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Estimating Potential Growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - International Monetary Fund (IMF) - 2015
The Middle East and Central Asia’s economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region’s generally low living standards. Why? And is it possible to alter this...
Persistent link: https://www.econbiz.de/10011242348
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Liquidity Trap and Excessive Leverage
Korinek, Anton; Simsek, Alp - International Monetary Fund (IMF) - 2014
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974
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Reforming Tax Expenditures in Italy: What, Why, and How?
Tyson, Justin - International Monetary Fund (IMF) - 2014
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
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Fiscal Decentralization and the Efficiency of Public Service Delivery
Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
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Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...
Persistent link: https://www.econbiz.de/10011123850
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On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
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Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Turk, Rima - International Monetary Fund (IMF) - 2015
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage …
Persistent link: https://www.econbiz.de/10011242231
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Fiscal Frameworks for Resource Rich Developing Countries
Poplawski-Ribeiro, Marcos; Villafuerte, Mauricio; … - International Monetary Fund (IMF) - 2012
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010878428
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Income Inequality and Fiscal Policy
Coady, David; Gupta, Sanjeev - International Monetary Fund (IMF) - 2012
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010878430
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A Quality of Growth Index for Developing Countries: A Proposal
Mlachila, Montfort; Tapsoba, Rene; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014
This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990-2011. The approach is premised on the fact that not all growth is created...
Persistent link: https://www.econbiz.de/10010959472