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Policy Complementarities and the Washington Consensus

Policy Complementarities and the Washington Consensus »

Source: Policy Complementarities and the Washington Consensus

Volume/Issue: 1997/118

Series: IMF Working Papers

Author(s): Jahangir Aziz , and Robert Westcott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451940954

Keywords: economic growth, development policies, complementarities, probability, probabilities, standard deviation, equation

While economists continue to debate whether particular economic policies, such as those referred to in Willliamson’s (1993) “Washington Consensus,” can spur growth in developing countries, this...

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy »

Source: The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

Volume/Issue: 2019/74

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2019

ISBN: 9781498305402

Keywords: Economic growth, Commodity markets, Economic policy, Economic analysis, Economic theory, Industrial policy, technology, innovation, growth, diversification

Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy...

Gender Budgeting

Gender Budgeting »

Source: Gender Budgeting : Fiscal Context and Current Outcomes

Volume/Issue: 2016/149

Series: IMF Working Papers

Author(s): Janet Stotsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2016

ISBN: 9781475575460

Keywords: Fiscal policy, Gender, Budgeting, Women's economic conditions, Women's social conditions, Gender budgeting, fiscal policies, fiscal administration

Gender budgeting is an approach to budgeting that uses fiscal policy and administration to promote gender equality and girls and women's development. This paper posits that, properly designed, gender budgeting impr...

Will Fiscal Policy Be Effective Under EMU?

Will Fiscal Policy Be Effective Under EMU? »

Source: Will Fiscal Policy Be Effective Under EMU?

Volume/Issue: 1998/176

Series: IMF Working Papers

Author(s): M. Cangiano , and Eric Mottu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451975550

Keywords: Economic Union, Policy Coordination, expenditure, central fiscal, fiscal authority, fiscal policies

European Economic and Monetary Union does not envisage creating a central fiscal authority. Monetary and exchange rate policies will be centralized, but fiscal policy will remain a national responsibility, in line...

Recent U.S. Labor Force Dynamics

Recent U.S. Labor Force Dynamics »

Source: Recent U.S. Labor Force Dynamics : Reversible or not?

Volume/Issue: 2015/76

Series: IMF Working Papers

Author(s): Ravi Balakrishnan , Mai Dao , Juan Sole , and Jeremy Zook

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2015

ISBN: 9781484315620

Keywords: employment gap, macro-economic policy, labor, employment, labor force, labor market, Monetary Policy (Targets, Instruments, and Effects), Labor Force and Employment

The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is...

Macroeconomic Implications of Natural Disasters in the Caribbean

Macroeconomic Implications of Natural Disasters in the Caribbean »

Source: Macroeconomic Implications of Natural Disasters in the Caribbean

Volume/Issue: 2004/224

Series: IMF Working Papers

Author(s): Tobias Rasmussen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781451875355

Keywords: Natural Disasters, Eastern Caribbean, disasters, hurricane, disaster, natural hazard, Fiscal Policies and Behavior of Economic Agents: General, Economic Development: General,

Each year natural disasters affect about 200 million people and cause about $50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the...

Fiscal Reform Over Ten Years of Transition

Fiscal Reform Over Ten Years of Transition »

Source: Fiscal Reform Over Ten Years of Transition

Volume/Issue: 2000/113

Series: IMF Working Papers

Author(s): George Tsibouris , and Vito Tanzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853698

Keywords: fiscal reform, transition, tax system, tax revenue, tax administrations, tax policy, tax policy reform, Economic Reform,

This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms vis...

Public Investment as a Fiscal Stimulus

Public Investment as a Fiscal Stimulus »

Source: Public Investment as a Fiscal Stimulus : Evidence from Japan's Regional Spending During the 1990s

Volume/Issue: 2010/110

Series: IMF Working Papers

Author(s): Anita Tuladhar , and Markus Bruckner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

ISBN: 9781455200696

Keywords: fiscal multipliers, private investment, government expenditure, Fiscal Policies and Behavior of Economic Agents: General,

How effective was public investment in stimulating the Japanese economy during the economic stagnation of the 1990s? Using a dataset of regional public investment spending, we find that investment multipliers were...

Weather Shocks and Output in Low-Income Countries: The Role of Policies and Adaptation1

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Weather Shocks and Output in Low-Income Countries: The Role of Policies and Adaptation1 »

Source: Weather Shocks and Output in Low-Income Countries: The Role of Policies and Adaptation

Volume/Issue: 2019/178

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia , Claudio Baccianti , Mico Mrkaic , Natalija Novta , Evgenia Pugacheva , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2019

ISBN: 9781513509853

Keywords: Economic policy, Economic growth, Economic recovery, Financial crises, Total factor productivity, Climate change, Climate policy, Adaptation to climate change, Weather shock, structural policy

We explore the extent to which macroeconomic policies, structural policies, and institutions can mitigate the negative relationship between temperature shocks and output in countries with warm climates. Empirical e...

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan

The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan »

Source: The Impact of Fiscal Consolidation and Structural Reformson Growth in Japan

Volume/Issue: 2011/13

Series: IMF Working Papers

Author(s): Pelin Berkmen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211913

Keywords: tax reform, structural policies, public debt, consumption taxes, Open Economy Macroeconomics, Fiscal Policies and Behavior of Economic Agents: General,

With Japan's public debt reaching historical levels, the need for fiscal consolidation and structural reforms have increased. As fiscal consolidation will require a sustained and large adjustment in the fiscal bala...