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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.

Cameroon
			: Selected Issues

New
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

New
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

Selected Issues...

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

New
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

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

New
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...

Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina

New
Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina »

Volume/Issue: 2018/183

Series: IMF Working Papers

Author(s): Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484362990.001

ISBN: 9781484362990

Keywords: Argentina, Western Hemisphere, Economic growth; structural reforms; productivity; product market competition; labor market reforms; trade openness; Argentina, Economic growth, structural reforms, productivity, product market competition, labor market reforms, trade openness, General

The paper uses a supply-side framework based on a production function approach to assess the role of structural reforms in boosting long-term GDP growth in Argentina. The impact of product, labor, trade, and tax re...

Hungary
			: 2018 Article IV Consultation-Press Release and Staff Report

New
Hungary : 2018 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2018/252

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484372371.002

ISBN: 9781484372371

Keywords: Hungary, Europe

Growth rebounded in 2017 and the first half of 2018 on the back of buoyant domestic demand due to the accelerated absorption of EU funds and strong disposable income. External debt declined substantially over the p...

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

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

Volume/Issue: 2018/253

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2018

DOI: http://dx.doi.org/10.5089/9781484372449.002

ISBN: 9781484372449

Keywords: Brazil, Western Hemisphere

Recent developments. Following a severe recession in 2015-16, real GDP grew by 1 percent in 2017. Inflation declined below the inflation target range, prompting the Central Bank to cut interest rates to historic lo...