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World Economic Outlook, April 2019

Growth Slowdown, Precarious Recovery

The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.

World Economic Outlook, April 2019

Growth Slowdown, Precarious Recovery

The global economic expansion decelerated in the second half of 2018 with global growth projected to slow to 3.3 percent in 2019, with risks to future growth on the downside.

How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits

How Much Carbon Pricing is in Countries' Own Interests? The Critical Role of Co-Benefits »

Volume/Issue: 2014/174

Series: IMF Working Papers

Author(s): Ian Parry , Chandara Veung , and Dirk Heine

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2014

DOI: http://dx.doi.org/10.5089/9781498358279.001

ISBN: 9781498358279

Keywords: carbon pricing, co-benefits, air pollution, fuel taxes, top twenty emitters, benefits, natural gas, fossil fuel, greenhouse gas, Government Policy

This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate bene...

Unemployment and Productivity in the Long Run
			: the Role of Macroeconomic Volatility

Unemployment and Productivity in the Long Run : the Role of Macroeconomic Volatility »

Volume/Issue: 2010/259

Series: IMF Working Papers

Author(s): Paolo Surico , Luca Ricci , and Pierpaolo Benigno

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

DOI: http://dx.doi.org/10.5089/9781455209590.001

ISBN: 9781455209590

Keywords: macroeconomic volatility, downward wage rigidities, unemployment rate, employment, unemployment rates, rate of unemployment, Macroeconomics and Monetary Economics: General, Macroeconomics: Consumption, Saving, Production

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run produc...

Output and Unemployment Dynamics during the Great Recession
			: A Panel Unobserved Components Analysis

Output and Unemployment Dynamics during the Great Recession : A Panel Unobserved Components Analysis »

Volume/Issue: 2010/185

Series: IMF Working Papers

Author(s): Francis Vitek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

DOI: http://dx.doi.org/10.5089/9781455202195.001

ISBN: 9781455202195

Keywords: Output dynamics, Unemployment dynamics, World economy, Great Recession, Panel unobserved components model, unemployment rate, unemployment, domestic demand, labor demand, Open Economy Macroeconomics,

This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession. This analysis is based on a panel unobserved components model of the world economy, disaggregated...

World Economic Outlook, October 2009
			: Sustaining the Recovery

World Economic Outlook, October 2009 : Sustaining the Recovery »

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2009

DOI: http://dx.doi.org/10.5089/9781589068070.081

ISBN: 9781589068070

Keywords: monetary policy, current account, inflation, banking crises, banking

This edition of the World Economic Outlook explores the prospects for growth in the aftermath of the financial crisis. The fragile nature of the recovery will present many challenges. These include the need for con...

The Impact of Tradeon Wages
			: What If Countries Are Not Small?

The Impact of Tradeon Wages : What If Countries Are Not Small? »

Volume/Issue: 2006/155

Series: IMF Working Papers

Author(s): Ichiro Tokutsu , and Mika Saito

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

DOI: http://dx.doi.org/10.5089/9781451864151.001

ISBN: 9781451864151

Keywords: wage, skilled labor, tariff rates, intermediate inputs, Neoclassical Models of Trade, Country and Industry Studies of Trade, Trade and Labor Market Interactions, Existence and Stability Conditions of Equilibrium,

This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 i...

World Economic Outlook, September 2006
			: Financial Systems and Economic Cycles

World Economic Outlook, September 2006 : Financial Systems and Economic Cycles »

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 April 2006

DOI: http://dx.doi.org/10.5089/9781589065987.081

ISBN: 9781589065987

Keywords: debt, financial systems, interest, productivity growth, payments

The IMF's World Economic Outlook is packed with country specific facts, figures, and worldwide projections that present the outlook for growth, inflation, trade, and other economic developments in a clear, practica...

World Economic Outlook, April 2004
			: Advancing Structural Reforms

World Economic Outlook, April 2004 : Advancing Structural Reforms »

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2004

DOI: http://dx.doi.org/10.5089/9781589063372.081

ISBN: 9781589063372

Keywords: debt, interest, payments, public debt, external financing

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an...

Mauritius
			: Unemployment and the Role of Institutions

Mauritius : Unemployment and the Role of Institutions »

Volume/Issue: 2003/211

Series: IMF Working Papers

Author(s): James Yao , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

DOI: http://dx.doi.org/10.5089/9781451874860.001

ISBN: 9781451874860

Keywords: institutions, wage, skilled labor, employment, labor demand, labor market, Demand and Supply of Labor: General, Unemployment: Models, Duration, Incidence

Despite strong economic growth, a "U"-curve unemployment phenomenon in Mauritius can be observed. Unemployment plunged from 21 percent to less than 4 percent between the early 1980s and the early 1990s, but this tr...

Finance & Development, June 1995

Finance & Development, June 1995 »

Volume/Issue: 32/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1995

DOI: http://dx.doi.org/10.5089/9781451952643.022

ISBN: 9781451952643

Keywords: pension, benefits, pensions, payroll, pension plans

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...