IMF World Economic Outlook (WEO) -- Building Institutions, September 2005
World Economic Outlook, September 14, 2005
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- IMF World Economic Outlook (WEO) -- Building Institutions, September 2005
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Bibliographic details
- Published: September 14, 2005
- Series: World Economic Outlook
Publication overview and purpose
- The World Economic Outlook presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.
- It focuses on major economic policy issues as well as on the analysis of economic developments and prospects.
- It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
- Use the free Adobe Acrobat Reader to view PDF files.
Key dates and related materials
- September 2005 World Economic Outlook (WEO) Table of Contents with links to the full text in PDF format
- Transcript of World Economic Outlook Press Briefing: September 21, 2005
- World Economic Outlook Conference Call Transcript: September 14, 2005
- World Economic Outlook Database and WEO Selected Topics, 1995 - present
Contents and structure (selected items with file sizes where provided)
- Assumptions and Conventions — 208 kb
- Preface
- Foreword
- Chapter I. Economic Prospects and Policy Issues — 697 kb
- Regional and country sections include:
- United States and Canada: Strong U.S. Growth, but Rising Housing Market Risks
- Western Europe: The Recovery Continues to Struggle
- Japan: A Strong Rebound, but Reforms Need to Continue
- Emerging Asia and the Pacific: Balanced, Twin-Engined Growth Needed
- Latin America: Will This Be a More Resilient Expansion?
- Emerging Europe: Is Rapid Credit Growth a Cause for Concern?
- Commonwealth of Independent States: Favorable Short-Term Outlook Masks Medium-Term Investment Risks
- Africa: How Can the Benefits of a Rising Working Age Population be Maximized?
- The Middle East: Managing Booming Oil Exports
- Appendix 1.1 Recent Market Developments in Commodity Markets
- Appendix 1.2 How Will Global Imbalances Adjust?
- References
- Chapter II. Global Imbalances: A Saving and Investment Perspective — 286 kb
- Global Saving and Investment: The Current State of Play
- What Drives Saving, Investment, and the Current Account?
- How Can Existing Global Current Account Imbalances Be Reduced?
- Appendix 2.1. Sample Composition, Data Sources, Methods, and Results
- Chapter III. Building Institutions — 1,700 kb
- The Role of Institutions
- When Do Institutions Change?
- What Changes Institutions?
- Institutions and the External Environment
- Conclusions
- Appendix 3.1. Sample Composition, Data Sources, and Methods
- Chapter IV. Does Inflation Targeting Work in Emerging Markets? — 219 kb
- What Is Inflation Targeting and Why Does Inflation Targeting Matter?
- Inflation Targeting: An Assessment of the Impact
- Do “Preconditions” Need to Be Met Before the Adoption of Inflation Targeting?
- Conclusion
- Appendix 4.1. Details on Econometric Specifications and on Data from the Survey on Preconditions and Current Conditions
- Annex: Summing Up by the Acting Chair — 82 kb
- Statistical Appendix — 356 kb
- Assumptions
- What's New
- Data and Conventions
- Classification of Countries
- List of Tables (Output, Inflation, Financial Policies, Foreign Trade, Current Account Transactions, Balance of Payments and External Financing, External Debt and Debt Service, Flow of Funds, Medium-Term Baseline Scenario)
- A1 Economic Policy Assumptions Underlying the Projections for Selected Advanced Economies — 109 kb
Major analytical themes and topics emphasized
- Economic prospects and policy issues across advanced economies, emerging markets, and regions, with detailed regional chapters in Chapter I.
- Global imbalances analyzed from a saving and investment perspective in Chapter II, including drivers and possible adjustment paths.
- Institutional development is the focus of Chapter III ("Building Institutions"), addressing:
- The role of institutions in economic performance.
- Timing and drivers of institutional change.
- Interactions between institutions and the external environment.
- The effectiveness and prerequisites of inflation targeting in emerging markets are assessed in Chapter IV.
Boxes, charts, and tables of substantive relevance
- Chapter I Boxes include topics such as public debt in emerging markets, U.S. international income account dynamics, divergent external sector performance in the euro area, India as an engine for global growth, pressures on African cotton producers, and policies to reduce global imbalances.
- Chapter II Boxes include saving and investment in China; return on investment in industrial and developing countries; demographic impacts on saving, investment, and current accounts; and investment in Emerging Asia.
- Chapter III Boxes include:
- Developing Institutions to Reflect Local Conditions: The Example of Ownership Transformation in China Versus Central and Eastern Europe
- The Use of Specific Levers to Reduce Corruption
- Examining the Impact of Aid and Resource Rents on Institutions
- Chapter IV Boxes include inflation-targeting alternatives and credibility-related topics.
- A comprehensive set of charts and tables covers global indicators, regional scenarios, commodity markets, financial conditions, institutional transitions, robustness checks, and projections (many specific chart and table titles are listed in the contents).
Notable datasets and empirical components
- Appendices detail sample composition, data sources, methods, econometric specifications, survey data on preconditions and current conditions, and statistical tables for cross-country and panel analyses.
- Chapter III includes empirical measures such as Frequency of Institutional Transitions, Institutional Transitions: Probit Estimates, Institutional Quality: Cross-Sectional and Panel IV Estimates, and a List of Institutional Transitions, 1970–2004.
- Chapter II and IV include baseline results and multiple robustness checks and scenario experiments (titles of charts and tables indicate scenario analysis such as "How Would the Current Account React..." and "Scenarios for Global Adjustments").
Imf World Economic Outlook (WEO) -- Building Institutions, September 2005
Content in this bundle
- weo0905c
- Box1_1.pdf
- Box1_2.pdf
- Box1_3.pdf
- Box1_4.pdf
- Box1_5.pdf
- Fig1_10.pdf
- Fig1_11.pdf
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- Fig1_1.pdf
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- Fig1_2.pdf
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- Fig1_3.pdf
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- Fig1_8.pdf
- Fig1_9.pdf
- Box2_1.pdf
- Box2_3.pdf
- Box2_4_1.pdf
- Box2_4_2.pdf
- Fig2_10.pdf
- Fig2_11.pdf
- Fig2_12.pdf
- Fig2_1.pdf
- Fig2_2.pdf
- Fig2_3.pdf
- Fig2_4.pdf
- Fig2_5.pdf
- Fig2_6.pdf
- Fig2_7.pdf
- Fig2_8.pdf
- Fig2_9.pdf
- Box3_3.pdf
- Fig3_10.pdf
- Fig3_11.pdf
- Fig3_12.pdf
- Fig3_13.pdf
- Fig3_1.pdf
- Fig3_2.pdf
- Fig3_3newcolor.pdf
- Fig3_4.pdf
- Fig3_5.pdf
- Fig3_6.pdf
- Fig3_7.pdf
- Fig3_8.pdf
- Fig3_9.pdf
- Box4_1_1.pdf
- Box4_1_2.pdf
- Box4_2.pdf
- Fig4_1.pdf
- Fig4_2.pdf
- Fig4_3.pdf
- Perspectivas de la Economía Mundial -- Septiembre de 2005
- Weo0905f
- World Economic Outlook, September 2005: Annex. Summing Up by the Acting Chair
- World Economic Outlook -- September 2005: Chapter 1. Economic Prospects and Policy Issues
- Chapter2pdf
- World Economic Outlook, September 2005: Chapter 3. Building Institutions
- Chapter4pdf
- World Economic Outlook, September 2005: Table of Contents, Preface, Foreword
- World Economic Outlook, September 2005: Statistical Appendix
- World Economic Outlook -- September 2005: Selected Topics
- World Economic Outlook, September 2005 -- In Russian
- Box1 1
- Box1 2
- Box1 3
- Box1 4
- Box1 5
- Fig1 1
- Fig1 10
- Fig1 11
- Fig1 12
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- Fig1 4
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- Box2 1
- Box2 3
- Box2 4 1
- Box2 4 2
- Fig2 1
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- Fig2 11
- Fig2 12
- Fig2 2
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- Fig2 4
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- Box3 3
- Fig3 1
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- Fig3 13
- Fig3 2
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- Fig3 9
- Box4 1 1
- Box4 1 2
- Box4 2
- Fig4 1
- Fig4 2
- Fig4 3
- Chapter 1
References
- World Economic Outlook Database
- Transcript
- Transcript
- Other issues of the World Economic Outlook
- WEO Selected Topics, 1995 - present
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