| Macroeconomic Effects of Climate Change in an Aging World Author/Editor: Vimal V Thakoor, Engin Kara. Release Date:December, 2022 Climate and demographic changes are two major long-term trends that are evolving simultaneously. The global population is aging, while climate change is increasing the frequency and severity of more...
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| Debt-for-Climate Swaps: Analysis, Design, and Implementation Author/Editor: Marcos d Chamon, Erik Klok, Vimal V Thakoor, Jeromin Zettelmeyer. Release Date:August, 2022 This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because more...
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| Tax Avoidance in Sub-Saharan Africa's Mining Sector Author/Editor: Giorgia Albertin, Boriana Yontcheva, Dan Devlin, Hilary Devine, Marc Gerard, Sebastian Beer, Irena Jankulov Suljagic, Vimal V Thakoor. Release Date:September, 2021 This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA's revenue mobilization efforts in three ways. First, it examines the importance of more...
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| Post-Covid-19 Recovery and Resilience: Leveraging Reforms for Growth and Inclusion in Sub-Saharan Africa Author/Editor: Paola Ganum, Vimal V Thakoor. Release Date:February, 2021 Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic more...
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| Market Power, Growth, and Inclusion: The South African Experience Author/Editor: Vimal V Thakoor. Release Date:September, 2020 Before the pandemic, the South African economy remained stuck in low gear, with anemic growth, stagnant private investment, and a shrinking tradable sector. Subdued growth has raised unemployment, more...
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| A Governance Dividend for Sub-Saharan Africa? Author/Editor: Amine Hammadi, Marshall Mills, Nelson Sobrinho, Vimal V Thakoor, Ricardo Velloso. Release Date:January, 2019 Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various more...
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| Inequality, Gender Gaps and Economic Growth : Comparative Evidence for Sub-Saharan Africa Author/Editor: Dalia S Hakura, Mumtaz Hussain, Monique Newiak, Vimal Thakoor, Fan Yang. Release Date:June, 2016 A growing body of empirical evidence suggests that inequality—income or gender related—can impede economic growth. Using dynamic panel regressions and new time series data, this paper finds that more...
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| Monitoring and Managing Fiscal Risks in the East African Community Author/Editor: Paolo Mauro, Herve Joly, Ari Aisen, Emre Alper, Francois Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H Thomas, Fan Yang. Release Date:August, 2015 This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, more...
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| Pension Reforms in Mauritius : Fair and Fast—Balancing Social Protection and Fiscal Sustainability Author/Editor: Mauricio Soto, Vimal Thakoor, Martin Petri. Release Date:June, 2015 Despite important past reforms, the ageing population of Mauritius threatens the sustainability of its pension system. This paper examines how pension spending might increase without reforms and more...
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| Introducing a Semi-Structural Macroeconomic Model for Rwanda Author/Editor: Luisa Charry, Pranav Gupta, Vimal Thakoor. Release Date:August, 2014 We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission mechanism. A key feature of the model is the introduction of a modified more...
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