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Ostry, Jonathan David; Berg, Andrew; Tsangarides, … - International Monetary Fund (IMF) - 2014

and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic … the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective …

Persistent link: https://www.econbiz.de/10011142220

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

Portillo, Rafael; Berg, Andrew; Gottschalk, Jan; Zanna, … - International Monetary Fund (IMF) - 2010

We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...

Persistent link: https://www.econbiz.de/10008560423

The Short-Run Macroeconomics of Aid Inflows; Understanding the Interaction of Fiscal and Reserve Policy

Zanna, Luis-Felipe; Berg, Andrew; Mirzoev, Tokhir; … - International Monetary Fund (IMF) - 2010

We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under the control of the fiscal authorities, and absorbing the aid-using the aid to finance a higher...

Persistent link: https://www.econbiz.de/10008470400

Public Investment in Resource-Abundant Developing Countries

Berg, Andrew; Portillo, Rafael; Yang, Shu-Chun S.; … - International Monetary Fund (IMF) - 2012

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...

Persistent link: https://www.econbiz.de/10010790256

Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis

Tareq, Shamsuddin; Berg, Andrew; Lledo, Victor Duarte; … - International Monetary Fund (IMF) - 2009

Persistent link: https://www.econbiz.de/10010790475

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

Berg, Andrew; Portillo, Rafael A; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption â€” an increase in the current account deficit net of aidâ€”delivering the same effects...

Persistent link: https://www.econbiz.de/10011123835

Inequality and Unsustainable Growth; Two Sides of the Same Coin?

Ostry, Jonathan David; Berg, Andrew - International Monetary Fund (IMF) - 2011

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It … squarely on the issue of inequality and the sustainability of growth. It will reference the literature that has gained … prominence in the wake of the global crisis, and the possible links between the crisis and rising inequality in countries at the …

Persistent link: https://www.econbiz.de/10011245899

Trade, Growth, and Poverty; A Selective Survey

Berg, Andrew; Krueger, Anne O. - International Monetary Fund (IMF) - 2003

This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...

Persistent link: https://www.econbiz.de/10005263804

What Makes Growth Sustained?

Ostry, Jonathan David; Berg, Andrew; Zettelmeyer, Jeromin - International Monetary Fund (IMF) - 2008

We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than...

Persistent link: https://www.econbiz.de/10008528657

The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries

Papageorgiou, Chris; Berg, Andrew; Pattillo, Catherine A.; … - International Monetary Fund (IMF) - 2010

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED)...

Persistent link: https://www.econbiz.de/10008671308