Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF’s role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided by the Fund to help governments put together a policy response or build a macro framework to lay the foundation for recovery and/or unlock other external financing. The literature and experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including identifying the risks and probability of natural disasters and integrating them more explicitly into macro frame-works, increasing flexibility within fiscal frameworks, and improving coordination amongst international partners ex post and ex ante.

Geography --- Earth & Environmental Sciences --- Physical Geography --- Natural disasters --- Disaster relief. --- Economic aspects. --- Disaster assistance --- Emergency assistance in disasters --- Emergency relief --- Natural calamities --- Emergency management --- Human services --- Disasters --- Economic aspects --- E-books --- Exports and Imports --- Insurance --- Natural Disasters --- Climate --- Natural Disasters and Their Management --- Global Warming --- Environment and Growth --- International Monetary Arrangements and Institutions --- Foreign Aid --- Current Account Adjustment --- Short-term Capital Movements --- Insurance Companies --- Actuarial Studies --- International economics --- Insurance & actuarial studies --- Balance of payments need --- Disaster aid --- Emergency assistance --- Environment --- Balance of payments --- Foreign aid --- Financial institutions --- International relief --- Economic assistance --- Haiti

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlines, and departure cities on U.S. tourist arrivals. The possible endogeneity problem between airlift supply and tourist arrivals is addressed by using a structural panel VAR and individual country VARs. Among the four airlift supply measures, increasing the number of flights is found to be the most effective way to boost tourist arrivals on a sustained basis. As a case study, the possible crowding effect of increasing the number of U.S. flights to Cuba is investigated and, based on past observations, we find no significant impact on flights to other Caribbean countries. The impact of natural disasters on airlift supply and tourist arrivals is also quantified.

Econometrics --- Infrastructure --- Labor --- Industries: Hospital,Travel and Tourism --- Natural Disasters --- Time-Series Models --- Dynamic Quantile Regressions --- Dynamic Treatment Effect Models --- Diffusion Processes --- State Space Models --- Multiple or Simultaneous Equation Models: Models with Panel Data --- Sports --- Gambling --- Restaurants --- Recreation --- Tourism --- Economic History: Macroeconomics --- Growth and Fluctuations: Latin America --- Caribbean --- Economywide Country Studies: Latin America --- Climate --- Natural Disasters and Their Management --- Global Warming --- Industry Studies: Transportation and Utilities: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Hospitality, leisure & tourism industries --- Econometrics & economic statistics --- Natural disasters --- Macroeconomics --- Labour --- income economics --- Structural vector autoregression --- Transportation --- Unemployment rate --- Economic sectors --- Econometric analysis --- Environment --- National accounts --- Saving and investment --- Unemployment --- United States

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

In contrast to expectations, remittances to Central America and the Caribbean (CAC) surprised positively during 2020 and 2021. This study revisits the key macro indicators driving remittances, looks at the heterogeneous impacts of the global financial crisis (GFC) and COVID shocks, then uses micro data from the U.S. Current Population Census to examine individual features of immigrant households and how this might affect the “propensity to remit”. The paper finds that remittance flows are responsive to both sending and receiving country economic conditions and that labor market conditions are particularly important determinants of remittance flows, explaining the unexpected jump in remittance flows in 2020-2021 and providing stronger predictive power when combined with income variables. Analysis of the micro data reinforces these findings, reflecting the existence of a family resource sharing model at play.

Macroeconomics --- Economics: General --- Exports and Imports --- Emigration and Immigration --- Labor --- International Migration --- Remittances --- Economywide Country Studies: Latin America --- Caribbean --- Aggregate Factor Income Distribution --- Education: General --- Demand and Supply of Labor: General --- Economic & financial crises & disasters --- Economics of specific sectors --- International economics --- Migration, immigration & emigration --- Education --- Labour --- income economics --- Balance of payments --- Migration --- Population and demographics --- Income --- National accounts --- Labor markets --- Currency crises --- Informal sector --- Economics --- International finance --- Emigration and immigration --- Labor market --- Haiti

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper offers Algeria's recent experience with macroeconomic stabilization and systemic transformation from a centrally planned to a market economy. The analyses focuses on the period since 1994 when Algeria embarked on a comprehensive reform program that has benefitted from IMF support, first through a one-year Stand-by Arrangement, and from May 1995, through a three-year arrangement under the Extended Fund Facility. To better understand this experience, this paper provides some background information on Algeria's political history and economic developments during the period preceding the Stand-By arrangement.

Economic conditions. Economic development --- Algeria --- Economic stabilization --- Mixed economy --- Structural adjustment (Economic policy) --- 330.05 --- 330.965 --- 305.2 --- 331.30 --- 331.32 --- 332.691 --- 333.825 --- 333.846.0 --- 336.401 --- 382.240 --- 382.30 --- DZ / Algeria - Algerije - Algérie --- Economic policy --- Economy, Mixed --- Third way (Economics) --- Capitalism --- Socialism --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Statistieken van de conjunctuur --- Economische toestand --- Structuur van de economie --- Evolutie van de arbeidsmarkt --- Deviezenpolitiek. Interventies --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Verband tussen begrotingspolitiek en economische evolutie --- Evolutie van de betalingsbalans: algemeenheden --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- Economic conditions --- Working papers --- Banks and Banking --- Exports and Imports --- Infrastructure --- Macroeconomics --- Public Finance --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Nonprofit Organizations and Public Enterprise: General --- Trade: General --- National Government Expenditures and Related Policies: General --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Public finance & taxation --- International economics --- Banking --- Public ownership --- nationalization --- Public enterprises --- Expenditure --- Imports --- Commercial banks --- Economic sectors --- Financial institutions --- National accounts --- International trade --- Banks and banking --- Government business enterprises --- Expenditures, Public --- Saving and investment