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  1. Social policy advice to countries from the International Monetary Fund during the COVID-19 crisis
    continuity and change
    Published: 2021
    Publisher:  International Labour Organization, Geneva, Switzerland

    The COVID-19 pandemic has caused massive disruptions to the global economy and forced policymakers to respond to the newly created challenges. Many policy institutions have therefore had to rethink their established approaches and their usual policy... more

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    Max-Planck-Institut für ausländisches öffentliches Recht und Völkerrecht, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 709
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    The COVID-19 pandemic has caused massive disruptions to the global economy and forced policymakers to respond to the newly created challenges. Many policy institutions have therefore had to rethink their established approaches and their usual policy responses. This paper explores whether there has been a change in International Monetary Fund (IMF) policy advice and conditions in its loan programmes and Article IV surveillance by examining the 148 country reports for IMF programmes in 2020, in the context of significant shifts in its global macroeconomic policy framework during the COVID-19 pandemic. It documents the policy recommendations made in these reports and finds that the IMF has supported increased expenditure on health care and cash transfer programmes, often on a temporary basis, even when it meant higher fiscal deficit and public debt. However, it also finds that the IMF has supported fiscal consolidation and reduction of public debt even more frequently, in 129 of the 148 reports examined. This seems to corroborate the findings of a number of recent studies. Given the pronounced gaps in social protection coverage, comprehensiveness and adequacy across all countries, it is essential that the measures taken to cope with the emergency do not remain a mere stopgap response, but progressively lead to the establishment or strengthening of rights-based national social protection systems, including floors. To do so, countries can and should pursue diverse financing options that are equitable in order to mobilize the financial resources needed for social investments, including investments in social protection systems and quality public services.

     

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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789220360309; 9789220360316; 9789220360323
    Other identifier:
    hdl: 10419/263108
    Series: ILO working paper / International Labour Organization ; 42 (12/2021)
    Subjects: social protection; social security systems; social protection floors; child allowances; maternity benefits; disability benefits; social pensions; social health protection; social security contributions; public expenditure; fiscal space; domestic resource mobilization; official development assistance (ODA); developing countries; Sustainable Development Goals (SDGs)
    Scope: 1 Online-Ressource (57 Seiten), Illustrationen
    Notes:

    Gesehen am 05.02.2022

  2. The short-term impact of COVID-19 on labor markets, poverty and inequality in Brazil
    Published: March 2021
    Publisher:  International Monetary Fund, [Washington, DC]

    We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to... more

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    Orient-Institut Beirut
    Online
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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Braunschweig
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    Bibliothek der Pädagogischen Hochschule Freiburg/Breisgau
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    Universitäts- und Landesbibliothek Sachsen-Anhalt / Zentrale
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Technische Universität Hamburg, Universitätsbibliothek
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
    e-Book Nationallizenz
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 301
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    Universitätsbibliothek Leipzig
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    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
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    Duale Hochschule Baden-Württemberg Mosbach, Bibliothek
    E-Book Nationallizenz IMF
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    Hochschule Offenburg, University of Applied Sciences, Bibliothek Campus Offenburg
    E-Book International Monetary Fund
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    Hochschulbibliothek Pforzheim, Bereichsbibliothek Technik und Wirtschaft
    e-Book International Monetary Fund eLibrary
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    Hochschule Albstadt-Sigmaringen, Bibliothek Sigmaringen
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    Duale Hochschule Baden-Württemberg Villingen-Schwenningen, Bibliothek
    E_Book IMF
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    We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government's broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021

     

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  3. Public expenditure on food and agriculture in sub-Saharan Africa
    trends, challenges and priorities
    Published: 2021
    Publisher:  Food and Agriculture Organization of the United Nations, Rome, Italy

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789251343449
    Other identifier:
    Subjects: public expenditure; agricultural policies; agricultural economics; budgets; monitoring; monitoring systems; Africa South of Sahara
    Scope: 1 Online-Ressource (circa 120 Seiten), Illustrationen
  4. Corruption and distortion of public expenditures: evidence from Africa
    Published: [2021]
    Publisher:  EconomiX - UMR7235, Université Paris Nanterre, Nanterre

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 334
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / EconomiX ; 2021, 7
    Subjects: Corruption; capital expenditure; current expenditure; public expenditure; Africa
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  5. The impacts of public expenditure innovations on real exchange rate volatility in South Africa
    Published: April 2021
    Publisher:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using quarterly data for the period 1970-2019. To achieve this objective, a version of the vector autoregressive impulse response model... more

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    DS 248
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    This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using quarterly data for the period 1970-2019. To achieve this objective, a version of the vector autoregressive impulse response model proposed by Jordà is employed and the innovations are identified recursively. The impulse response functions indicate that public expenditure innovation has a significant depreciating trend impact on exchange rate volatility, and its impact relies on the type of fiscal expenditure innovation. While the impact of public expenditure innovation on exchange rate volatility does not rely on the direction of the innovation, it varies according to the state of the economy. Public expenditure innovation has a depreciating trend impact on exchange rate volatility in the upturn state, and mostly an appreciating trend impact in the downturn state. The impact is greater in the upturn than the downturn state.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292670108
    Other identifier:
    hdl: 10419/243398
    Series: WIDER working paper ; 2021, 72
    Subjects: public expenditure; impulse response; exchange rate volatility; South Africa
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  6. The short-term impact of COVID-19 on labor markets, poverty and inequality in Brazil
    Published: March 2021
    Publisher:  International Monetary Fund, [Washington, DC]

    We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government's broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021

     

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