Narrow Your Choices

Refine By Type

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Search Results

You are looking at 1 - 10 of 111 items for :

  • "GDP effect" x
Clear All
Cover IMF Working Papers
Front Matter
Berkay Akyapi, Mr. Matthieu Bellon, and Emanuele Massetti

of macro-fiscal variables A.4 Summary statistics of climate variables A.5 Correlation Matrix Between Baseline Variables A.6 Summary statistics for sub-groups A.7 Climate variables selected by LASSO after the random search and their GDP effect: baseline specification A.8 Climate variables selected by LASSO after the random search and their GDP effect: without year effects A.9 Climate variables selected by LASSO after the random search and their GDP effect: with quadratic trends A.10 Climate variables selected by LASSO after the random search and their

Keywords:
weather variable; weather shock; GDP effect; weather observation; Climate change; Global
Cover IMF Working Papers
The Sources of Fiscal Fluctuations
Antoine Levy, Mr. Luca A Ricci, and Alejandro M. Werner
This paper assesses the dynamic impact of global macroeconomic conditions, commodity price movements, shifts in portfolio preferences, and domestic shocks on fiscal outcomes—notably the budget deficit, its main components, and debt—across a wide range of countries. Heterogeneity is investigated across the level of development and other structural characteristics. Dynamics are explored via panel local projections, while robustness is assessed via dynamic panel and system GMM regressions. World growth, financial risk appetite, political events, and commodity export prices are key determinants of fiscal outcomes in EM, while domestic growth, commodity import prices, and banking crises appear to matter more in AE. Our estimates help quantify the amount of fiscal risk generated by various factors, and thus provide inputs for the design of potential insurance mechanisms or state-contingent debt instruments that could assist in smoothing fiscal fluctuations.
Keywords:
fiscal; deficit; debt; fluctuations; insurance; sovereign; WP; GDP ratio; expenditure ratio; standard deviation; terms of trade; commodity exporter; GDP effect; GDP-indexed bond; trade balance