The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by -3 percent in 2020, much worse than during the 2008-09...

The paper briefs the Executive Board on the initial considerations on CBDC. These cover a framework to guide countries' CBDC exploration, as well as implications for monetary policy transmission, capital flow management measures, and financial inclusion

The Research Summaries in this issue of the IMF Research Bulletin cover 'Tax Capacity and Growth' (by Vitor Gaspar, Laura Jaramillo, and Philippe Wingender), and 'U.S. Shale Revolution and Its Spillover Effects on the Global Economy' (Ravi Balakrishnan, Keiko Honjo, Akito Matsumoto, and Andrea...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the Fund and also provides a listing of research documents and other research-related activities at the Fund, including conferences and seminars. The bulletin is...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to...