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The IMF’s Fiscal Monitor on Tackling Inequality

From the opening remarks of Vitor Gaspar, Director of the Fiscal Affairs Department:

“This issue of the Fiscal Monitor looks at inequality. First, it documents trends in inequality and examines the role of fiscal policy. Then, it examines the following three policies that are currently widely debated: first, progressive taxation; second, universal basic income (UBI); and third, public spending on education and health.”

fmfig1

Continue reading here.

From the opening remarks of Vitor Gaspar, Director of the Fiscal Affairs Department:

“This issue of the Fiscal Monitor looks at inequality. First, it documents trends in inequality and examines the role of fiscal policy. Then, it examines the following three policies that are currently widely debated: first, progressive taxation; second, universal basic income (UBI); and third, public spending on education and health.”

fmfig1

Continue reading here.

Read the full article…

Posted by at 10:53 AM

Labels: Inclusive Growth

House Prices in Spain

The IMF’s latest report on Spain says that:

  • “House prices have started to recover, but are still well below pre-crisis levels.”

Fig1

 

  • “UK citizens are also the main foreign buyers of houses, but their purchases declined in 2016.”

Fig2

The IMF’s latest report on Spain says that:

  • “House prices have started to recover, but are still well below pre-crisis levels.”

Fig1

 

  • “UK citizens are also the main foreign buyers of houses, but their purchases declined in 2016.”

Fig2

Read the full article…

Posted by at 11:46 AM

Labels: Global Housing Watch

A Closer Look at Employment Creation in Spain since the Crisis

A new IMF report finds that “Over the past three years, the Spanish labor market has seen a strong turnaround, recovering more than a third of jobs lost during the crisis. This rebound has taken place on the back of significant wage moderation and regained external competitiveness, supported by labor market reforms. Employment has been growing across sectors, with services accounting for 80 percent of net employment creation, marking a sectoral shift away from construction. Except for some fast-growing smaller sectors such as information and communications, the new service-sector jobs are generally in the lower-productivity segment, including in tourism-related activities, and just over half are of temporary nature. Job growth has also varied across regions, reflecting different employment situations and sectoral specializations. Generally, the newly created jobs make sub-optimal use of existing skill patterns in Spain, with over-skilling becoming more prevalent and persistent skills gaps among the lower-educated preventing many from finding employment.”

A new IMF report finds that “Over the past three years, the Spanish labor market has seen a strong turnaround, recovering more than a third of jobs lost during the crisis. This rebound has taken place on the back of significant wage moderation and regained external competitiveness, supported by labor market reforms. Employment has been growing across sectors, with services accounting for 80 percent of net employment creation, marking a sectoral shift away from construction.

Read the full article…

Posted by at 10:43 AM

Labels: Inclusive Growth

Housing View – October 6, 2017

On cross-country:

 

On the US:

 

On other countries:

 

aliis-sinisalu-70432

Photo by Aliis Sinisalu

On cross-country:

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Posted by at 10:04 AM

Labels: Global Housing Watch

IMF Fiscal Advice to Saudi Arabia

The IMF’s latest report states: “In staff’s view, the strong fiscal buffers, the availability of financing, and the current cyclical position of the economy mean that rapid fiscal consolidation is neither necessary nor desirable. Saudi Arabia has some fiscal space that can be used for a more gradual fiscal consolidation that balances the budget by 2022 rather than in 2019 …”. Read the report for the full background and context for the advice.

The IMF’s latest report states: “In staff’s view, the strong fiscal buffers, the availability of financing, and the current cyclical position of the economy mean that rapid fiscal consolidation is neither necessary nor desirable. Saudi Arabia has some fiscal space that can be used for a more gradual fiscal consolidation that balances the budget by 2022 rather than in 2019 …”. Read the report for the full background and context for the advice.

Read the full article…

Posted by at 4:54 PM

Labels: Inclusive Growth

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