 | Economic Diversification in Developing Countries: Lessons from Country Experiences with Broad-Based and Industrial Policies : Lessons from Country Experiences with Broad-Based and Industrial Policies Release Date:July, 2024 This paper examines the significance and impact of broad-based and industrial policies on economic diversification in developing economies, supported by a literature review, case studies, and IMF more...
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 | Income Convergence or Divergence in the Aftermath of the COVID-19 Shock? Author/Editor: Mariya Brussevich, Shihui Liu, Chris Papageorgiou. Release Date:June, 2022 The paper extends the work of Deaton (2021) by exploring the period of post-crisis recovery in 2021-2024. The paper documents per-capita income divergence during the period of post-shock recovery, more...
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| Trade and the COVID-19 Pandemic: Lessons from French Firms Author/Editor: Mariya Brussevich, Chris Papageorgiou, Pauline Wibaux. Release Date:May, 2022 This paper uses granular customs data from France to investigate propagation of the COVID-19 shock along the supply chains in 2020. It quantifies the effect of the COVID-19 shock on trade adjustment more...
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| Monetary Policy in Disaster-Prone Developing Countries Author/Editor: Alessandro Cantelmo, Nikos Fatouros, Giovanni Melina, Chris Papageorgiou. Release Date:April, 2022 This paper analyzes monetary policy regimes in emerging and developing economies where climate-related natural disasters are major macroeconomic shocks. A narrative analysis of IMF reports published more...
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| Preferences for Reforms: Endowments vs. Beliefs Author/Editor: Romain A Duval, Yi Ji, Chris Papageorgiou, Ippei Shibata, Antonio Spilimbergo. Release Date:February, 2022 Are preferences for reforms driven by individuals' own endowments or beliefs? To address this question, we conducted a cross-country survey on people's opinions on employment protection more...
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| Monetary Policy Frameworks: An Index and New Evidence Author/Editor: D Filiz Unsal, Chris Papageorgiou, Hendre Garbers. Release Date:January, 2022 We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We more...
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| Macroeconomic Research in Low-income Countries:Advances Made in Five Key Areas Through a DFID-IMF Collaboration Author/Editor: Hites Ahir, Hendre Garbers, Mattia Coppo, Giovanni Melina, Futoshi Narita, Filiz D Unsal, Vivian Malta, Xin Tang, Daniel Gurara, Luis-Felipe Zanna, Linda G Venable, Kangni R Kpodar, Chris Papageorgiou. Release Date:March, 2021 Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP more...
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| Will the AI Revolution Cause a Great Divergence? Author/Editor: Cristian Alonso, Andrew Berg, Siddharth Kothari, Chris Papageorgiou, Sidra Rehman. Release Date:September, 2020 This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI more...
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| Quality Upgrading and Export Performance in the Asian Growth Miracle Author/Editor: Chris Papageorgiou, Fidel Perez-Sebastian, Nikola Spatafora. Release Date:November, 2019 We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies: China, India, Indonesia, Malaysia, South Korea, and Thailand. We focus on more...
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| On the Substitution of Private and Public Capital in Production Author/Editor: Zidong An, Alvar Kangur, Chris Papageorgiou. Release Date:November, 2019 Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and more...
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