Verfügbarkeit: Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /

Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /:

We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, "PSIs"). This enables us to focus on the effects of IMF mo...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Hauptverfasser:	Newiak, Monique (VerfasserIn), Willems, Tim (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	[Washington, D.C.] : International Monetary Fund, [2017]
Schriftenreihe:	IMF working paper ; WP/17/109.
Schlagworte:	Inflation (Finance) Inflation, Economic Inflation. BUSINESS & ECONOMICS > Finance.
Online-Zugang:	Volltext
Zusammenfassung:	We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, "PSIs"). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck - thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.
Beschreibung:	1 online resource (44 pages)
ISBN:	9781475599299 1475599293 147559903X 9781475599039
ISSN:	1018-5941 ;

Internformat

MARC


LEADER	00000cam a2200000Mi 4500
001	ZDB-4-EBA-ocn987721977
003	OCoLC
005	20241004212047.0
006	m o d
007	cr \|n\|---\|\|\|\|\|
008	170520s2017 dcu o 000 0 eng d
040			\|a EBLCP \|b eng \|e pn \|c EBLCP \|d YDX \|d IDEBK \|d MERUC \|d CUY \|d OCLCQ \|d OCLCO \|d OCLCF \|d WRM \|d CEF \|d OTZ \|d N$T \|d AGLDB \|d IGB \|d OCLCQ \|d G3B \|d S8J \|d S8I \|d STF \|d D6H \|d BTN \|d AUW \|d INTCL \|d MHW \|d SNK \|d CUS \|d OCLCQ \|d OCLCO \|d OCLCQ \|d OCLCO \|d OCLCL
019			\|a 987742147 \|a 987897247 \|a 1056574887 \|a 1264896752
020			\|a 9781475599299 \|q (electronic bk.)
020			\|a 1475599293 \|q (electronic bk.)
020			\|a 147559903X
020			\|a 9781475599039
024	7		\|a 10.5089/9781475599039.001 \|2 doi
035			\|a (OCoLC)987721977 \|z (OCoLC)987742147 \|z (OCoLC)987897247 \|z (OCoLC)1056574887 \|z (OCoLC)1264896752
050		4	\|a HG229
072		7	\|a BUS \|x 027000 \|2 bisacsh
082	7		\|a 332.41 \|2 23
049			\|a MAIN
100	1		\|a Newiak, Monique, \|e author.
245	1	0	\|a Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / \|c by Monique Newiak and Tim Willems.
264		1	\|a [Washington, D.C.] : \|b International Monetary Fund, \|c [2017]
300			\|a 1 online resource (44 pages)
336			\|a text \|b txt \|2 rdacontent
337			\|a computer \|b c \|2 rdamedia
338			\|a online resource \|b cr \|2 rdacarrier
347			\|a data file \|2 rda
490	1		\|a IMF Working Papers, \|x 1018-5941 ; \|v WP/17/109
588	0		\|a Print version record.
505	0		\|a Cover; Contents; 1 Introduction; 2 Related Literature; 3 PSI Countries and the IMF; 4 Core Content of PSI-programs; 5 The Synthetic Conrol Method; 6 Data and Regression Specifications; 7 Results; 7.1 Output; 7.2 Price Level; 7.3 Capital Stock; 8 Discussion; 9 Conclusion; 10 Appendix A: Background Information; 11 Appendix B: Effectiveness of IMF Programs over Time; 12 References; 13 Figures.
520	3		\|a We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, "PSIs"). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck - thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.
650		0	\|a Inflation (Finance) \|0 http://id.loc.gov/authorities/subjects/sh85066112
650		2	\|a Inflation, Economic \|0 https://id.nlm.nih.gov/mesh/D007250
650		6	\|a Inflation.
650		7	\|a BUSINESS & ECONOMICS \|x Finance. \|2 bisacsh
650		7	\|a Inflation (Finance) \|2 fast
700	1		\|a Willems, Tim, \|e author.
758			\|i has work: \|a Evaluating the impact of non-financial IMF programs Using the synthetic control method (Text) \|1 https://id.oclc.org/worldcat/entity/E39PCGMc8QgqRBhpkF9qyJ3wBX \|4 https://id.oclc.org/worldcat/ontology/hasWork
776	0	8	\|i Print version: \|a Newiak, Monique. \|t Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method. \|d Washington, D.C. : International Monetary Fund, ©2017 \|z 9781475599039
830		0	\|a IMF working paper ; \|v WP/17/109.
856	4	0	\|l FWS01 \|p ZDB-4-EBA \|q FWS_PDA_EBA \|u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1519183 \|3 Volltext
938			\|a ProQuest Ebook Central \|b EBLB \|n EBL4860918
938			\|a EBSCOhost \|b EBSC \|n 1519183
938			\|a ProQuest MyiLibrary Digital eBook Collection \|b IDEB \|n cis38211936
938			\|a YBP Library Services \|b YANK \|n 14455285
994			\|a 92 \|b GEBAY
912			\|a ZDB-4-EBA
049			\|a DE-863

Datensatz im Suchindex

DE-BY-FWS_katkey	ZDB-4-EBA-ocn987721977
_version_	1816882389708701696
adam_text
any_adam_object
author	Newiak, Monique Willems, Tim
author_facet	Newiak, Monique Willems, Tim
author_role	aut aut
author_sort	Newiak, Monique
author_variant	m n mn t w tw
building	Verbundindex
bvnumber	localFWS
callnumber-first	H - Social Science
callnumber-label	HG229
callnumber-raw	HG229
callnumber-search	HG229
callnumber-sort	HG 3229
callnumber-subject	HG - Finance
collection	ZDB-4-EBA
contents	Cover; Contents; 1 Introduction; 2 Related Literature; 3 PSI Countries and the IMF; 4 Core Content of PSI-programs; 5 The Synthetic Conrol Method; 6 Data and Regression Specifications; 7 Results; 7.1 Output; 7.2 Price Level; 7.3 Capital Stock; 8 Discussion; 9 Conclusion; 10 Appendix A: Background Information; 11 Appendix B: Effectiveness of IMF Programs over Time; 12 References; 13 Figures.
ctrlnum	(OCoLC)987721977
dewey-full	332.41
dewey-hundreds	300 - Social sciences
dewey-ones	332 - Financial economics
dewey-raw	332.41
dewey-search	332.41
dewey-sort	3332.41
dewey-tens	330 - Economics
discipline	Wirtschaftswissenschaften
format	Electronic eBook
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03932cam a2200565Mi 4500</leader><controlfield tag="001">ZDB-4-EBA-ocn987721977</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr \|n\|---\|\|\|\|\|</controlfield><controlfield tag="008">170520s2017 dcu o 000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">EBLCP</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">EBLCP</subfield><subfield code="d">YDX</subfield><subfield code="d">IDEBK</subfield><subfield code="d">MERUC</subfield><subfield code="d">CUY</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCF</subfield><subfield code="d">WRM</subfield><subfield code="d">CEF</subfield><subfield code="d">OTZ</subfield><subfield code="d">N$T</subfield><subfield code="d">AGLDB</subfield><subfield code="d">IGB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">G3B</subfield><subfield code="d">S8J</subfield><subfield code="d">S8I</subfield><subfield code="d">STF</subfield><subfield code="d">D6H</subfield><subfield code="d">BTN</subfield><subfield code="d">AUW</subfield><subfield code="d">INTCL</subfield><subfield code="d">MHW</subfield><subfield code="d">SNK</subfield><subfield code="d">CUS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">987742147</subfield><subfield code="a">987897247</subfield><subfield code="a">1056574887</subfield><subfield code="a">1264896752</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475599299</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475599293</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">147559903X</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475599039</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.5089/9781475599039.001</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)987721977</subfield><subfield code="z">(OCoLC)987742147</subfield><subfield code="z">(OCoLC)987897247</subfield><subfield code="z">(OCoLC)1056574887</subfield><subfield code="z">(OCoLC)1264896752</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG229</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">027000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.41</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Newiak, Monique,</subfield><subfield code="e">author.</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /</subfield><subfield code="c">by Monique Newiak and Tim Willems.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">[Washington, D.C.] :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">[2017]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (44 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">data file</subfield><subfield code="2">rda</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF Working Papers,</subfield><subfield code="x">1018-5941 ;</subfield><subfield code="v">WP/17/109</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Contents; 1 Introduction; 2 Related Literature; 3 PSI Countries and the IMF; 4 Core Content of PSI-programs; 5 The Synthetic Conrol Method; 6 Data and Regression Specifications; 7 Results; 7.1 Output; 7.2 Price Level; 7.3 Capital Stock; 8 Discussion; 9 Conclusion; 10 Appendix A: Background Information; 11 Appendix B: Effectiveness of IMF Programs over Time; 12 References; 13 Figures.</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, "PSIs"). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck - thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Inflation (Finance)</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85066112</subfield></datafield><datafield tag="650" ind1=" " ind2="2"><subfield code="a">Inflation, Economic</subfield><subfield code="0">https://id.nlm.nih.gov/mesh/D007250</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Inflation.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Finance.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Inflation (Finance)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Willems, Tim,</subfield><subfield code="e">author.</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Evaluating the impact of non-financial IMF programs Using the synthetic control method (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGMc8QgqRBhpkF9qyJ3wBX</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Newiak, Monique.</subfield><subfield code="t">Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method.</subfield><subfield code="d">Washington, D.C. : International Monetary Fund, ©2017</subfield><subfield code="z">9781475599039</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/17/109.</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1519183</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest Ebook Central</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL4860918</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">1519183</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis38211936</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">14455285</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection>
id	ZDB-4-EBA-ocn987721977
illustrated	Not Illustrated
indexdate	2024-11-27T13:27:50Z
institution	BVB
isbn	9781475599299 1475599293 147559903X 9781475599039
issn	1018-5941 ;
language	English
oclc_num	987721977
open_access_boolean
owner	MAIN DE-863 DE-BY-FWS
owner_facet	MAIN DE-863 DE-BY-FWS
physical	1 online resource (44 pages)
psigel	ZDB-4-EBA
publishDate	2017
publishDateSearch	2017
publishDateSort	2017
publisher	International Monetary Fund,
record_format	marc
series	IMF working paper ;
series2	IMF Working Papers,
spelling	Newiak, Monique, author. Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / by Monique Newiak and Tim Willems. [Washington, D.C.] : International Monetary Fund, [2017] 1 online resource (44 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier data file rda IMF Working Papers, 1018-5941 ; WP/17/109 Print version record. Cover; Contents; 1 Introduction; 2 Related Literature; 3 PSI Countries and the IMF; 4 Core Content of PSI-programs; 5 The Synthetic Conrol Method; 6 Data and Regression Specifications; 7 Results; 7.1 Output; 7.2 Price Level; 7.3 Capital Stock; 8 Discussion; 9 Conclusion; 10 Appendix A: Background Information; 11 Appendix B: Effectiveness of IMF Programs over Time; 12 References; 13 Figures. We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, "PSIs"). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck - thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment. Inflation (Finance) http://id.loc.gov/authorities/subjects/sh85066112 Inflation, Economic https://id.nlm.nih.gov/mesh/D007250 Inflation. BUSINESS & ECONOMICS Finance. bisacsh Inflation (Finance) fast Willems, Tim, author. has work: Evaluating the impact of non-financial IMF programs Using the synthetic control method (Text) https://id.oclc.org/worldcat/entity/E39PCGMc8QgqRBhpkF9qyJ3wBX https://id.oclc.org/worldcat/ontology/hasWork Print version: Newiak, Monique. Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method. Washington, D.C. : International Monetary Fund, ©2017 9781475599039 IMF working paper ; WP/17/109. FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1519183 Volltext
spellingShingle	Newiak, Monique Willems, Tim Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / IMF working paper ; Cover; Contents; 1 Introduction; 2 Related Literature; 3 PSI Countries and the IMF; 4 Core Content of PSI-programs; 5 The Synthetic Conrol Method; 6 Data and Regression Specifications; 7 Results; 7.1 Output; 7.2 Price Level; 7.3 Capital Stock; 8 Discussion; 9 Conclusion; 10 Appendix A: Background Information; 11 Appendix B: Effectiveness of IMF Programs over Time; 12 References; 13 Figures. Inflation (Finance) http://id.loc.gov/authorities/subjects/sh85066112 Inflation, Economic https://id.nlm.nih.gov/mesh/D007250 Inflation. BUSINESS & ECONOMICS Finance. bisacsh Inflation (Finance) fast
subject_GND	http://id.loc.gov/authorities/subjects/sh85066112 https://id.nlm.nih.gov/mesh/D007250
title	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /
title_auth	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /
title_exact_search	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /
title_full	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / by Monique Newiak and Tim Willems.
title_fullStr	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / by Monique Newiak and Tim Willems.
title_full_unstemmed	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method / by Monique Newiak and Tim Willems.
title_short	Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method /
title_sort	evaluating the impact of non financial imf programs using the synthetic control method
topic	Inflation (Finance) http://id.loc.gov/authorities/subjects/sh85066112 Inflation, Economic https://id.nlm.nih.gov/mesh/D007250 Inflation. BUSINESS & ECONOMICS Finance. bisacsh Inflation (Finance) fast
topic_facet	Inflation (Finance) Inflation, Economic Inflation. BUSINESS & ECONOMICS Finance.
url	https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1519183
work_keys_str_mv	AT newiakmonique evaluatingtheimpactofnonfinancialimfprogramsusingthesyntheticcontrolmethod AT willemstim evaluatingtheimpactofnonfinancialimfprogramsusingthesyntheticcontrolmethod

Verfügbarkeit

Es ist kein Print-Exemplar vorhanden.

Volltext öffnen

MARC

Datensatz im Suchindex

Es ist kein Print-Exemplar vorhanden.

Ähnliche Einträge