Volume/Issue: 2018/174
Series: IMF Working Papers
Author(s):
David Coady
, and
Delphine Prady
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
31
July
2018
DOI: http://dx.doi.org/10.5089/9781484370049.001
ISBN: 9781484370049
This paper discusses two common arguments for the adoption of a UBI; that it can be a more effective way of supporting low-income households when existing safety net programs are inefficient, and that it can genera...
Volume/Issue: 2006/103
Series: IMF Working Papers
Author(s):
Catriona Purfield
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2006
DOI: http://dx.doi.org/10.5089/9781451863635.001
ISBN: 9781451863635
This paper examines how growth has varied across India's states. It finds that (i) the income gap between rich and poor states has widened; (ii) rich and faster-growing states have been more effective in reducing p...
Volume/Issue: 1993/78
Series: IMF Working Papers
Author(s):
Karen Parker
, and
Steffen Kastner
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
October
1993
DOI: http://dx.doi.org/10.5089/9781451850055.001
ISBN: 9781451850055
This paper presents a simple macroeconomic simulation model which can be used to evaluate alternative fiscal strategies and their implications for external viability. It attempts to bridge the gap between the liter...
Volume/Issue: 2008/174
Series: IMF Working Papers
Author(s):
Zsófia Árvai
, and
Geoffrey Heenan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2008
DOI: http://dx.doi.org/10.5089/9781451870329.001
ISBN: 9781451870329
This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (...
Volume/Issue: 2000/106
Series: IMF Working Papers
Author(s):
Era Dabla-Norris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
June
2000
DOI: http://dx.doi.org/10.5089/9781451852882.001
ISBN: 9781451852882
This paper examines interactions between self-interested agents in a two-tier government hierarchy, consisting of a central authority and bureaucrats in a two-stage game, where the actions of agents affect private...
Volume/Issue: 1991/18
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
February
1991
DOI: http://dx.doi.org/10.5089/9781451843576.001
ISBN: 9781451843576
The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of in...
Volume/Issue: 2010/183
Series: IMF Working Papers
Author(s):
Muneesh Kapur
, and
Michael Patra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2010
DOI: http://dx.doi.org/10.5089/9781455202171.001
ISBN: 9781455202171
A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation...
Volume/Issue: 2007/162
Series: IMF Working Papers
Author(s):
Berthold Wigger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2007
DOI: http://dx.doi.org/10.5089/9781451867268.001
ISBN: 9781451867268
By issuing tax-exempt bonds, the government can incur debt and never pay back any principal or interest, even if the economy without public debt evolves on a dynamically efficient growth path. The welfare effects o...
Volume/Issue: 2006/178
Series: IMF Working Papers
Author(s):
Shang-Jin Wei
, and
Jiandong Ju
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2006
DOI: http://dx.doi.org/10.5089/9781451864380.001
ISBN: 9781451864380
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-se...
Volume/Issue: 2012/185
Series: IMF Working Papers
Author(s):
Arvind Virmani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2012
DOI: http://dx.doi.org/10.5089/9781475505337.001
ISBN: 9781475505337
The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history...