The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Generational accounts provide answers to a simple question: how much will future generations have to pay in net taxes as compared to today`s generations? In this paper, we review the concept of generational accounting and provide estimates for Sweden, where public finances deteriorated...

Hagemann, describing the IMF's methodology to calculate the output gap, shows that no standardised procedure is imposed for all countries, though the production function approach tends to dominate. For some countries, the estimates of the IMF are based on direct HP filtering. The HP filter is...