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World Economic Outlook, April 2018

Cyclical Upswing, Structural Change

The upswing in global investment and trade continued in the second half of 2017, but medium-term risks point to challenges for future growth.

World Economic Outlook, April 2018

Cyclical Upswing, Structural Change

The upswing in global investment and trade continued in the second half of 2017, but medium-term risks point to challenges for future growth.

Namibia
			: Technical Assistance Report-Assessing and Managing Fiscal Risks from State-Entities and Public-Private Partnerships

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Namibia : Technical Assistance Report-Assessing and Managing Fiscal Risks from State-Entities and Public-Private Partnerships »

Volume/Issue: 2018/258

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2018

DOI: http://dx.doi.org/10.5089/9781484373620.002

ISBN: 9781484373620

Following a period of strong growth, the Namibian economy is experiencing a slowdown. Despite efforts from the authorities, there is still limited fiscal space to fund through the budget the large capital programs...

Employment Protection Deregulation and Labor Shares in Advanced Economies

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Employment Protection Deregulation and Labor Shares in Advanced Economies »

Volume/Issue: 2018/186

Series: IMF Working Papers

Author(s): Gabriele Ciminelli , Romain Duval , and Davide Furceri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2018

DOI: http://dx.doi.org/10.5089/9781484370087.001

ISBN: 9781484370087

Keywords: Structural Reforms, Labor Market, Deregulation, Employment Protection; Labor Share.

Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1...

Liechtenstein
			: Anti-Money Laundering and Combating the Financing of Terrorism-Technical Note

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Liechtenstein : Anti-Money Laundering and Combating the Financing of Terrorism-Technical Note »

Volume/Issue: 2018/257

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 August 2018

DOI: http://dx.doi.org/10.5089/9781484373545.002

ISBN: 9781484373545

Liechtenstein has made significant steps and achieved considerable progress since the last mutual evaluation, particularly in bringing its legal framework more closely in line with the Financial Action Task Force (...

Cameroon
			: Selected Issues

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Cameroon : Selected Issues »

Volume/Issue: 2018/256

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 2018

DOI: http://dx.doi.org/10.5089/9781484373378.002

ISBN: 9781484373378

Selected Issues...

The Tax Cuts and Jobs Act: An Appraisal

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The Tax Cuts and Jobs Act: An Appraisal »

Volume/Issue: 2018/185

Series: IMF Working Papers

Author(s): Nigel Chalk , Michael Keen , and Victoria Perry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 August 2018

DOI: http://dx.doi.org/10.5089/9781484372548.001

ISBN: 9781484372548

Keywords: Tax Policy, Business Tax, Personal Income Tax, International Taxation, Pass-throughs

This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and redu...

Road to Industrialized Africa: Role of Efficient Factor Market in Firm Growth

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Road to Industrialized Africa: Role of Efficient Factor Market in Firm Growth »

Volume/Issue: 2018/184

Series: IMF Working Papers

Author(s): Manabu Nose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2018

DOI: http://dx.doi.org/10.5089/9781484373088.001

ISBN: 9781484373088

Keywords: Firm growth, misallocation, land market, labor regulations

After a decade of rapid growth, industrialization has lost ground with shrinking manufacturing sector and high informality in Sub-Saharan Africa (SSA). This paper explores how land market and labor regulations affe...

India
			: Selected Issues

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India : Selected Issues »

Volume/Issue: 2018/255

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2018

DOI: http://dx.doi.org/10.5089/9781484373200.002

ISBN: 9781484373200

Keywords: Asia and Pacific, India

Selected Issues...

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

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

Volume/Issue: 2018/254

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 August 2018

DOI: http://dx.doi.org/10.5089/9781484373125.002

ISBN: 9781484373125

Keywords: India, Asia and Pacific

India has been among the fastest-growing economies in the world over the past few years, lifting millions out of poverty. The authorities have initiated important structural reforms to spur India's catch up with mo...

Predicting Fiscal Crises

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Predicting Fiscal Crises »

Volume/Issue: 2018/181

Series: IMF Working Papers

Author(s): Svetlana Cerovic , Kerstin Gerling , Andrew Hodge , and Paulo Medas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484372555.001

ISBN: 9781484372555

Keywords: Taxation, Low income countries, Debt, Debt management, Fiscal policy, Fiscal crises, Early Warning System, Public Expenditures, Investment, and Finance

This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods...

Bunching at 3 Percent: The Maastricht Fiscal Criterion and Government Deficits

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Bunching at 3 Percent: The Maastricht Fiscal Criterion and Government Deficits »

Volume/Issue: 2018/182

Series: IMF Working Papers

Author(s): Francesca Caselli , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484371732.001

ISBN: 9781484371732

Keywords: Fiscal rules, Fiscal policy, bunching estimation, treatment effects, Deficit

This paper estimates the effects of the Maastricht treaty's fiscal criterion on EU countries' general government deficits. We combine treatment effects methods with bunching estimation, and find that the 3 percent...