Showing 1 - 10 of 233
This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...
Persistent link: https://www.econbiz.de/10014395310
This paper develops a new index which provides early warning signals of a growth crisis in the event of large external shocks in low-income countries. Multivariate regression analysis and a univariate signaling approach are used to map information from a parsimonious set of underlying policy,...
Persistent link: https://www.econbiz.de/10013083626
This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement-primarily through successive medium-term programs under the...
Persistent link: https://www.econbiz.de/10014411711
This study explores whether IMF-supported programs in low-income countries (LICs) catalyze Official Development Assistance (ODA). Based on a comprehensive set of ODA measures and using Propensity Score Matching approach to address selection bias, we show that programs addressing policy or...
Persistent link: https://www.econbiz.de/10014411810
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks...
Persistent link: https://www.econbiz.de/10014402222
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation...
Persistent link: https://www.econbiz.de/10014412050
Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural...
Persistent link: https://www.econbiz.de/10014394457
This paper documents the expanding economic linkages between low-income countries (LICs) and a narrow group of ""Emerging Market leaders"" that have become major players in regional and global trade and financial flows. VAR models show that these linkages have increased the share of growth...
Persistent link: https://www.econbiz.de/10014396953
This paper develops a cost-benefit approach that helps to quantify the optimal level of international reserves in low-income countries, focusing on the role of reserves in preventing and mitigating absorption drops triggered by large external shocks. The approach is applied to a sample of 49...
Persistent link: https://www.econbiz.de/10014397895
This paper examines key aspects of the ongoing decentralisation process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macroeconomic performance. We discuss three critical principles of a sound and...
Persistent link: https://www.econbiz.de/10015171021