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Persistent link: https://www.econbiz.de/10009424793
There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust...
Persistent link: https://www.econbiz.de/10014397213
and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …
Persistent link: https://www.econbiz.de/10014396210
Over the past decade, global output has grown by more than 3 percent a year and inflation has slowed in most regions. The fruits of this growthhave not been shared equally, however, and income disparities have grownin many countries, developed as well as developing. One of the mostpressing...
Persistent link: https://www.econbiz.de/10014409385
Persistent link: https://www.econbiz.de/10009504203
This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and worsen the current account, but Dutch ‘Disease’...
Persistent link: https://www.econbiz.de/10014400547
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10014403243
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff … economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world …
Persistent link: https://www.econbiz.de/10014403935
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
set up by treaty in 1945 to help promote the health of the world economy. Through its work, the IMF helps to keep the … world economy running as smoothly as possible. Its work is aimed partly at the prevention of economic and financial crises … countries' economic size, determine countries' voting power in the IMF and the limits to what they can borrow. The IMF and World …
Persistent link: https://www.econbiz.de/10014397381