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Emissions and Growth: Trends and Cycles in a Globalized World

Emissions and Growth: Trends and Cycles in a Globalized World »

Volume/Issue: 2017/191

Series: IMF Working Papers

Author(s): Gail Cohen , João Tovar Jalles , Prakash Loungani , and Ricardo Marto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2017

DOI: http://dx.doi.org/10.5089/9781484316702.001

ISBN: 9781484316702

Keywords: Environmental policy, Developing countries, Developed countries, Globalization, Greenhouse gas emissions, Gross domestic product, Cross-country analysis, Emissions, Environmental Okuns Law, Environmental Kuznets Curve

Recent discussions of the extent of decoupling between greenhouse gas (GHG) emissions and real gross domestic product (GDP) provide mixed evidence and have generated much debate. We show that to get a clear picture...

Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence »

Volume/Issue: 2017/169

Series: IMF Working Papers

Author(s): Mai Chi Dao , Mitali Das , Zsoka Koczan , and Weicheng Lian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2017

DOI: http://dx.doi.org/10.5089/9781484311042.001

ISBN: 9781484311042

Keywords: labor share, routinization, automation, global value chains, Aggregate Factor Income Distribution, Globalization: Labor, Technological Change: Choices and Consequences

This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assemble...

Fiscal Reforms, Long-term Growth and Income Inequality

Fiscal Reforms, Long-term Growth and Income Inequality »

Volume/Issue: 2017/145

Series: IMF Working Papers

Author(s): Santiago Acosta Ormaechea , Takuji Komatsuzaki , and Carolina Correa-Caro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2017

DOI: http://dx.doi.org/10.5089/9781484303689.001

ISBN: 9781484303689

Keywords: Fiscal policy, Synthetic Control Method, Structural Reform, General, Comparative Studies of Countries

We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evalu...

Inclusive Growth Framework

Inclusive Growth Framework »

Volume/Issue: 2017/127

Series: IMF Working Papers

Author(s): Alexei Kireyev , and Jingyang Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2017

DOI: http://dx.doi.org/10.5089/9781484302156.001

ISBN: 9781484302156

Keywords: growth, inclusiveness, inequality, povery reduction, General, Aggregate Factor Income Distribution, Measurement and Analysis of Poverty

The paper suggests an operationally usable framework for the evaluation of growth inclusiveness-the inclusive growth framework (IGF). Based on the data on growth, poverty, and inequality, the framework allows for t...

Income Inequality and Education Revisited
			: Persistence, Endogeneity, and Heterogeneity

Income Inequality and Education Revisited : Persistence, Endogeneity, and Heterogeneity »

Volume/Issue: 2017/126

Series: IMF Working Papers

Author(s): David Coady , and Allan Dizioli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 May 2017

DOI: http://dx.doi.org/10.5089/9781475595741.001

ISBN: 9781475595741

Keywords: Income inequality, Government expenditures and education, Education inequality, education levels, General, Education and Inequality

This paper presents new results on the relationship between income inequality and education expansion-that is, increasing average years of schooling and reducing inequality of schooling. When dynamic panel estimati...

International Financial Integration in the Aftermath of the Global Financial Crisis

International Financial Integration in the Aftermath of the Global Financial Crisis »

Volume/Issue: 2017/115

Series: IMF Working Papers

Author(s): Philip Lane , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2017

DOI: http://dx.doi.org/10.5089/9781484300336.001

ISBN: 9781484300336

Keywords: Foreign exchange, International financial integration, financial globalization

This paper documents the evolution of international financial integration since the global financial crisis using an updated dataset on external assets and liabilities, covering over 210 economies for the period 19...

Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis

Central Bank Legal Frameworks in the Aftermath of the Global Financial Crisis »

Volume/Issue: 2017/101

Series: IMF Working Papers

Author(s): Ashraf Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2017

DOI: http://dx.doi.org/10.5089/9781475595802.001

ISBN: 9781475595802

Keywords: Financial crisis, Financial stability, Governance, Central banking, law, financial supervision, independence, autonomy, monetary policy, International Relations and International Political Economy: General

Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countri...

IMF Research Bulletin, March 2017

IMF Research Bulletin, March 2017 »

Volume/Issue: 18/1

Series: IMF Research Bulletin

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2017

DOI: http://dx.doi.org/10.5089/9781475595291.026

ISBN: 9781475595291

Keywords: Trade, Financial services, Financial services industry, Foreign trade, China, Africa, Income distribution, income; polarization, inequality, wealth

This issue of the IMF Research Bulletin features recommended readings from IMF Publications and an update on recent IMF Working Papers and IMF Staff Discussion Notes. It also includes a special announcement welcomi...

Growth Inclusiveness in Djibouti

Growth Inclusiveness in Djibouti »

Volume/Issue: 2017/93

Series: IMF Working Papers

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2017

DOI: http://dx.doi.org/10.5089/9781475594720.001

ISBN: 9781475594720

Keywords: Middle East, Djibouti, growth, inclusiveness, inequality, povery reduction, General, Aggregate Factor Income Distribution, Measurement and Analysis of Poverty

The paper examines the poverty-reducing and distributional characteristics of Djibouti's economic growth, and discusses policies that might help make growth more inclusive. It covers the period between 2002 and 201...

Gone with the Headwinds
			: Global Productivity

Gone with the Headwinds : Global Productivity »

Volume/Issue: 2017/4

Series: Staff Discussion Notes

Author(s): Gustavo Adler , Romain Duval , Davide Furceri , Sinem K?l?ç Çelik , Ksenia Koloskova , and Marcos Poplawski-Ribeiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2017

DOI: http://dx.doi.org/10.5089/9781475589672.006

ISBN: 9781475589672

Keywords: Labor productivity, Total factor productivity, Economic growth, Financial crisis, Fiscal policy, Labor Productivity, Total factor Productivity, Growth

Productivity growth-the key driver of living standards-fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, thi...