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Mexico Needs a Fiscal Twist: Response to Covid-19 and Beyond

Author/Editor: Swarnali A Hannan, Keiko Honjo, Mehdi Raissi.

Release Date:October, 2020

Mexico’s fiscal response to the pandemic has been modest compared to its peers, reflecting the authorities’ desire to not issue new debt for spending. This approach, however, risks a more severe more...



Price: $18.00
Infrastructure in Central, Eastern, and Southeastern Europe : Benchmarking, Macroeconomic Impact, and Policy Issues

Author/Editor: Anil Ari, David Bartolini, Vizhdan Boranova, Gabriel Di Bella, Kamil Dybczak, Keiko Honjo, Raju Huidrom, Andreas Jobst, Nemanja Jovanovic, Ezgi O Ozturk, Laura Papi, Sergio Sola, Michelle Stone, Petia Topalova.

Release Date:September, 2020

CESEE countries lag in terms of infrastructure compared to the EU15, and deficient infrastructure is often cited as a constraint to growth and convergence. Investing in infrastructure is therefore an more...



Price: $20.00
Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis

Author/Editor: Oya Celasun, Francesco Grigoli, Keiko Honjo, Javier Kapsoli, Alexander Klemm, Bogdan Lissovolik, Jan Luksic, Marialuz Moreno Badia, Joana Pereira, Marcos Poplawski-Ribeiro, Baoping Shang, Yulia Ustyugova.

Release Date:April, 2015

Latin America’s bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the more...



Price: $10.00
The Flexible System of Global Models – FSGM

Author/Editor: Michal Andrle, Patrick Blagrave, Pedro Espaillat, Keiko Honjo, Benjamin Hunt, Mika Kortelainen, René Lalonde, Douglas Laxton, Eleonara Mavroeidi, Dirk Muir, Susanna Mursula, Stephen Snudden.

Release Date:March, 2015

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 multi-region, more...



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The Golden Rule and the Economic Cycles

Author/Editor: Keiko Honjo.

Release Date:August, 2007

The present formulation of the golden rule in the United Kingdom allows fiscal performance to be tested explicitly on an ex-post basis. However, it requires precise dating of the economic cycle, more...



Price: $18.00
Stabilizing Inflation in Iceland

Author/Editor: Keiko Honjo, Benjamin Hunt.

Release Date:November, 2006

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open economy such as Iceland. Estimated macroeconomic models of Canada, Iceland, New more...



Price: $18.00
Options for Fiscal Consolidation in the United Kingdom

Author/Editor: Dennis P J Botman, Keiko Honjo.

Release Date:March, 2006

This paper examines the macroeconomic effects of different timing and composition of fiscal adjustment in the United Kingdom using the IMF’s Global Fiscal Model. Early consolidation dampens more...



Price: $15.00
The Efficiency of Government Expenditure : Experiences From Africa

Author/Editor: Keiko Honjo, Marijn Verhoeven, Sanjeev Gupta.

Release Date:November, 1997

This paper assesses the efficiency of government expenditure on education and health in 38 countries in Africa in 1984-95, both in relation to each other and compared with countries in Asia and the more...



Price: $15.00