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World Economic Outlook, October 2017
			: Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges »

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

DOI: http://dx.doi.org/10.5089/9781484312490.081

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

The global upswing in economic activity is strengthening. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017 and to 3.7 percen...

Returns to Human Capital and Investment in New Technology

Returns to Human Capital and Investment in New Technology »

Source: Returns to Human Capital and Investment in New Technology

Volume/Issue: 2001/133

Series: IMF Working Papers

Author(s): Rodolfo Luzio , Steven Dunaway , and Martin Kaufman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451855494

Keywords: New technology, wage premium, income redistribution policies, wage, skilled workers, output growth, skilled labor, Econometric Modeling: General, Macroeconomic Policy, Macroeconomic Aspects of Public Finance

This paper presents a simple framework that illustrates the link between skill-based wage differentiation and human capital acquisition given skill-biased technical progress. The analysis points to the economic cos...

Understanding U.S. Wage Dynamics

Understanding U.S. Wage Dynamics »

Source: Understanding U.S. Wage Dynamics

Volume/Issue: 2018/138

Series: IMF Working Papers

Author(s): Yasser Abdih , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 2018

ISBN: 9781484362082

Keywords: United States, Western Hemisphere, Productivity, Wage growth, slack, routinization, offshoring, globalization, Aggregate Factor Income Distribution, Forecasting and Simulation

In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model expl...

The Negative Mean Output Gap

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The Negative Mean Output Gap »

Source: The Negative Mean Output Gap

Volume/Issue: 2019/183

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511740

Keywords: Accounting systems, Bank rates, Bond yields, Business cycles, Capital, Capital stocks, Central banking, Central banks, Consumption, Cost of capital

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns...

Statistical Appendix

Statistical Appendix »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

The Statistical Appendix presents historical data as well as projections. It comprises seven sections: Assumptions, What’s New, Data and Conventions, Country Notes, Classification of Countries, Key Data Docu...

Chapter 3. The Effects of Weather Shocks on Economic Activity: How can Low-Income Countries Cope?

Chapter 3. The Effects of Weather Shocks on Economic Activity: How can Low-Income Countries Cope? »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

Global temperatures have increased at an unprecedented pace over the past 40 years, and significant further warming could occur, depending on our ability to restrain greenhouse gas emissions. Th...

Chapter 1. Global Prospects and Policies

Chapter 1. Global Prospects and Policies »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

The pickup in growth projected in the April 2017 World Economic Outlook (WEO) is strengthening. The global growth forecast for 2017 and 2018—3.6 percent and 3.7 percent, respectively—is 0.1 perc...

Chapter 2. Recent Wage Dynamics in Advanced Economies: Drivers and Implications

Chapter 2. Recent Wage Dynamics in Advanced Economies: Drivers and Implications »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This chapter finds that the bulk of the wage slowdown can be explained by...

World Economic Outlook Selected Topics

World Economic Outlook Selected Topics »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

World Economic Outlook Archives World Economic Outlook: Financial Sy...

IMF Executive Board Discussion of the Outlook, October 2017

IMF Executive Board Discussion of the Outlook, October 2017 »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

The following remarks were made by the Chair at the conclusion of the Executive Board’s discussion of the Fiscal Monitor, Global Financial Stability Report, and World Economic Outlook on Septemb...