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Macroeconomic Dimensions of Public-Private Partnerships

Macroeconomic Dimensions of Public-Private Partnerships »

Source: Macroeconomic Dimensions of Public-Private Partnerships

Volume/Issue: 2016/78

Series: IMF Working Papers

Author(s): Edward Buffie , Michele Andreolli , Bin Grace Li , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 2016

ISBN: 9781484307700

Keywords: Public-private Partnerships, Unemployment, Underinvestment, Welfare.

The voluminous literature comparing public-private partnerships (P3s) and own-investment (OI) by the public sector is dominated by contributions from microeconomic theory. This paper gives macroeconomics a voice in...

Immiserizing Foreign Aid

Immiserizing Foreign Aid »

Source: Immiserizing Foreign Aid : The Roles of Tariffs and Nontraded Goods

Volume/Issue: 2006/129

Series: IMF Working Papers

Author(s): Stephen Tokarick

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

ISBN: 9781451863895

Keywords: welfare effects, nontraded goods, equation, imported good, factor endowments, trade theory,

International trade theory has pointed out that factor accumulation could immiserize a country if it is sufficiently biased toward the export sector, or if it is biased toward an importcompeting sector in the prese...

Climate Mitigation in China

Climate Mitigation in China »

Source: Climate Mitigation in China : Which Policies Are Most Effective?

Volume/Issue: 2016/148

Series: IMF Working Papers

Author(s): Ian Parry , Baoping Shang , Philippe Wingender , Nate Vernon , and Tarun Narasimhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2016

ISBN: 9781475574524

Keywords: Paris Agreement, carbon tax, China, air pollution, coal tax, emissions trading, incidence, welfare effects

For the 2015 Paris Agreement on climate change, China pledged to reduce the carbon dioxide (CO2) intensity of GDP by 60-65 percent below 2005 levels by 2030. This paper develops a practical spreadsheet tool for eva...

International Trade and Poverty Alleviation1

International Trade and Poverty Alleviation1 »

Source: International Trade and Poverty Alleviation

Volume/Issue: 2001/54

Series: IMF Working Papers

Author(s): Geoffrey Bannister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451847512

Keywords: trade reform, effects of trade liberalization, trade reforms, Welfare and Poverty: General,

Empirical studies suggest that trade reform has a positive effect on employment and income for the poor; however, there are winners and losers. If the transitional costs of trade liberalization fall disproportionat...

Universal Basic Income in Developing Countries: Issues, Options, and Illustration for India

Universal Basic Income in Developing Countries: Issues, Options, and Illustration for India »

Source: Universal Basic Income in Developing Countries: Issues, Options, and Illustration for India

Volume/Issue: 2018/174

Series: IMF Working Papers

Author(s): David Coady , and Delphine Prady

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2018

ISBN: 9781484370049

Keywords: Government expenditures and welfare programs, Asia and Pacific, India, Universal basic income, safety net reform, efficient energy pricing, distributional gains

This paper discusses two common arguments for the adoption of a UBI; that it can be a more effective way of supporting low-income households when existing safety net programs are inefficient, and that it can genera...

Sudden Stops, Output Drops, and Credit Collapses

Sudden Stops, Output Drops, and Credit Collapses »

Source: Sudden Stops, Output Drops, and Credit Collapses

Volume/Issue: 2010/176

Series: IMF Working Papers

Author(s): Jihad Dagher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201877

Keywords: Financial liberalization, welfare gain, financial deepening, small firms, debt, investment, dividends, interest, Financial Institutions and Services: Government Policy and Regulation,

This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial f...

Money and Credit

Money and Credit »

Source: Money and Credit : Theory and Applications

Volume/Issue: 2017/14

Series: IMF Working Papers

Author(s): Liang Wang , Randall Wright , and Lucy Qian Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2017

ISBN: 9781475572339

Keywords: Money, Credit, Demand for money, Sticky prices, Welfare, Econometric models, Money, Credit, Inflation, Price Dispersion

We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs...

Korea's Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Korea's Paradigm Shift for Sustainable and Inclusive Growth: A Proposal »

Source: Korea's Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Volume/Issue: 2017/260

Series: IMF Working Papers

Author(s): Yangkyoon Byeon , Kwanghae Choi , Heenam Choi , and Jun Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2017

ISBN: 9781484329931

Keywords: Government expenditures and welfare programs, Social protection, Fiscal sustainability, Korea, Republic of, Asia and Pacific, Economic freedom, structural reforms, General

Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the go...

Canada's Carbon Price Floor

Canada's Carbon Price Floor »

Source: Canada's Carbon Price Floor

Volume/Issue: 2018/42

Series: IMF Working Papers

Author(s): Ian Parry , and Victor Mylonas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2018

ISBN: 9781484345191

Keywords: Western Hemisphere, Canada, carbon price, price floor, welfare impacts, incidence, effective carbon price, competitiveness impacts, Environmental Economics: Government Policy

The pan-Canadian approach to carbon pricing, announced in October 2016, ensures that carbon pricing applies throughout Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces an...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...