Fiscal multipliers are important tools for macroeconomic projections and policy design. In
many countries, little is known about the size of multipliers, as data availability limits the …

This paper proposes channels through which technological decoupling can affect global
growth, and embeds these different layers in a global dynamic macroeconomic model …

Fiscal multipliers are important tools for macroeconomic projections and policy design. In
many countries, little is known about the size of multipliers, as data availability limits the …

Corporate market power has risen in recent decades, and new estimates in this note
suggest that the likely wave of small and medium-sized enterprise bankruptcies from the …

Japan has the most rapidly aging population in the world. This affects growth and fiscal
sustainability, but the potential impact on inflation has been studied less. We use the IMF's …

The recovery in GDP growth since the global financial crisis has been halting and weak.
Concern is widespread that countercyclical policies have run out of space or lack the power …

Successive reforms have brought many positive elements to the European Union's fiscal
framework. But they have also increased its complexity. The current system involves an …

China's rise has been the economic success story of the past four decades but economic
growth has been slowing and domestic imbalances have widened. This paper analyses the …

The Flexible System of Global Models (FSGM) is a group of models developed by the
Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a …

This paper brings insights into ideational robustness to bear on the International Monetary
Fund (IMF) fiscal policy thinking. It advances understanding of both the IMF and the concept …