Macroeconomics for Professionals

Macroeconomics for Professionals
Author: Leslie Lipschitz
Publisher: Cambridge University Press
Total Pages: 312
Release: 2019-01-23
Genre: Business & Economics
ISBN: 1108568467

Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.

IMF Research Perspectives

IMF Research Perspectives
Author: Ms.Sweta Chaman Saxena
Publisher: International Monetary Fund
Total Pages: 18
Release: 2018-06-18
Genre: Business & Economics
ISBN: 1484362241

IMF Research Perspective (formerly published as IMF Research Bulletin) is a new, redesigned online newsletter covering updates on IMF research. In the inaugural issue of the newsletter, Hites Ahir interviews Valeria Cerra; and they discuss the economic environment 10 years after the global financial crisis. Research Summaries cover the rise of populism; economic reform; labor and technology; big data; and the relationship between happiness and productivity. Sweta C. Saxena was the guest editor for this inaugural issue.

International Financial Statistics Yearbook, 2018

International Financial Statistics Yearbook, 2018
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
Total Pages: 1471
Release: 2018-08-01
Genre: Business & Economics
ISBN: 1484354281

This 2018 yearbook issue of International Financial Statistics (IFS) is a standard source of statistics on all aspects of international and domestic finance. The IMF publishes calculated effective exchange rates data only for countries that have given their approval. The country, euro area, and world tables provide measures of effective exchange rates, compiled by the IMF’s Research Department, Statistics Department, and area departments. The real effective exchange rate index in line rec is derived from the nominal effective exchange rate index, adjusted for relative changes in consumer prices. Consumer price indices, often available monthly, are used as a measure of domestic costs and prices for these countries.

The Currency of Confidence

The Currency of Confidence
Author: Stephen C. Nelson
Publisher: Cornell University Press
Total Pages: 367
Release: 2017-02-07
Genre: Political Science
ISBN: 1501708295

The IMF is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, Stephen C. Nelson suggests, and its professional staff emerged from an insular set of American-trained economists. The IMF treats countries differently depending on whether that staff trusts the country's top officials; that trust in turn depends on the educational credentials of the policy team that Fund officials face across the negotiating table. Intellectual differences thus lead to lasting economic effects for the citizens of countries seeking IMF support.Based on deep archival research in IMF archives and personnel files, Nelson argues that the IMF has been the Johnny Appleseed of neoliberalism: neoliberal policymakers sprout and take root in countries that have spent recent decades living under the Fund’s conditional lending arrangements. Nelson supports his argument through quantitative measures and illustrates the dynamics of relations between the Fund and client countries in a detailed examination of newly available archives of four periods in Argentina’s long and often bitter relations with the IMF. The Currency of Confidence ends with Nelson’s examination of how the IMF emerged from the global financial crisis as an unexpected victor.

Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?

Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?
Author: Leandro Medina
Publisher: International Monetary Fund
Total Pages: 114
Release: 2018-01-25
Genre: Business & Economics
ISBN: 1484339177

We undertake an extended discussion of the latest developments about the existing and new estimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. Strengths and weaknesses of these methods are assessed and a critical comparison and evaluation of the methods is carried out. The average size of the shadow economy of the 158 countries over 1991 to 2015 is 31.9 percent. The largest ones are Zimbabwe with 60.6 percent, and Bolivia with 62.3 percent of GDP. The lowest ones are Austria with 8.9 percent, and Switzerland with 7.2 percent. The new methods, especially the new macro method, Currency Demand Approach (CDA) and Multiple Indicators Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric standpoint, alongside some new micro estimates. These estimations come quite close to others used by statistical offices or based on surveys.

Recognizing Reality—Unification of Official and Parallel Market Exchange Rates

Recognizing Reality—Unification of Official and Parallel Market Exchange Rates
Author: Mr.Simon T Gray
Publisher: International Monetary Fund
Total Pages: 45
Release: 2021-02-05
Genre: Business & Economics
ISBN: 1513568639

Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel exchange rate market develops, in such circumstances; and when the spread between the official and parallel rates is both substantial and sustained, price levels in the economy typically reflect the parallel market exchange rate. “Recognizing reality” by allowing economic agents to use a market clearing rate benefits economic activity without necessarily leading to more inflation. But a unified, market-clearing exchange rate will not stabilize without a supportive fiscal and monetary context. A number of country case studies are included; my thanks to Jie Ren for pulling together all the data for the country case studies, and the production of the charts.

IMF Research Perspectives

IMF Research Perspectives
Author: Mr.Itai Agur
Publisher: International Monetary Fund
Total Pages: 21
Release: 2021-01-12
Genre: Business & Economics
ISBN: 1513564080

Where do we go from here? The Fall-Winter 2020 issue of the IMF Research Perspectives considers this question and analyzes the impact of the COVID-19 pandemic. The research showcased in this issue looks at the history of social unrest in the aftermaths of pandemics, discusses the inequalities of telework, places COVID and lending conditions under the microscope, and examines how economic activity has been shaped by people’s reaction to the virus and the resulting policy measures.

The Economic Impact of International Monetary Fund Programmes

The Economic Impact of International Monetary Fund Programmes
Author: Omer Javed
Publisher: Springer
Total Pages: 146
Release: 2016-03-17
Genre: Business & Economics
ISBN: 3319291785

This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries. Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political institutional quality by taking into account a broad variety of indicators such as parliamentary forms of government, the aggregate governance level, civil and economic liberties, property rights etc. The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries. Moreover, it illustrates the effectiveness of IMF programmes in the case of Pakistan, a frequent user of IMF resources.

IMF Research Perspectives

IMF Research Perspectives
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 24
Release: 2021-08-05
Genre: Business & Economics
ISBN: 1513585789

IMF Research Perspectives: Spring/Summer 2021