IMF Macroeconomic Research on Low-Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Macroeconomic Research on Low-Income Countries write by International Monetary Fund. This book was released on 2004-01-30. IMF Macroeconomic Research on Low-Income Countries available in PDF, EPUB and Kindle. 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.
Macroeconomic Research in Low-income Countries
Macroeconomic Research in Low-income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroeconomic Research in Low-income Countries write by Hites Ahir. This book was released on 2021-03-24. Macroeconomic Research in Low-income Countries available in PDF, EPUB and Kindle. 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-Supported Programs in Low Income Countries
IMF-Supported Programs in Low Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF-Supported Programs in Low Income Countries write by Mr.Christian Mumssen. This book was released on 2014-01-15. IMF-Supported Programs in Low Income Countries available in PDF, EPUB and Kindle. 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.
IMF-Supported Programs and Income Convergence in Low-Income Countries
IMF-Supported Programs and Income Convergence in Low-Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF-Supported Programs and Income Convergence in Low-Income Countries write by Tejesh Pradhan. This book was released on 2018-12-13. IMF-Supported Programs and Income Convergence in Low-Income Countries available in PDF, EPUB and Kindle. Continuing the empirical debate on the effects of IMF-supported programs on participating countries’ macroeconomic performance, we focus on the issue of whether these programs accelerate conditional ß-convergence among low-income countries (LICs). We use an unbalanced panel dataset for 85 LICs over the period 1986-2015 and employ two different econometric methods to address the selection bias problem. Our empirical results suggest that the rate of conditional income per capita convergence is faster among LICs with extended IMF support than that in countries without support or with intermittent support.
The Economic Impact of IMF-Supported Programs in Low-Income Countries
The Economic Impact of IMF-Supported Programs in Low-Income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Economic Impact of IMF-Supported Programs in Low-Income Countries write by Yasemin Bal-Gunduz. This book was released on 2013-10-04. The Economic Impact of IMF-Supported Programs in Low-Income Countries available in PDF, EPUB and Kindle. 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 Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
