2021 Comprehensive Surveillance Review— Background Paper on Scenario Planning
Policy Papers, May 18, 2021
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- 2021 Comprehensive Surveillance Review— Background Paper on Scenario Planning
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Bibliographic details
- Published: May 18, 2021
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513583174.007
Overview
- Publication date: May 18, 2021
- Core purpose: Use scenario planning exercises to draw out surveillance priorities and stress-test the robustness of those priorities to uncertainties in the decade ahead.
- Central priorities addressed:
- Confronting risks and uncertainties
- Mitigating spillovers
- Economic sustainability through a unified policy approach
Key findings from the scenario planning exercises
- The scenarios illustrate how different shocks and alternative policy approaches:
- Carry their own risks
- Can have both positive and negative spillovers
- Scenarios demonstrate complex economic and non-economic factors feeding into the priority on economic sustainability
- Scenarios show how resource constraints and changing economic structures underpin the need for a unified policy approach
Policy implications and emphasis
- Surveillance priorities should be stress-tested against a range of plausible scenarios over the next decade
- Policies must account for:
- Trade-offs where actions to address one risk can create spillovers elsewhere
- Interactions between economic sustainability concerns and non-economic factors
- A unified policy approach is warranted given resource constraints and evolving economic structures
Subjects and keywords
- Subject: Economic sectors, Environment, Fintech, Health, Monetary policy, Political economy, Technology, Transnational corporations
- Keywords: Europe, Fintech, Global, IMF's transparency policy, policy approach, projections of the IMF, service provision, surveillance priority, Transnational corporations
Content in this bundle
- Policy Paper