 | 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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 | 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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 | DIGNAR-19 Toolkit Manual Author/Editor: Zamid Aligishiev, Giovanni Melina, Luis-Felipe Zanna. Release Date:June, 2021
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 | Enhancing Resilience to Climate Change in the Maldives Author/Editor: Giovanni Melina, Marika Santoro. Release Date:April, 2021
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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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 | Building Back Better: How Big Are Green Spending Multipliers? Author/Editor: Nicoletta Batini, Mario di Serio, Matteo Fragetta, Giovanni Melina, Anthony Waldron. Release Date:March, 2021 This paper estimates multipliers for spending in clean energy and biodiversity conservation to help inform stimulus measures for a post-COVID-19 sustainable recovery. Using a new international more...
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 | The Impact of r-g on the Euro-Area Government Spending Multiplier Author/Editor: Mario di Serio, Matteo Fragetta, Giovanni Melina. Release Date:February, 2021 We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative more...
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 | How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area Author/Editor: Nicoletta Batini, Alessandro Cantelmo, Giovanni Melina, Stefania Villa. Release Date:June, 2020 This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and more...
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 | Macroeconomic Outcomes in Disaster-Prone Countries Author/Editor: Alessandro Cantelmo, Giovanni Melina, Chris Papageorgiou. Release Date:October, 2019 Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the more...
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 | The Euro-Area Government Spending Multiplier at the Effective Lower Bound Author/Editor: Adalgiso Amendola, Mario di Serio, Matteo Fragetta, Giovanni Melina. Release Date:June, 2019 We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with Bayesian methods to compute government spending multipliers. The multipliers are more...
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