Policy Steps to Address the Corona Crisis
<p>Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory and supervisory authorities
International Monetary Fund
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Population 2020: Demographics can be a potent driver of the pace and process of economic development
<p>“Demography is destiny” is an oft-cited phrase that suggests the size, growth, and structure of a nation’s population determines its long-term social, economic, and political fabric.
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Building resilience in developing countries vulnerable to large natural disasters
Many developing countries are vulnerable to natural disasters that can have large human and economic costs: disaster risk management for these countries is a macro-critical challenge. In recent years,
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World Economic Outlook 2019: growth slowdown, precarious recovery
After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined
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Regional economic outlook. Sub-Saharan Africa- recovery amid elevated uncertainty
The economic recovery in sub-Saharan Africa continues. Regional growth is set to pick up from 3 percent in 2018 to 3.5 percent in 2019, before stabilizing at close to 4 percent over the medium term. These
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How to manage the fiscal costs of natural disasters
This how-to note focuses on the management of the fiscal costs associated with natural disaster risks. Unlike other types of fiscal risks (for example, unexpected macroeconomic changes or materialization
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The effects of weather shocks on economic activity: what are the channels of impact?
Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated
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The economic impact of natural disasters in Pacific Island countries: adaptation and preparedness
Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of
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Building resilience to natural disasters: an application to small developing states
This working paper presents a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes
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Natural disasters and food crises in low-income countries: macroeconomic dimensions
The exposure of low-income countries to natural disasters has a significant impact on food production and food security. This paper provides a framework for assessing a country’s vulnerability to food