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The Domestic and Global Impact of Japan's Policies for Growth

Batini, Nicoletta; Rebucci, Alessandro; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2005

the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural … reforms on the Japanese and world economies. Simulation results indicate that these could reduce substantially Japan's fiscal … imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …

Persistent link: https://www.econbiz.de/10005825976

An Analysis of U.S. Fiscal and Generational Imbalances; Who Will Pay and How?

Batini, Nicoletta; Guerreiro, Julia; Callegari, Giovanni - International Monetary Fund (IMF) - 2011

This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is...

Persistent link: https://www.econbiz.de/10009019573

A Simple Method to Compute Fiscal Multipliers

Batini, Nicoletta; Eyraud, Luc; Weber, Anke - International Monetary Fund (IMF) - 2014

Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries, little is known about the size of multipliers, as data availability limits the scope for empirical research. For these countries, we propose a simple methodâ€”dubbed the â€œbucket...

Persistent link: https://www.econbiz.de/10011123878

Successful Austerity in the United States, Europe and Japan

Callegari, Giovanni; Melina, Giovanni; Batini, Nicoletta - International Monetary Fund (IMF) - 2012

The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract their stimulus measures in an effort to regain market confidence. Using regime-switching VARs we...

Persistent link: https://www.econbiz.de/10011142067

External Capital Structure; Theory and Evidence

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2000

Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...

Persistent link: https://www.econbiz.de/10005599542

Cross-Border Investment in Small International Financial Centers

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2010

This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimates of the foreign asset and liability positions for a number of the most important small financial centers, and places these into context...

Persistent link: https://www.econbiz.de/10008519475

The Cross-Country Incidence of the Global Crisis

Milesi-Ferretti, Gian-Maria; Lane, Philip R. - International Monetary Fund (IMF) - 2010

We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...

Persistent link: https://www.econbiz.de/10008646414