International Monetary Fund (IMF)

Policy Discussion Papers

Paper Type:

World Economic Outlook, April 2018: Cyclical Upswing, Structural Change

The global economic upswing that began around mid-2016 has become broader and stronger. This new World Economic Outlook report projects that advanced economies as a group will continue to expand above...

Section: General

by International Monetary Fund [IMF] | On 01 Apr 2018

The Influence of Gender Budgeting in Indian States on Gender Inequality and Fiscal Spending

This study investigates the effect of gender budgeting in India on gender inequality and fiscal spending. Gender budgeting is an approach to budgeting in which governments use fiscal policies and ad...

Section: Working Papers

by Janet G Stotsky | On 01 Nov 2016

Spillover Effects of Exchange Rates: A Study of the Renminbi

This paper estimates the impact of China’s exchange rate changes on exports of competitor countries in third markets, which is called as the “spillover effect. Recent theory is used to develop an id...

Section: Working Papers

by Aaditya Mattoo | On 01 Mar 2012

Causes of Asset Shortages in Emerging Markets

In this paper it has been illustrated that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. Then the asset shortage in EMs...

Section: General

by Chen Jiaqian | On 01 May 2011

The Consolidated Medium-Term Income and Expenditure Framework: Prepared by the Finance Department and the Office of Budget and Planning

This paper updates the Fund’s consolidated income and expenditure outlook from the projections in January 2011. The paper incorporates and extends the income and budget projections in the companion...

Section: General

by International Monetary Fund | On 13 Apr 2011

Framework Administered Account for Selected Fund Activities: World Bank Subaccount for Selected Fund Activities

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund Activities (the “SFA Instrument”). The financing of activities u...

Section: General

by International Monetary Fund | On 21 Mar 2011

Staff Guidance Note on Debt Limits in Fund-Supported Programs

In August 2009, the Executive Board approved new guidelines on external debt limits in Fund-supported programs. Debt limits seek to prevent the build-up of unsustainable debts, while allowing for adeq...

Section: General

by International Monetary Fund | On 18 Dec 2009

Controlled Capital Account Liberalisation: A Proposal

This paper outlines a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion o...

Section: General

by Eswar S. Prasad | On 01 Oct 2005

What Undermines Aid’s Impact on Growth?

Why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. A possible offset to the beneficial effects of aid is examined using a meth...

Section: Working Papers

by Raghuram G. Rajan | On 01 Jun 2005

Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities

The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to...

Section: General

by Mark Zelmer | On 01 Dec 2001