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Debate the Issues: New Approaches to Economic Challenges

by Collectif

To capitalise on the new international resolve epitomised by COP21 and the agreement on the universal Sustainable Development Goals (SDGs) requires a renewed effort to promote new policy thinking and new approaches...

Gaining Currency

Re-Imagining Capitalism

Dictators, Democrats, and Development in Southeast Asia

Entrepreneurship in the Gulf Cooperation Council: Guidelines for Starting and Managing Businesses

by Alexandrina Maria Pauceanu

Entrepreneurship in the Gulf Cooperation Council: Entrepreneurship in the Gulf Cooperation Council promotes a practical approach to starting businesses, and is useful not only for students, but also to anyone...

Seoul Man

by Frank Ahrens

Recounting his three years in Korea, the highest-ranking non-Korean executive at Hyundai sheds light on a business culture very few Western journalists ever experience, in this revealing, moving, and hilarious...

Institutional Reform and Diaspora Entrepreneurs

Women's Opportunities and Challenges in Sub-Saharan African Job Markets

by Christine, Ms. Dieterich & Anni Huang

As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA countries...

The Impact of Trade Agreements

by Swarnali Ahmed Hannan

The Trans-Pacific Partnership (TPP) has reinvigorated research on the ex-ante impact of trade agreements. The results from these ex-ante models are subject to considerable uncertainties, and needs to be complimented...

Investing in Electricity, Growth, and Debt Sustainability

by Michele Andreolli & Aidar Abdychev

This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general...

Product Market Deregulation and Growth

by Romain Bouis & Romain A, Mr. Duval

The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform...

The Consequences of Policy Uncertainty

by Sandile Hlatshwayo & Magnus, Mr. Saxegaard

In recent years, the link between the real effective exchange rate (REER) and exports in South Africa has weakened. While exports still rise in response to REER depreciations, the REER-export elasticity is below...

What Does Aid Do to Fiscal Policy? New Evidence

by Jean-Louis Combes

Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. This paper revisits fiscal effects of shifts in aid dependency...

Inequality, Gender Gaps and Economic Growth

by Dalia S, Ms. Hakura & Mumtaz, Mr. Hussain

A growing body of empirical evidence suggests that inequality-income or gender related-can impede economic growth. Using dynamic panel regressions and new time series data, this paper finds that both income...

Chinese Imports

by Joong Shik Kang & Wei Liao

Real imports in China have decelerated significantly over the last two years to below 4 percent (yoy) from double-digit growth in previous years. Weaker investment, partly due to progress in rebalancing from...

Investing to Mitigate and Adapt to Climate Change

by Anthony Bonen & Prakash, Mr. Loungani

We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How...


by International Monetary Fund. Euro Dept.

Portugal has achieved a major economic turnaround since the onset of the sovereign debt crisis. Access to financing was restored following the large fiscal adjustment, the external current account position has...

Russian Federation: Financial Assessment Program

by International Monetary Fund. Euro Dept.

The Central Bank of the Russian Federation (CBR) has recently completed a two-year process of assuming the powers and functions of the previous "standalone" regulator of the securities markets and the insurance...

Fiscal Rules for Resource Windfall Allocation

by Keyra Primus

Managing resource revenues is a critical policy issue for small open resource-rich countries. This paper uses an open economy dynamic stochastic general equilibrium model to analyze the transmission of resource...

Regulating Local Government Financing Vehicles and Public-Private Partnerships in China

by Hui Jin & Isabel Rial

In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government...