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Externalities. Incentives, and Economic Reforms

International Monetary Fund - 1990

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

Persistent link: https://www.econbiz.de/10014396155

Debt Relief and Adjustment Incentives : A Theoretical Exploration

International Monetary Fund - 1988

The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...

Persistent link: https://www.econbiz.de/10014396170

Model Uncertainty. Learning, and the Gains from Coordination

International Monetary Fund - 1988

The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...

Persistent link: https://www.econbiz.de/10014395854

International Coordination of Economic Policies : Scope, Methods, and Effects

International Monetary Fund - 1988

This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and...

Persistent link: https://www.econbiz.de/10014396358

Coordination of Monetary and Fiscal Policies

International Monetary Fund - 1998

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...

Persistent link: https://www.econbiz.de/10014401884

Finanzierung & Entwicklung : Vierteljahresheft des Internationalen Währungsfonds und der Weltbank in Zusammenarbeit mit dem HWWA-Institut für Wirtschaftsforschung, Hamburg

International Monetary Fund; International Bank for … - Hamburg : HWWA-Inst. - 7.1970,3 - 35.1998,1; damit Ersch. eingest.

Persistent link: https://www.econbiz.de/10004138804

The Managing Director's Global Policy Agenda : Rising Risks: A Call for Policy Cooperation

International Monetary Fund - 2018

Global growth remains strong. The recovery has created jobs and increased incomes. But growth momentum is moderating. Previously identified risks have partly materialized or have become more pronounced. A rapid reversal in financial market conditions, ten years after the global financial crisis,...

Persistent link: https://www.econbiz.de/10014408462

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee : Confront Global Challenges Together

International Monetary Fund - 2015

Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an...

Persistent link: https://www.econbiz.de/10014408526

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

International Monetary Fund - 2015

The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish. The membership is facing a rapidly changing and uncertain world. The United States is poised to raise interest rates amid ongoing recovery, China's expected slowdown as it rebalances growth is...

Persistent link: https://www.econbiz.de/10014408586

Staff Background Paper for the G20 Surveillance Note : Priorities for Structural Reforms in G20 Countries

International Monetary Fund - 2016

provide a powerful lift to growth-both in the short and the long term-if they are well aligned with individual country conditions . These include an economy's level of development, its position in the economic cycle, and its available macroeconomic policy space to support reforms. The larger a...

Persistent link: https://www.econbiz.de/10014408609