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Big Data : Potential, Challenges and Statistical Implications

Author/Editor: Cornelia Hammer, Diane C Kostroch, Gabriel Quiros.

Release Date:September, 2017

Big data are part of a paradigm shift that is significantly transforming statistical agencies, processes, and data analysis. While administrative and satellite data are already well established, the more...



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Fintech and Financial Services : Initial Considerations

Author/Editor: Dong He, Ross B Leckow, Vikram Haksar, Tommaso Mancini Griffoli, Nigel Jenkinson, Mikari Kashima, Tanai Khiaonarong, Celine Rochon, Hervé Tourpe.

Release Date:June, 2017

A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation more...



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Gone with the Headwinds : Global Productivity

Author/Editor: Gustavo Adler, Romain A Duval, Davide Furceri, Sinem Kılıç Çelik, Ksenia Koloskova, Marcos Poplawski-Ribeiro.

Release Date:April, 2017

Productivity growth—the key driver of living standards—fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building more...



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Labor and Product Market Reforms in Advanced Economies : Fiscal Costs, Gains, and Support

Author/Editor: Angana Banerji, Valerio Crispolti, Era Dabla-Norris, Romain A Duval, Christian H Ebeke, Davide Furceri, Takuji Komatsuzaki, Tigran Poghosyan.

Release Date:March, 2017

Product and labor market reforms are needed to lift persistently sluggish growth in advanced economies. But reforms have progressed slowly because of concerns about their distributive and short-term more...



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Measure up : A Better Way to Calculate GDP

Author/Editor: Thomas F Alexander, Claudia H Dziobek, Marco Marini, Eric Metreau, Michael Stanger.

Release Date:February, 2017

To derive real GDP, the System of National Accounts 2008 (2008 SNA) recommends a technique called double deflation. Some countries use single deflation techniques, which fail to capture important more...



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Macro-Structural Policies and Income Inequality in Low-Income Developing Countries

Author/Editor: Stefania Fabrizio, Davide Furceri, Rodrigo Garcia-Verdu, Bin Grace Li, Sandra V Lizarazo Ruiz, Marina Mendes Tavares, Futoshi Narita, Adrian Peralta-Alva.

Release Date:January, 2017

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of more...



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Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy

Author/Editor: Vitor Gaspar, Maurice Obstfeld, Ratna Sahay, Douglas Laxton, Dennis P Botman, Kevin Clinton, Romain A Duval, Kotaro Ishi, Zoltan Jakab, Laura Jaramillo, Constant A Lonkeng Ngouana, Tommaso Mancini Griffoli, Joannes Mongardini, Susanna Mursula, Erlend Nier, Yulia Ustyugova, Hou Wang, Oliver Wuensch.

Release Date:September, 2016

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 to raise growth or more...



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The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa

Author/Editor: Bjoern Rother, Gaelle Pierre, Davide Lombardo, Risto Herrala, Priscilla Toffano, Erik Roos, Allan G Auclair, Karina Manasseh.

Release Date:September, 2016

In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The more...



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Emigration and Its Economic Impact on Eastern Europe

Author/Editor: Ruben V Atoyan, Lone Engbo Christiansen, Allan Dizioli, Christian H Ebeke, Nadeem Ilahi, Anna Ilyina, Gil Mehrez, Haonan Qu, Faezeh Raei, Alaina P Rhee, Daria V Zakharova.

Release Date:July, 2016

This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While more...



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The Withdrawal of Correspondent Banking Relationships : A Case for Policy Action

Author/Editor: Michaela Erbenova, Yan Liu, Nadim Kyriakos-Saad, Aledjandro Lopez Mejia, Jose Giancarlo Gasha, Emmanuel Mathias, Mohamed Norat, Francisca Fernando, Yasmin Almeida.

Release Date:June, 2016

This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the more...



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