Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive...

Cover -- Contents -- Abstract -- I. Introduction -- II. Literature Overview -- III. Methodological Notes -- A. The DSGE Model -- B. Event Study -- C. Regression Analysis -- IV. Results -- A. Inflation -- B. Real Depreciation -- C. Growth -- D. Consumption -- E. Investment -- F. External Balances...

This paper investigates possible drivers of volatility in the South African rand since the onset of the global financial crisis. We assess the role played by local and international economic surprises, commodity price volatility, global market risk perceptions, and local political uncertainty....

This paper examines the financial position of the key sectors of the Dominican Republic. It contributes to macroeconomic surveillance by identifying financial interlinkages and vulnerabilities through the balance sheet approach. The balance sheet of the economy has been weakening, particularly...