorf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2020

DOI: http://dx.doi.org/10.5089/9781513544588.007

ISBN: 9781513544588

Keywords: National accounts aggregates, Cost of living, Gross national product, National income, Price indexes, PP, deflator, economic welfare, digitalization, digital economy

Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement age...

Measuring Economic Welfare: What and How?

Measuring Economic Welfare: What and How? »

Source: Measuring Economic Welfare: What and How?

Volume: 20

Series: Policy Papers

Author(s): Marshall Reinsdorf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2020

ISBN: 9781513544588

Keywords: National accounts aggregates, Cost of living, Gross national product, National income, Price indexes, PP, deflator, economic welfare, digitalization, digital economy

Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement age...

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? »

Source: Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Volume/Issue: 2020/56

Series: IMF Working Papers

Author(s): Sakai Ando , and Mengxue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536323

Keywords: Foreign investment, International investment position, Balance of payments, Labor productivity, Job creation, FDI, Orbis, Ownership, WP, domestic firm

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic fi...

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets?

Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? »

Volume/Issue: 2020/56

Series: IMF Working Papers

Author(s): Sakai Ando , and Mengxue Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536323.001

ISBN: 9781513536323

Keywords: Foreign investment, International investment position, Balance of payments, Labor productivity, Job creation, FDI, Orbis, Ownership, WP, domestic firm

This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic fi...

Systemic Risk Modeling: How Theory Can Meet Statistics

Systemic Risk Modeling: How Theory Can Meet Statistics »

Volume/Issue: 2020/54

Series: IMF Working Papers

Author(s): Raphael Espinoza , Miguel Segoviano , and Ji Yan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536170.001

ISBN: 9781513536170

Keywords: Financial crises, Bank credit, Financial markets, Financial institutions, Macroprudential policies and financial stability, Systemic risk, Minsky effect, CIMDO, Default, WP

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models used to understand the channels of transmission of systemic risk. The theoretical model allows for...

Systemic Risk Modeling: How Theory Can Meet Statistics

Systemic Risk Modeling: How Theory Can Meet Statistics »

Source: Systemic Risk Modeling: How Theory Can Meet Statistics

Volume/Issue: 2020/54

Series: IMF Working Papers

Author(s): Raphael Espinoza , Miguel Segoviano , and Ji Yan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

ISBN: 9781513536170

Keywords: Financial crises, Bank credit, Financial markets, Financial institutions, Macroprudential policies and financial stability, Systemic risk, Minsky effect, CIMDO, Default, WP

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models used to understand the channels of transmission of systemic risk. The theoretical model allows for...

Measuring Output Gap: Is It Worth Your Time?

Measuring Output Gap: Is It Worth Your Time? »

Volume/Issue: 2020/24

Series: IMF Working Papers

Author(s): Jiaqian Chen , and Lucyna Gornicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

DOI: http://dx.doi.org/10.5089/9781513527864.001

ISBN: 9781513527864

Keywords: Potential output, Supply and demand, Economic theory, Real interest rates, Business cycles, output gaps, real time estimation, business cycles., WP, output gap

We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time proper...

Measuring Output Gap: Is It Worth Your Time?

Measuring Output Gap: Is It Worth Your Time? »

Source: Measuring Output Gap: Is It Worth Your Time?

Volume/Issue: 2020/24

Series: IMF Working Papers

Author(s): Jiaqian Chen , and Lucyna Gornicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

ISBN: 9781513527864

Keywords: Potential output, Supply and demand, Economic theory, Real interest rates, Business cycles, output gaps, real time estimation, business cycles., WP, output gap

We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time proper...

Stress Testing at the IMF

Stress Testing at the IMF »

Volume/Issue: 2020/4

Series: Departmental Papers / Policy Papers

Author(s): Tobias Adrian , James Morsink , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2020

DOI: http://dx.doi.org/10.5089/9781513520742.087

ISBN: 9781513520742

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial systems, Macro-financial analysis, DPPP, solvency, stress test, IMF, individual bank

This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a di...

Stress Testing at the IMF

Stress Testing at the IMF »

Source: Stress Testing at the IMF

Volume/Issue: 2020/4

Series: Departmental Papers / Policy Papers

Author(s): Tobias Adrian , James Morsink , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2020

ISBN: 9781513520742

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial systems, Macro-financial analysis, DPPP, solvency, stress test, IMF, individual bank

This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a di...

Repeated Use of IMF-Supported Programs: Determinants and Forecasting

Repeated Use of IMF-Supported Programs: Determinants and Forecasting »

Volume/Issue: 2019/245

Series: IMF Working Papers

Author(s): Martin Iseringhausen , Mwanza Nkusu , and Wellian Wiranto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

DOI: http://dx.doi.org/10.5089/9781513511689.001

ISBN: 9781513511689

Keywords: Nominal effective exchange rate, Economic policy, Economic theory, International reserves, Exchange rate regimes, IMF lending, Fund resources, GRA arrangements, WP, repeated use

This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. General...

Repeated Use of IMF-Supported Programs: Determinants and Forecasting

Repeated Use of IMF-Supported Programs: Determinants and Forecasting »

Source: Repeated Use of IMF-Supported Programs: Determinants and Forecasting

Volume/Issue: 2019/245

Series: IMF Working Papers

Author(s): Martin Iseringhausen , Mwanza Nkusu , and Wellian Wiranto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513511689

Keywords: Nominal effective exchange rate, Economic policy, Economic theory, International reserves, Exchange rate regimes, IMF lending, Fund resources, GRA arrangements, WP, repeated use

This paper studies the determinants of repeated use of Fund-supported programs in a large sample covering virtually all General Resources Account (GRA) arrangements that were approved between 1952 and 2012. General...

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers »

Source: Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers

Volume/Issue: 2019/223

Series: IMF Working Papers

Author(s): Sebastian Beer , Matthias Kasper , Erich Kirchler , and Brian Erard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513515373

Keywords: Tax revenue, Audit process, Tax auditing, Tax returns, Tax evasion, small business taxpayers, CIT audit, impact evaluation, WP, taxpayer

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future r...

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers

Do Audits Deter or Provoke Future Tax Noncompliance? Evidence on Self-employed Taxpayers »

Volume/Issue: 2019/223

Series: IMF Working Papers

Author(s): Sebastian Beer , Matthias Kasper , Erich Kirchler , and Brian Erard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513515373.001

ISBN: 9781513515373

Keywords: Tax revenue, Audit process, Tax auditing, Tax returns, Tax evasion, small business taxpayers, CIT audit, impact evaluation, WP, taxpayer

This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future r...

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom »

Volume/Issue: 2019/216

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Carlo Pizzinelli , and Jay Rappaport

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

DOI: http://dx.doi.org/10.5089/9781513515410.001

ISBN: 9781513515410

Keywords: Cost of living, Skilled labor, Labor markets, Unemployment, Real sector, Job polarization, Occupational choice, Inter-generational inequality, WP, lifetime earnings

This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find...

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom

Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom »

Source: Job Polarization and the Declining Fortunes of the Young: Evidence from the United Kingdom

Volume/Issue: 2019/216

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Carlo Pizzinelli , and Jay Rappaport

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513515410

Keywords: Cost of living, Skilled labor, Labor markets, Unemployment, Real sector, Job polarization, Occupational choice, Inter-generational inequality, WP, lifetime earnings

This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find...

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence »

Volume/Issue: 2019/205

Series: IMF Working Papers

Author(s): Li Liu , Ben Lockwood , Miguel Almunia , and Eddy Tam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513513812.001

ISBN: 9781513513812

Keywords: Tax revenue, Income tax revenue, Personal income taxes, Corporate income taxes, Tax systems, Value-Added Tax (VAT), Voluntary Registration, Bunching, WP, vat

Using administrative tax records for UK businesses, we document both bunching in annual turnover below the VAT registration threshold and persistent voluntary registration by almost half of the firms below the thre...

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output »

Volume/Issue: 2019/208

Series: IMF Working Papers

Author(s): Bas Bakker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

DOI: http://dx.doi.org/10.5089/9781513512532.001

ISBN: 9781513512532

Keywords: Real sector, Real interest rates, Return on investment, Unemployment, Investment, Monetary policy, potential output, Solow-Swan, WP, investment rate

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a declin...

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence »

Source: VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence

Volume/Issue: 2019/205

Series: IMF Working Papers

Author(s): Li Liu , Ben Lockwood , Miguel Almunia , and Eddy Tam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

ISBN: 9781513513812

Keywords: Tax revenue, Income tax revenue, Personal income taxes, Corporate income taxes, Tax systems, Value-Added Tax (VAT), Voluntary Registration, Bunching, WP, vat

Using administrative tax records for UK businesses, we document both bunching in annual turnover below the VAT registration threshold and persistent voluntary registration by almost half of the firms below the thre...

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output

What Happens if Central Banks Misdiagnose a Slowdown in Potential Output »

Source: What Happens if Central Banks Misdiagnose a Slowdown in Potential Output

Volume/Issue: 2019/208

Series: IMF Working Papers

Author(s): Bas Bakker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2019

ISBN: 9781513512532

Keywords: Real sector, Real interest rates, Return on investment, Unemployment, Investment, Monetary policy, potential output, Solow-Swan, WP, investment rate

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a declin...

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants »

Volume/Issue: 2019/196

Series: IMF Working Papers

Author(s): Benedict Clements , Sanjeev Gupta , and Saida Khamidova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

DOI: http://dx.doi.org/10.5089/9781513509877.001

ISBN: 9781513509877

Keywords: Military expenditures, Age-related spending, Capital expenditure, Education spending, Government expenditures, Military spending, social spending, convergence., WP, military spend

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group,...

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants1

Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants1 »

Source: Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants

Volume/Issue: 2019/196

Series: IMF Working Papers

Author(s): Benedict Clements , Sanjeev Gupta , and Saida Khamidova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2019

ISBN: 9781513509877

Keywords: Military expenditures, Age-related spending, Capital expenditure, Education spending, Government expenditures, Military spending, social spending, convergence., WP, military spend

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group,...

IMF Executive Board Reviews Proposal to Update the Monetary and Financial Policies Transparency Code

IMF Executive Board Reviews Proposal to Update the Monetary and Financial Policies Transparency Code »

Source: Update The Monetary And Financial Policies Transparency Code

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2019

ISBN: 9781498314503

Keywords: Central bank governance, Central banks, Central banking, Monetary policy, Central bank autonomy, Central bank, Central bank transparency, Financial policy, Central bank code, Global Financial Crisis

This paper presents a staff proposal to update the 1999 Monetary and Financial Policies Transparency Code (MFPT). The proposal narrows the perimeter of the code to central banks only but broadens the areas on which...

Update The Monetary And Financial Policies Transparency Code

Update The Monetary And Financial Policies Transparency Code »

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2019

DOI: http://dx.doi.org/10.5089/9781498314503.007

ISBN: 9781498314503

Keywords: Central bank governance, Central banks, Central banking, Monetary policy, Central bank autonomy, Central bank, Central bank transparency, Financial policy, Central bank code, Global Financial Crisis

This paper presents a staff proposal to update the 1999 Monetary and Financial Policies Transparency Code (MFPT). The proposal narrows the perimeter of the code to central banks only but broadens the areas on which...

Staff Proposal to Update the Monetary and Financial Policies Transparency Code

Staff Proposal to Update the Monetary and Financial Policies Transparency Code »

Source: Update The Monetary And Financial Policies Transparency Code

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2019

ISBN: 9781498314503

Keywords: Central bank governance, Central banks, Central banking, Monetary policy, Central bank autonomy, Central bank, Central bank transparency, Financial policy, Central bank code, Global Financial Crisis

This paper presents a staff proposal to update the 1999 Monetary and Financial Policies Transparency Code (MFPT). The proposal narrows the perimeter of the code to central banks only but broadens the areas on which...

The Global Economic Recovery 10 Years After the 2008 Financial Crisis

The Global Economic Recovery 10 Years After the 2008 Financial Crisis »

Source: The Global Economic Recovery 10 Years After the 2008 Financial Crisis

Volume/Issue: 2019/83

Series: IMF Working Papers

Author(s): Wenjie Chen , Mico Mrkaic , and Malhar Nabar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2019

ISBN: 9781498305426

Keywords: Supply and demand, Public sector borrowing requirements, Negative interest rates, Bank credit, Central banks, Financial crisis, GDP trend, output deviations, employment deviations, bank crisis

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis i...

The Global Economic Recovery 10 Years After the 2008 Financial Crisis

The Global Economic Recovery 10 Years After the 2008 Financial Crisis »

Volume/Issue: 2019/83

Series: IMF Working Papers

Author(s): Wenjie Chen , Mico Mrkaic , and Malhar Nabar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 April 2019

DOI: http://dx.doi.org/10.5089/9781498305426.001

ISBN: 9781498305426

Keywords: Supply and demand, Public sector borrowing requirements, Negative interest rates, Bank credit, Central banks, Financial crisis, GDP trend, output deviations, employment deviations, bank crisis

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis i...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries1 »

Source: Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries

Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries »

Volume/Issue: 2019/4

Series: IMF Working Papers

Author(s): Bernardin Akitoby , Jiro Honda , and Hiroaki Miyamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

DOI: http://dx.doi.org/10.5089/9781484390054.001

ISBN: 9781484390054

Keywords: Italy, Japan, Germany, Europe, Canada, Asia and Pacific, France, United Kingdom, United States, Western Hemisphere

Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to this question by exploring the state-dependent impact of fiscal spending shocks on employment...

Brexit Referendum and Business Investment in the UK

Brexit Referendum and Business Investment in the UK »

Source: Brexit Referendum and Business Investment in the UK

Volume/Issue: 2018/247

Series: IMF Working Papers

Author(s): Lucyna Gornicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2018

ISBN: 9781484382011

Keywords: Europe, United Kingdom, Brexit referendum, firm investment, uncertainty, trade costs, General, Country and Industry Studies of Trade

In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' part...

Brexit Referendum and Business Investment in the UK

Brexit Referendum and Business Investment in the UK »

Volume/Issue: 2018/247

Series: IMF Working Papers

Author(s): Lucyna Gornicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2018

DOI: http://dx.doi.org/10.5089/9781484382011.001

ISBN: 9781484382011

Keywords: Europe, United Kingdom, Brexit referendum, firm investment, uncertainty, trade costs, General, Country and Industry Studies of Trade

In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' part...

IMF Executive Board Concludes 2018 Article IV Consultation with the United Kingdom

IMF Executive Board Concludes 2018 Article IV Consultation with the United Kingdom »

Source: United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

United Kingdom
			: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom »

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

DOI: http://dx.doi.org/10.5089/9781484384589.002

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

United Kingdom
			: Selected Issues

United Kingdom : Selected Issues »

Volume/Issue: 2018/317

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

DOI: http://dx.doi.org/10.5089/9781484384596.002

ISBN: 9781484384596

Keywords: International trade, International financial markets, Labor markets, Financial sector, Automobile industry, Fiscal policy, Health care spending, Pensions, Selected issues

This Selected Issues paper estimates the long-run economic impact of Brexit on the United Kingdom under two distinct assumptions for the post-Brexit relationship between the United Kingdom and the European Union. T...

Statement by Ms. Shona Riach, Executive Director for the United Kingdom and Mr. Oliver James Haydon, Advisor to the Executive Director November 12, 2018

Statement by Ms. Shona Riach, Executive Director for the United Kingdom and Mr. Oliver James Haydon, Advisor to the Executive Director November 12, 2018 »

Source: United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

United Kingdom: 2018 Article IV Consultation—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the United Kingdom

United Kingdom: 2018 Article IV Consultation—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the United Kingdom »

Source: United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2018/317

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384596

Keywords: International trade, International financial markets, Labor markets, Financial sector, Automobile industry, Fiscal policy, Health care spending, Pensions, Selected issues

This Selected Issues paper estimates the long-run economic impact of Brexit on the United Kingdom under two distinct assumptions for the post-Brexit relationship between the United Kingdom and the European Union. T...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2018/317

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384596

Keywords: International trade, International financial markets, Labor markets, Financial sector, Automobile industry, Fiscal policy, Health care spending, Pensions, Selected issues

This Selected Issues paper estimates the long-run economic impact of Brexit on the United Kingdom under two distinct assumptions for the post-Brexit relationship between the United Kingdom and the European Union. T...

United Kingdom: Staff Report for the 2018 Article IV Consultation—Informational Annex

United Kingdom: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

United Kingdom: Staff Report for the 2018 Article IV Consultation—Supplementary Information

United Kingdom: Staff Report for the 2018 Article IV Consultation—Supplementary Information »

Source: United Kingdom : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom

Volume/Issue: 2018/316

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2018

ISBN: 9781484384589

Keywords: Europe, United Kingdom

The United Kingdom is set to exit the European Union in March 2019. It is now in the process of negotiating its withdrawal from the EU. Once an agreement is reached, there will be an implementation period through t...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Assessing Fiscal Space: an Update and Stocktaking

Assessing Fiscal Space: an Update and Stocktaking »

Source: Assessing Fiscal Space : An Update and Stocktaking

Volume/Issue: 2018/033

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2018

ISBN: 9781498309042

Keywords: Fiscal space, Debt sustainability, Fiscal policy, Monetary policy, Fiscal rules, commodity producer, country-specific, market access, bottom-line, conjuncture

This paper reviews the experience with the fiscal space assessment framework that was piloted during 2017-18. In 2016, staff proposed an operational definition of fiscal space and a new four-stage framework for its...

IMF Board Takes Stock of Work on Fiscal Space

IMF Board Takes Stock of Work on Fiscal Space »

Source: Assessing Fiscal Space : An Update and Stocktaking

Volume/Issue: 2018/033

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2018

ISBN: 9781498309042

Keywords: Fiscal space, Debt sustainability, Fiscal policy, Monetary policy, Fiscal rules, commodity producer, country-specific, market access, bottom-line, conjuncture

This paper reviews the experience with the fiscal space assessment framework that was piloted during 2017-18. In 2016, staff proposed an operational definition of fiscal space and a new four-stage framework for its...

Assessing Fiscal Space
			: An Update and Stocktaking

Assessing Fiscal Space : An Update and Stocktaking »

Volume/Issue: 2018/033

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2018

DOI: http://dx.doi.org/10.5089/9781498309042.007

ISBN: 9781498309042

Keywords: Fiscal space, Debt sustainability, Fiscal policy, Monetary policy, Fiscal rules, commodity producer, country-specific, market access, bottom-line, conjuncture

This paper reviews the experience with the fiscal space assessment framework that was piloted during 2017-18. In 2016, staff proposed an operational definition of fiscal space and a new four-stage framework for its...

IMF Executive Board Approves New Framework for Enhanced Engagement on Governance

IMF Executive Board Approves New Framework for Enhanced Engagement on Governance »

Source: Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement

Volume/Issue: 2018/022

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.;International Monetary Fund. Legal Dept.;International Monetary Fund. Research Dept.;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2018

ISBN: 9781498308366

Keywords: Governance, Central bank governance, Central bank operations, Financial sector oversight, Anti-money laundering, Money laundering, governance policy, governance issue, corruption issue, UNCAC

This paper proposes the adoption of a framework that would supplement the 1997 Fund's Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the '1997 Governance Policy'). While...

Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement

Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement »

Volume/Issue: 2018/022

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.;International Monetary Fund. Legal Dept.;International Monetary Fund. Research Dept.;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2018

DOI: http://dx.doi.org/10.5089/9781498308366.007

ISBN: 9781498308366

Keywords: Governance, Central bank governance, Central bank operations, Financial sector oversight, Anti-money laundering, Money laundering, governance policy, governance issue, corruption issue, UNCAC

This paper proposes the adoption of a framework that would supplement the 1997 Fund's Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the '1997 Governance Policy'). While...

Review of 1997 Guidance Note on Governance—A Proposed Framework for Enhanced Fund Engagement

Review of 1997 Guidance Note on Governance—A Proposed Framework for Enhanced Fund Engagement »

Source: Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement

Volume/Issue: 2018/022

Series: Policy Papers

Author(s): International Monetary Fund. Fiscal Affairs Dept.;International Monetary Fund. Legal Dept.;International Monetary Fund. Research Dept.;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2018

ISBN: 9781498308366

Keywords: Governance, Central bank governance, Central bank operations, Financial sector oversight, Anti-money laundering, Money laundering, governance policy, governance issue, corruption issue, UNCAC

This paper proposes the adoption of a framework that would supplement the 1997 Fund's Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the '1997 Governance Policy'). While...

Considerations on the Role of the SDR

Considerations on the Role of the SDR »

Source: Considerations on the Role of the SDR

Volume/Issue: 2018/017

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Research Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Statistics Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2018

ISBN: 9781498307390

Keywords: SDR role, International monetary system, Freely usable currencies, Economic integration, Interest rate policy, Central banks, SDRs, IMS, issuer, multipolar

This paper explores whether a broader role for the SDR could contribute to the smooth functioning and stability of the international monetary system (IMS). Recent staff assessments highlighted that the IMS has disp...

Considerations on the Role of the SDR

Considerations on the Role of the SDR »

Volume/Issue: 2018/017

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Research Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Statistics Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2018

DOI: http://dx.doi.org/10.5089/9781498307390.007

ISBN: 9781498307390

Keywords: SDR role, International monetary system, Freely usable currencies, Economic integration, Interest rate policy, Central banks, SDRs, IMS, issuer, multipolar

This paper explores whether a broader role for the SDR could contribute to the smooth functioning and stability of the international monetary system (IMS). Recent staff assessments highlighted that the IMS has disp...

Measuring the Digital Economy

Measuring the Digital Economy »

Volume/Issue: 2018/016

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2018

DOI: http://dx.doi.org/10.5089/9781498307369.007

ISBN: 9781498307369

Keywords: Cost of living, National income, Price indexes, Monetary statistics, Financial statistics, digitalization, digital product, digital economy, MNEs, deflator

"Digitalization encompasses a wide range of new applications of information technology in business models and products that are transforming the economy and social interactions. Digitalization is both an enabler an...

Measuring the Digital Economy

Measuring the Digital Economy »

Source: Measuring the Digital Economy

Volume/Issue: 2018/016

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2018

ISBN: 9781498307369

Keywords: Cost of living, National income, Price indexes, Monetary statistics, Financial statistics, digitalization, digital product, digital economy, MNEs, deflator

"Digitalization encompasses a wide range of new applications of information technology in business models and products that are transforming the economy and social interactions. Digitalization is both an enabler an...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484340424.087

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Source: Revisiting the Economic Case for Fiscal Union in the Euro Area

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...

IMF Executive Board Concludes 2017 Article IV Consultation with the United Kingdom

IMF Executive Board Concludes 2017 Article IV Consultation with the United Kingdom »

Source: United Kingdom : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2018/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341704

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Tax reforms, Monetary policy, Financial sector, Fiscal reforms, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic growth in the United Kingdom has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling follow...

United Kingdom
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom

United Kingdom : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom »

Volume/Issue: 2018/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

DOI: http://dx.doi.org/10.5089/9781484341704.002

ISBN: 9781484341704

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Tax reforms, Monetary policy, Financial sector, Fiscal reforms, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic growth in the United Kingdom has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling follow...

United Kingdom
			: Selected Issues

United Kingdom : Selected Issues »

Volume/Issue: 2018/43

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

DOI: http://dx.doi.org/10.5089/9781484341759.002

ISBN: 9781484341759

Keywords: Labor markets, Labor productivity, Wage increases, Migration, Development, Underemployment, Unemployment, Selected issues, United Kingdom, Economic conditions

This Selected Issues paper on the United Kingdom finds that the main factors behind the slowdown include weak productivity growth, labor market slack, and low inflation. Recent labor market developments in the Unit...

Statement by Steve Field, Executive Director for the United Kingdom, February 12, 2018

Statement by Steve Field, Executive Director for the United Kingdom, February 12, 2018 »

Source: United Kingdom : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2018/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341704

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Tax reforms, Monetary policy, Financial sector, Fiscal reforms, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic growth in the United Kingdom has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling follow...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2018/43

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341759

Keywords: Labor markets, Labor productivity, Wage increases, Migration, Development, Underemployment, Unemployment, Selected issues, United Kingdom, Economic conditions

This Selected Issues paper on the United Kingdom finds that the main factors behind the slowdown include weak productivity growth, labor market slack, and low inflation. Recent labor market developments in the Unit...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2018/43

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341759

Keywords: Labor markets, Labor productivity, Wage increases, Migration, Development, Underemployment, Unemployment, Selected issues, United Kingdom, Economic conditions

This Selected Issues paper on the United Kingdom finds that the main factors behind the slowdown include weak productivity growth, labor market slack, and low inflation. Recent labor market developments in the Unit...

United Kingdom: Staff Report for the 2017 Article IV Consultation

United Kingdom: Staff Report for the 2017 Article IV Consultation »

Source: United Kingdom : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2018/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341704

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Tax reforms, Monetary policy, Financial sector, Fiscal reforms, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic growth in the United Kingdom has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling follow...

United Kingdom: Staff Report for the 2017 Article IV Consultation—Informational Annex

United Kingdom: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: United Kingdom : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom

Volume/Issue: 2018/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2018

ISBN: 9781484341704

Keywords: Article IV consultation reports, Fiscal policy, Fiscal consolidation, Tax reforms, Monetary policy, Financial sector, Fiscal reforms, Economic indicators, Balance of payments statistics, Debt sustainability analysis

This 2017 Article IV Consultation highlights that the economic growth in the United Kingdom has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling follow...

Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit

Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit »

Volume/Issue: 2018/008

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2018

DOI: http://dx.doi.org/10.5089/9781498307253.007

ISBN: 9781498307253

Keywords: Poverty reduction, Poverty Reduction and Growth Trust, Credit, Borrowing, Loans, Debt, Reserves adequacy, mobilization, loan, loan agreement

An effort to mobilize SDR 11 billion in additional Poverty Reduction and Growth Trust (PRGT) loan resources is underway to sustain the Fund's concessional lending operations over the medium term. SDR 9.4 billion in...

Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit

Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit »

Source: Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit

Volume/Issue: 2018/008

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2018

ISBN: 9781498307253

Keywords: Poverty reduction, Poverty Reduction and Growth Trust, Credit, Borrowing, Loans, Debt, Reserves adequacy, mobilization, loan, loan agreement

An effort to mobilize SDR 11 billion in additional Poverty Reduction and Growth Trust (PRGT) loan resources is underway to sustain the Fund's concessional lending operations over the medium term. SDR 9.4 billion in...

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK »

Volume/Issue: 2018/7

Series: IMF Working Papers

Author(s): Li Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2018

DOI: http://dx.doi.org/10.5089/9781484337493.001

ISBN: 9781484337493

Keywords: Europe, Foreign direct investment, United Kingdom, corporate tax policy, multinational firms, Business Taxes and Subsidies, General

In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial...

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK »

Source: Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK

Volume/Issue: 2018/7

Series: IMF Working Papers

Author(s): Li Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2018

ISBN: 9781484337493

Keywords: Europe, Foreign direct investment, United Kingdom, corporate tax policy, multinational firms, Business Taxes and Subsidies, General

In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial...

Quantitative Easing and Long-Term Yields in Small Open Economies

Quantitative Easing and Long-Term Yields in Small Open Economies »

Volume/Issue: 2017/212

Series: IMF Working Papers

Author(s): Antonio Diez de los Rios , and Maral Shamloo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320730.001

ISBN: 9781484320730

Keywords: Europe, Sweden, Switzerland, Central banks and their policies, United Kingdom, United States, Western Hemisphere, Unconventional monetary policy, event study, signaling

We compare the effectiveness of Federal Reserve's asset purchase programs in lowering longterm yields with that of similar programs implemented by the Bank of England, the Swedish Riksbank, and the Swiss National B...