White Papers/Reports
The Women's Health Innovation Radar: Revealing Gaps and Opportunities Across the Science-to-Patient Journey
May 18, 2026-Advancing women's health requires not only scientific progress but an innovation ecosystem capable of translating discovery into evidence, technologies and scalable solutions that improve outcomes for women globally. Yet, despite growing attention, the landscape remains fragmented, and many high-impact conditions continue to receive insufficient targeted innovation.
IMF Working Paper-Trade Policy Shocks and Corporate Valuations-Disentangling Trade and Uncertainty Channels
April 10, 2026-Summary
This paper investigates how the 2025 U.S. trade-policy shocks propagated to global equity valuations. Country-level studies have documented the aggregate costs of tariffs and uncertainty- but firm-level evidence on their joint role after the 2025 shocks remains limited. Filling this gap- we use a firm-level event-study design to disentangle a trade-exposure channel from a sensitivity-to-uncertainty channel.
IMF Working Paper-Making Stablecoins Stable
April 10, 2026-Summary
Payment stablecoins are privately issued digital money with the potential to enhance payment efficiency- foster innovation- and improve financial inclusion. At the same time- they are vulnerable to runs and associated welfare losses. One way to lower run risk is to require stablecoin issuers to hold safe assets. But doing so may lower issuers' profitability and thus their incentive to provide stablecoins- hampering payment innovation and product variety.
IMF-Understanding Global Imbalances
April 6, 2026-Summary
Against the backdrop of persistent and recently widening global imbalances, the paper presents a structured framework for understanding how domestic policies can influence current account positions by altering domestic saving and investment decisions. Staff analysis finds that traditional macroeconomic policies remain the dominant drivers of imbalances, but certain types of industrial policies could also play a role.
50 Investible Opportunities for a New Nature Economy
March 17, 2026-While businesses are feeling the adverse impacts of nature loss, they are also beginning to recognise the opportunities a nature-positive economy can offer. From precision agriculture to battery recycling to bio-based materials, new ways of doing business are delivering both long-term resilience and short-term gains.
IMF Working Paper-Stablecoin Shocks
March 6, 2026-Summary
We develop novel measures of stablecoin shocks and use them to identify the causal effects of stablecoin adoption on U.S. financial markets. Combining a daily narrative dataset of stablecoin-specific news with changes in the combined market capitalization of USDC and USDT, we measure high-frequency movements in stablecoin market capitalization and implement heteroskedasticity-based identification within an event-study and SVAR-IV framework.
OECD-Financial Protection Against Catastrophic Risks
March 5, 2026-Floods, Fires and Other Major Risks
Introduction
Natural hazards, cyber attacks and infectious disease outbreaks can lead to devastating financial consequences that many individuals, households or businesses would struggle to absorb. Insurance can provide a critical source of funding to absorb losses and support recovery.
IMF Working Paper-Population Aging and Pension Reforms in China
February 20, 2026--China is experiencing rapid population aging and a declining workforce, posing significant economic and fiscal challenges, especially to the pension system. This paper examines the evolution of China's pension system, assesses its gaps relative to international peers, and evaluates the macro-fiscal implications of population aging and various pension reforms.
IMF Working Paper-Optimal Exchange Rate Policy with Oil Shocks
February 20, 2026--Summary
We study optimal monetary and exchange rate policy in a small open economy facing oil price shocks. In a model with segmented financial markets that generate endogenous UIP deviations, the first-best allocation is achieved through a combination of interest rate policy and foreign exchange intervention (FXI). Monetary policy stabilizes domestic inflation and the output gap, while FXI targets the UIP wedge to offset financial frictions.
IMF Staff Country Report-Australia: Selected Issues
February 15, 2026--The re-elected government has laid out a bold reform agenda since taking office in May. Following a period of high inflation, the convergence of the economy toward balance is creating the opportunity to focus on ambitious structural reforms to address medium-term challenges.
