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Tag Archives: spending

Checking the Receipts from Pandemic-Related Spending

By Chady El Khoury, Jiro Honda, Johan Mathisen, and Etienne Yehoue Governments around the world are playing a crucial role in providing lifelines to people and firms to help combat the pandemic and its economic fallout. To support the effectiveness of these efforts, it is important that such spending be subject to adequate transparency and accountability. The IMF presses for better governance through greater transparency. To this end, the IMF has called for ensuring transparency and...

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An Update on How Households Are Using Stimulus Checks

Olivier Armantier, Leo Goldman, Gizem Koşar, and Wilbert van der Klaauw In October, we reported evidence on how households used their first economic impact payments, which they started to receive in mid-April 2020 as part of the CARES Act, and how they expected to use a second stimulus payment. In this post, we exploit new survey data to examine how households used the second round of stimulus checks, issued starting at the end of December 2020 as part of the Coronavirus...

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Top 10 Charts of the Week for 2020

2020 will soon be over, and with it an incredibly trying year. The editors at IMFBlog wish you good health and peace over the holidays ahead, and into the new year. In case you missed some of the compelling facts and figures in our Charts of the Week series this year, we have pulled together your top reads. Here are the top ten charts of the week for 2020, based on your readership. 1. Global Uncertainty Related to Coronavirus at Record High 2. Unemployment in Today’s Recession Compared to...

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Chart of the WeekHow a Collective Infrastructure Push Will Boost Global Growth

By IMFBlog عربي, 中文, Español, Français, Português, Русский  With vaccines around the corner, there is increased hope that the pandemic could soon be under better control. That said, the need for cooperative efforts to work toward a better future has never been greater. Priority areas relate to the need to produce and distribute vaccines globally, tackle climate change, and bolster the economic recovery from the crisis. An IMF report published ahead of the G20 leaders meeting argues that a...

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Chart of the WeekAging Economies May Benefit Less from Fiscal Stimulus

By Jiro Honda and Hiroaki Miyamoto In the midst of the current COVID-19 pandemic, policymakers around the world are undertaking fiscal stimulus—a combination of spending increases and tax reductions—to support their economies. Even before the present crisis, the importance of fiscal policy has been increasing, with monetary policy constrained by near-zero interest rates. Our new staff research finds that age also matters when considering fiscal stimulus. Specifically, we find that...

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Asia Needs More Access to Financial Services to Grow

By  Sarwat Jahan, Elena Loukoianova, Cormac Sullivan and Yongzheng Yang September 18, 2018 中文, 日本語 A customer pays at a supermarket using her smartphone in Bangkok, Thailand: urban and rural areas in the region widely use mobile payment platforms to access financial services (photo: Li Mangmang Xinhua News Agency/Newscom) In Asia, the world’s fastest-growing region, expanding access to financial services for more people will mean higher growth, as well as lower poverty and inequality....

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Managing Debt Vulnerabilities in Low-Income and Developing Countries

By Tao Zhang March 22, 2018 Congested streets in Dhaka, Bangladesh. In a third of low-income countries, including Bangladesh, government deficits finance investment in much needed infrastructure (photo: Motoya Taguchi/Jiji Press/Newscom). Government debt in some of the world’s poorest countries is rising to risky levels, a new IMF report shows. The report looks at economic developments and prospects among the world’s low-income countries, which account for a fifth of the world’s...

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Corrosive and Costly Corruption

By IMFblog July 14, 2017  Corruption can hurt growth and ruin people’s economic chances (photo: Eugene Keebler/iStock) Corruption can lead to pervasive distrust in government, generating violence, civil strife, and conflict. And the results are devastating for people. Another problem is that corruption is costly—particularly for those who are already worse off. IMF research shows that in countries with greater levels of corruption, infant mortality and dropout rates are especially...

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Higher Policy Uncertainty Could Be Bad News for Japan’s Economy

by  Elif C. Arbatli, Steven J. Davis, and Arata Ito May 30, 2017 Policy uncertainty remains a challenge in Japan, and can harm the country’s economic performance according to a new IMF study. The good news is that credible plans for taxation, spending and structural reforms, as well as greater clarity about monetary policy can reduce uncertainty. Japan’s efforts over the past two decades to reinvigorate growth, lift wages, and minimize the risk of deflation have proved a challenge....

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The Case for Fiscal Policy to Support Structural Reforms

By Angana Banerji, Era Dabla-Norris, Romain Duval, and Davide Furceri Version in Deutsch (German) Many advanced countries need  structural reforms to make their economies more productive and raise long-term living standards.  Our new research shows that provided countries can afford it, fiscal policy, through spending or tax incentives, can help governments overcome some obstacles to the reforms, particularly in the early stages.   Structural reforms help boost employment, encourage business...

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