Macroeconomic Research In Low Income Countries

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Macroeconomic Research in Low-income Countries

Hites Ahir,Hendre Garbers,Mattia Coppo,Mr.Giovanni Melina,Mr.Futoshi Narita,Ms.Filiz D Unsal,Vivian Malta,Xin Tang,Daniel Gurara,Luis-Felipe Zanna,Linda G. Venable,Mr.Kangni R Kpodar,Mr.Chris Papageorgiou
Macroeconomic Research in Low income Countries Book PDF

Author : Hites Ahir,Hendre Garbers,Mattia Coppo,Mr.Giovanni Melina,Mr.Futoshi Narita,Ms.Filiz D Unsal,Vivian Malta,Xin Tang,Daniel Gurara,Luis-Felipe Zanna,Linda G. Venable,Mr.Kangni R Kpodar,Mr.Chris Papageorgiou
Publisher : International Monetary Fund
Page : 76 pages
File Size : 46,6 Mb
Release : 2021-03-24
Category : Business & Economics
ISBN : 9781513566603

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Macroeconomic Research in Low-income Countries by Hites Ahir,Hendre Garbers,Mattia Coppo,Mr.Giovanni Melina,Mr.Futoshi Narita,Ms.Filiz D Unsal,Vivian Malta,Xin Tang,Daniel Gurara,Luis-Felipe Zanna,Linda G. Venable,Mr.Kangni R Kpodar,Mr.Chris Papageorgiou Pdf

Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues.

IMF Macroeconomic Research on Low-Income Countries

International Monetary Fund
IMF Macroeconomic Research on Low Income Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 130 pages
File Size : 40,8 Mb
Release : 2004-01-30
Category : Business & Economics
ISBN : 1589062736

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IMF Macroeconomic Research on Low-Income Countries by International Monetary Fund Pdf

Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.

Emerging from the Global Crisis - Macroeconomic Challenges Facing Low-Income Countries

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept.,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department
Emerging from the Global Crisis Macroeconomic Challenges Facing Low Income Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept.,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 63 pages
File Size : 41,5 Mb
Release : 2010-05-10
Category : Business & Economics
ISBN : 9781498336734

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Emerging from the Global Crisis - Macroeconomic Challenges Facing Low-Income Countries by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Research Dept.,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department Pdf

While the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. The crisis affected LICs not so much through the terms of trade or global interest rates, but rather through a sharp contraction in export demand, foreign direct investment, and remittances (oil exporters also suffered from a sharp fall in oil prices). LICs saw the sharpest decline in their economic growth rate over the last four decades. However, this slowdown followed a period of strong expansion, and real per capita GDP growth has generally held up in LICs, remaining well above growth in richer countries.

Macro-Structural Policies and Income Inequality in Low-Income Developing Countries

Ms.Stefania Fabrizio,Davide Furceri,Mr.Rodrigo Garcia-Verdu,Bin Grace Li,Mrs.Sandra V Lizarazo Ruiz,Ms.Marina Mendes Tavares,Mr.Futoshi Narita,Adrian Peralta-Alva
Macro Structural Policies and Income Inequality in Low Income Developing Countries Book PDF

Author : Ms.Stefania Fabrizio,Davide Furceri,Mr.Rodrigo Garcia-Verdu,Bin Grace Li,Mrs.Sandra V Lizarazo Ruiz,Ms.Marina Mendes Tavares,Mr.Futoshi Narita,Adrian Peralta-Alva
Publisher : International Monetary Fund
Page : 42 pages
File Size : 48,6 Mb
Release : 2017-01-26
Category : Business & Economics
ISBN : 9781475566222

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Macro-Structural Policies and Income Inequality in Low-Income Developing Countries by Ms.Stefania Fabrizio,Davide Furceri,Mr.Rodrigo Garcia-Verdu,Bin Grace Li,Mrs.Sandra V Lizarazo Ruiz,Ms.Marina Mendes Tavares,Mr.Futoshi Narita,Adrian Peralta-Alva Pdf

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries’ ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive.

Macroeconomic Policy Frameworks for Resource-Rich Developing Countries - Background Paper 1

International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Research Dept.,International Monetary Fund. Western Hemisphere Dept.,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. European Dept.,International Monetary Fund. African Dept.,World Bank
Macroeconomic Policy Frameworks for Resource Rich Developing Countries Background Paper 1 Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Research Dept.,International Monetary Fund. Western Hemisphere Dept.,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. European Dept.,International Monetary Fund. African Dept.,World Bank
Publisher : International Monetary Fund
Page : 75 pages
File Size : 43,8 Mb
Release : 2012-08-24
Category : Business & Economics
ISBN : 9781498339988

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Macroeconomic Policy Frameworks for Resource-Rich Developing Countries - Background Paper 1 by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund. Research Dept.,International Monetary Fund. Western Hemisphere Dept.,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. European Dept.,International Monetary Fund. African Dept.,World Bank Pdf

This paper provides deeper insights on a few themes with regard to the experience with macroeconomic management in resource-rich developing countries (RRDCs). First, some stylized facts on the performance of these economies relative to their non-resource peers are provided. Second, the experience of Fund engagement in these economies with respect to surveillance, programs, and technical assistance is assessed. Third, the experience of selected countries with good practices in the management of the natural resource wealth is presented. Fourth, the experience of IMF advice in helping RRDCs set up resource funds is discussed. Finally, the main themes and messages from the IMF staff consultation with external stakeholders (CSOs, policy makers, academics) are presented.

Macroeconomic Developments and Prospects In Low-Income Countries—2021

International Monetary,International Monetary Fund. Strategy, Policy, & Review Department
Macroeconomic Developments and Prospects In Low Income Countries 2021 Book PDF

Author : International Monetary,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 48 pages
File Size : 53,8 Mb
Release : 2021-03-30
Category : Business & Economics
ISBN : 9781513575858

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Macroeconomic Developments and Prospects In Low-Income Countries—2021 by International Monetary,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This paper is the sixth in a series that examines macroeconomic developments and prospects in low-income countries (LICs). LICs are defined in this report as the countries eligible to PRGT facilities (69 countries). The first section of the paper discusses recent macroeconomic developments and trends across LICs. The second section estimates LICs’ financing needs up to 2025 to resume and accelerate their income convergence with advanced economies (AEs). It does this by estimating the additional financing that would enable LICs to step up spending response to COVID, including vaccination needs, while rebuilding or keeping external buffers to enhance resilience, and then the paper considers the financing needed to allow LICs to accelerate convergence with AEs. The paper then discusses a mix of financing options, including concessional financing from the international financial institutions, grants and loans from bilateral donors, private financing and debt operations, but also domestic reforms within LICs themselves as a key component to foster growth, enhance private investment, raise public revenues, and increase efficiency of spending.

IMF-Supported Programs in Low Income Countries

Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
IMF Supported Programs in Low Income Countries Book PDF

Author : Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani
Publisher : International Monetary Fund
Page : 64 pages
File Size : 46,8 Mb
Release : 2014-01-15
Category : Business & Economics
ISBN : 9781484359433

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IMF-Supported Programs in Low Income Countries by Mr.Christian Mumssen,Yasemin Bal-Gunduz,Mr.Christian Ebeke,Ms.Linda Kaltani Pdf

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs and disentangle the different effects of IMF longer-term engagement and short-term financing using a propensity score matching approach to control for selection bias. Our results indicate that longer-term IMF support (at least five years of program engagement per decade) helped LICs sustain economic growth and boost resilience by building fiscal buffers. Interestingly, the size of IMF financing has no significant impact on economic growth, possibly pointing to the prominent role of IMF policy advice and institutional capacity building in the context of longer-term engagement. We also present evidence that the short-term IMF engagement through augmentations of existing programs or short-term and emergency facilities is positively associated with a wide range of macroeconomic outcomes. Notably, the IMF financial support has the greatest impact on short-term growth when LICs are faced with substantial macroeconomic imbalances or exogenous shocks.

Macroeconomic Structural Policies and Income Inequality in Low-Income Developing Countries

MsStefania Fabrizio
Macroeconomic Structural Policies and Income Inequality in Low Income Developing Countries Book PDF

Author : MsStefania Fabrizio
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2017
Category : Birth control
ISBN : OCLC:1382700353

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Macroeconomic Structural Policies and Income Inequality in Low-Income Developing Countries by MsStefania Fabrizio Pdf

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries' ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive.

Sustaining Long-Run Growth and Macroeconomic Stability in Low Income Countries - The Role of Structural Transformation and Diversification - Background Notes

International Monetary Fund
Sustaining Long Run Growth and Macroeconomic Stability in Low Income Countries The Role of Structural Transformation and Diversification Background Notes Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 107 pages
File Size : 43,8 Mb
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781498343664

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Sustaining Long-Run Growth and Macroeconomic Stability in Low Income Countries - The Role of Structural Transformation and Diversification - Background Notes by International Monetary Fund Pdf

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Macroeconomic Developments and Prospects in Low-Income Developing Countries

International Monetary Fund. Strategy, Policy, & Review Department
Macroeconomic Developments and Prospects in Low Income Developing Countries Book PDF

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 76 pages
File Size : 40,7 Mb
Release : 2018-03-22
Category : Business & Economics
ISBN : 9781498307291

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Macroeconomic Developments and Prospects in Low-Income Developing Countries by International Monetary Fund. Strategy, Policy, & Review Department Pdf

"This paper is the fourth in a series that examines macroeconomic developments and prospects in Low Income Developing Countries (LIDCs). LIDCs are Fund member countries where gross national income (GNI) per capita lies below a threshold level and where external financial linkages and socioeconomic indicators have not lifted them into emerging market status. There are 59 countries in the LIDC grouping, accounting for about one-fifth of the world’s population and 4 percent of global output. The paper examines macroeconomic trends across LIDCs in recent years, contrasting key features of the current situation with the period prior to the 2014 decline in commodity prices. Particular attention is given to the evolution of fiscal positions and public debt levels, including detailed analysis of the drivers of debt accumulation and the current severity of debt vulnerabilities. The analysis is grounded in, and draws on, the analysis and databases used to compile the World Economic Outlook: this report drills down into the WEO database to look in detail at the experience of LIDCs."

Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Mr.Rabah Arezki,Ms.Catherine A. Pattillo,Mr.Marc Quintyn,Min Zhu
Commodity Price Volatility and Inclusive Growth in Low Income Countries Book PDF

Author : Mr.Rabah Arezki,Ms.Catherine A. Pattillo,Mr.Marc Quintyn,Min Zhu
Publisher : International Monetary Fund
Page : 408 pages
File Size : 43,9 Mb
Release : 2012-10-24
Category : Business & Economics
ISBN : 9781475545197

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Commodity Price Volatility and Inclusive Growth in Low-Income Countries by Mr.Rabah Arezki,Ms.Catherine A. Pattillo,Mr.Marc Quintyn,Min Zhu Pdf

In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic growth. However, many are now facing enormous difficulties because of rapidly rising food and fuel prices, with the threat of millions of people being pushed into poverty around the globe. The risk of continued food price volatility is a systemic challenge, and a failure in one country has been shown to have a profound impact on entire regions. This volume addresses the challenges of commodity price volatility for low-income countries and explores some macroeconomic policy options for responding to commodity price shocks. The book then looks at inclusive growth policies to address inequality in commodity-exporting countries, particularly natural resource rich countries. Perspectives from the Middle East and North Africa, sub-Saharan Africa, emerging Asia, and Mexico are presented and, finally, the role of the international donor community is examined. This volume is a must read for policymakers everywhere, from those in advanced, donor countries to those in countries with the poorest and most vulnerable populations.

Emerging from the Global Crisis

International Monetary Fund
Emerging from the Global Crisis Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 114 pages
File Size : 50,9 Mb
Release : 2011-02-22
Category : Business & Economics
ISBN : 9781616350734

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Emerging from the Global Crisis by International Monetary Fund Pdf

Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. Emerging from the Global Crisis explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario.

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

International Monetary Fund
Evolving Monetary Policy Frameworks in Low Income and Other Developing Countries Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 45,6 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9781498344067

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Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by International Monetary Fund Pdf

Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.

Contextual Development Economics

Matthias P. Altmann
Contextual Development Economics Book PDF

Author : Matthias P. Altmann
Publisher : Springer Science & Business Media
Page : 298 pages
File Size : 55,9 Mb
Release : 2010-11-16
Category : Business & Economics
ISBN : 9781441972316

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Contextual Development Economics by Matthias P. Altmann Pdf

Poverty still persists in today’s low-income countries despite decades of international aid, and extensive research on the determinants of growth and development. The book argues that meeting this challenge requires a holistic understanding of the context-specific factors that influence economic behavior and structures in poor countries. Contextual Development Economics approaches this task by offering a methodology that allows analysing the dynamic interrelations between economic, cultural and historical determinants of economic life in low-income countries. The book starts with an empirical inquiry into the economic characteristics of low-income countries that create the context by which the specific forms of organising economic activity in these countries are determined. It then looks at how different generations of development economists sought to explain economic realities in low-income countries from the 1940s through today. The book finally synthesises the results from this empirical and methodological analysis with insights from an inquiry into contributions of the German Historical School, from which it borrows the concept of the economic style as a methodological alternative to the universal and hence often irrelevant models of mainstream development economics. This book offers a promising perspective for the future of development economics that will be of interest to researchers and development practitioners alike. It will also be relevant for academics and students with an interest in applications of the method and concepts of the Historical School to contemporary problems.

Towards Human Development

Giovanni Andrea Cornia,Frances Stewart
Towards Human Development Book PDF

Author : Giovanni Andrea Cornia,Frances Stewart
Publisher : OUP Oxford
Page : 328 pages
File Size : 45,7 Mb
Release : 2014-04-17
Category : Business & Economics
ISBN : 9780191016288

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Towards Human Development by Giovanni Andrea Cornia,Frances Stewart Pdf

Human Development is widely recognised as the overriding goal of development, yet its realization is challenged by growing inequality, macro-economic fluctuations, and recurrent financial crises. This edited collection reflects on the work of Richard Jolly and includes contributions from leading scholars of development, all of whom have worked with Richard Jolly at varying points in his distinguished career. The volume advances thinking in the area of Human Development by discussing the evolution of its conceptualization and the policy implications, and the achievements in related key areas such as education, social protection, and employment. It juxtaposes these theoretical and (at times) real life improvements with disturbing developments in terms of growing inequality and macro-economic instability. It documents the growing income inequality which has characterized both developing and developed countries. It shows that there has been a decline in some countries and identifies the policies adopted in these exceptional cases. It also shows also where and how public expenditure on Human Development in developing countries has been affected by the 2008 financial crisis and presents a new framework for a pro-growth pro-Human Development macro-economics, including suggestions for the countercyclical regulation of financial flows. The book also argues that a series of disruptive factors are nudging the innovation trajectory in new potentially pro-poor and pro-Human Development directions, especially if policies speed-up the diffusion of new efficient appropriate technologies in low and middle income economies.