We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …

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 …

There is now a substantial theoretical literature arguing that inflation impedes financial deepening. Furthermore, it … has been hypothesized that the relationship is a nonlinear one, in that there is a threshold level of inflation below … which inflation has a positive effect on financial depth, but above which the effect turns negative. Using a large cross …

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but …, reduces world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby …

In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the … international organizations attempted to assess the "greenness" of the fiscal policy response of the world's largest economies. This …