A Few White Papers
you are currently viewing::IMF Working Paper-Understanding the Macroeconomic Effects of Natural DisastersFebruary 21, 2025-Summary As a result, output growth in AEs is not significantly affected by natural disasters. In contrast, the increase in government expenditure in emerging markets and developing countries (EMDEs) after a natural disaster is smaller and thus, unable to mitigate the contemporaneous negative effect on output growth (which mainly reflects the fall in investment in non-small-island EMDEs and in net exports in small-island EMDEs). In addition, the output recovery in the subsequent year does not fully offset the decline during the year of the disaster. Second, this paper assesses the role of pre-existing country characteristics in mitigating the adverse impact of natural disasters. The paper finds that small islands and countries with limited pre-disaster fiscal space tend to experience more significant declines in output growth following a natural disaster. Source: imf.org |
What Drives Crypto Mining? Evidence from Hardware Imports
July 10, 2026-Summary
Understanding financial activity beyond traditional regulatory frameworks is essential for policymakers. Yet cryptocurrency mining-which offers a direct entry point into the crypto ecosystem without relying on traditional financial intermediaries-remains highly opaque.
Aggregate Gains from AI and Their Distribution: Global Evidence from Usage Data
July 10, 2026-Summary
How large are the gains from AI, and how are they distributed across occupations? Using five waves of the Anthropic Economic Index (January 2025 to February 2026), we construct two novel measures from observed AI usage across countries over the world.
