 | 2022 Update of the External Balance Assessment Methodology Author/Editor: Cian Allen, Camila Casas, Giovanni Ganelli, Luciana Juvenal, Daniel Leigh, Pau Rabanal, Cyril Rebillard, Jair Rodriguez, Joćo Tovar Jalles. Release Date:March, 2023 The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting more...
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 | Economic Growth After Debt Surges Author/Editor: Joćo Tovar Jalles, Paulo A Medas. Release Date:July, 2022 Debt levels, both private and public, were already at record highs before the Covid-19 pandemic, and surged further in 2020. The high indebteness raises concerns whether it will undermine future more...
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 | For Whom the Bell Tolls: Climate Change and Inequality Author/Editor: Serhan Cevik, Joćo Tovar Jalles. Release Date:May, 2022 Climate change is the defining challenge of our time with complex and evolving dynamics. The effects of climate change on economic output and financial stability have received considerable attention, more...
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 | Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies Author/Editor: Romain A Duval, Davide Furceri, Joćo Tovar Jalles. Release Date:February, 2021 We explore the impact of major labor and product market reforms on current account dynamics using a new ānarrativeā database of major changes in employment protection for regular workers and more...
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 | Feeling the Heat: Climate Shocks and Credit Ratings Author/Editor: Serhan Cevik, Joćo Tovar Jalles. Release Date:December, 2020 Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature more...
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 | Tax Evasion from Cross-Border Fraud: Does Digitalization Make a Difference? Author/Editor: Emmanouil Kitsios, Joćo Tovar Jalles, Genevieve Verdier. Release Date:November, 2020 How can governments reduce the prevalence of cross-border tax fraud? This paper argues that the use of digital technologies offers an opportunity to reduce fraud and increase government revenue. more...
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 | An Apocalypse Foretold: Climate Shocks and Sovereign Defaults Author/Editor: Serhan Cevik, Joćo Tovar Jalles. Release Date:November, 2020 Climate change poses an existential threat to the global economy. While there is a growing body of literature on the economic consequences of climate change, research on the link between climate more...
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 | This Changes Everything: Climate Shocks and Sovereign Bonds Author/Editor: Serhan Cevik, Joćo Tovar Jalles. Release Date:June, 2020 Climate change is already a systemic risk to the global economy. While there is a large body of literature documenting potential economic consequences, there is scarce research on the link between more...
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 | Do Forecasters Believe in Okun's Law? An Assessment of Unemployment and Output Forecasts Author/Editor: Laurence M. Ball, Joćo Tovar Jalles, Prakash Loungani. Release Date:February, 2014 This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okunās Law, forecasts of real GDP growth and the change in unemployment are more...
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