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Articles by Galen Sher
How Europe Can Capture The AI Growth Dividend - Analysis
Can artificial intelligence provide a much-needed boost to Europe’s economic productivity? Use of AI is spreading much faster than earlier technologies, such as the personal computer and the internet. And AI promises significant productivity jumps by automating many tasks and enhancing human capabilities. However, achieving large gains will hinge on European countries’ commitment to growth-enhancing reforms and willingness to being flexible on regulation, to help the new technology to flourish.
Cómo Europa puede captar el dividendo del crecimiento de la IA
Y la IA promete saltos significativos en la productividad al automatizar muchas tareas y mejorar las capacidades humanas. Sin embargo, lograr grandes avances dependerá del compromiso de los países europeos con reformas que impulsen el crecimiento y su disposición a ser flexibles en la regulación, para ayudar a que la nueva tecnología prospere.
How Europe Can Capture the AI Growth Dividend
Can artificial intelligence provide a much-needed boost to Europe’s economic productivity? Use of AI is spreading much faster than earlier technologies, such as the personal computer and the internet. And AI promises significant productivity jumps by automating many tasks and enhancing human capabilities. However, achieving large gains will hinge on European countries’ commitment to growth-enhancing reforms and willingness to being flexible on regulation, to help the new technology to flourish.
Spending Smarter To Boost Growth - Analysis
Over the past two decades, Rwanda achieved remarkable progress. Nearly every household now has access to mobile phones and primary education. More than half the population has electricity, and one in five has clean drinking water and sanitation services. Rwandans consume three times more electricity and live 20 years longer. These gains came from relatively modest increases in investment, education, and health spending from $150 to $420 per person—which is even below the sub-Saharan African average.
Spending Smarter to Boost Growth
Over the past two decades, Rwanda achieved remarkable progress. Nearly every household now has access to mobile phones and primary education. More than half the population has electricity, and one in five has clean drinking water and sanitation services. Rwandans consume three times more electricity and live 20 years longer. These gains came from relatively modest increases in investment, education, and health spending from $150 to $420 per person—which is even below the sub-Saharan African average.
Gasto más inteligente para fomentar el crecimiento
Lo que ha logrado Rwanda en las últimas dos décadas es notable. Casi todos los hogares ahora tienen acceso a teléfonos móviles y educación primaria. Más de la mitad de la población tiene electricidad, y uno de cada cinco habitantes dispone de agua potable y servicios de saneamiento. Los ruandeses ahora consumen tres veces más electricidad y viven 20 años más.
AI and Productivity in Europe
Our eLibrary offers over 25,000 IMF publications in multiple formats. Explore Latest economic research and insights delivered to your inbox each month. Subscribe AI and Productivity in Europe Download PDF More Formats on IMF eLibrary Order a Print Copy ProCite RefWorks Reference Manager BibTex Zotero Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
Options for Creating Fiscal Room for Investment and Other Spending Needs: Germany
Options for Creating Fiscal Room for Investment and Other Spending Needs: Germany Author/Editor: Galen Sher Publication Date: August 1, 2024 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: Germany needs substantially higher levels of public investment. At the same time, the country is facing rising pension, healthcare, long-term care, and defense expenditures.
Europe Can Reap Sizable Energy Security Rewards by Scaling Up Climate Action
Climate Change, Economy & Trade, Environment, Europe, Featured, Headlines, IPS UN: Inside the Glasshouse, Sustainable Development Goals, TerraViva United Nations Opinion Reprint | | Print | WASHINGTON DC, Jun 5 2024 (IPS) - Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda. Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables.
Europe Can Reap Sizable Energy Security Rewards By Scaling Up Climate Action
May 31, 2024 (MENAFN via COMTEX) -- (MENAFN - Caribbean News Global) Meeting the continent's emission reduction targets could enhance energy security metrics by 8 percent by 2030 - and that would be just the start By Geoffroy Dolphin , Romain Duval , Galen Sher , Hugo Rojas-Romagosa Russia's invasion of Ukraine triggered Europe's worst energy crisis since the 1970s and put energy security back at the top of the policy agenda.
Europe can reap sizable energy security rewards by scaling up climate action - Caribbean News Global
Meeting the continent’s emission reduction targets could enhance energy security metrics by 8 percent by 2030 – and that would be just the start By Geoffroy Dolphin, Romain Duval, Galen Sher, Hugo Rojas-Romagosa Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda. Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables.
Europe Can Reap Sizable Energy Security Rewards By Scaling Up Climate Action - Analysis
Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda. Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables. Reducing greenhouse gas emissions would, they said, not only mitigate climate change but also strengthen energy security.
Europa puede cosechar importantes frutos en términos de seguridad energética si intensifica la acción por el clima
La invasión rusa de Ucrania fue el detonante de la peor crisis energética en Europa desde la década de 1970 y volvió a situar la seguridad energética en lo más alto de la agenda política. La reacción de las autoridades fue rápida: asegurar el suministro alternativo de gas natural, mejorar la eficiencia energética y ampliar las energías renovables.
Europe Can Reap Sizable Energy Security Rewards by Scaling Up Climate Action
Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda. Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables. Reducing greenhouse gas emissions would, they said, not only mitigate climate change but also strengthen energy security.
The Energy Security Gains from Strengthening Europe’s Climate Action
The Energy Security Gains from Strengthening Europe’s Climate Action Author/Editor: Geoffroy Dolphin ; Romain A Duval ; Hugo Rojas-Romagosa ; Galen Sher Publication Date: May 30, 2024 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Germany’s Real Challenges are Aging, Underinvestment, and Too Much Red Tape
Germany’s Real Challenges are Aging, Underinvestment, and Too Much Red Tape Germany faces some serious economic challenges, but they aren’t necessarily the ones getting the most attention. Solving these challenges requires ambitious reforms Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group’s slowest-growing economy again this year, according to our latest projections. Some pundits say Germany’s economic model is irreparably broken.
Borrower-Based Macroprudential Instruments in Germany
Borrower-Based Macroprudential Instruments in Germany Author/Editor: Galen Sher Publication Date: July 24, 2023 Electronic Access: Summary: Germany’s macroprudential policy toolkit is well-developed, but its key missing piece is a set of instruments related to a borrower’s income. In addition, existing powers to adopt LTV limits have not yet been deployed.
Cars and the Green Transition: Challenges and Opportunities for European Workers
Cars and the Green Transition: Challenges and Opportunities for European Workers Author/Editor: Oya Celasun ; Galen Sher ; Petia Topalova ; Jing Zhou Publication Date: June 2, 2023 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
Spillovers to Emerging Markets from US Economic News and Monetary Policy
Spillovers to Emerging Markets from US Economic News and Monetary Policy Author/Editor: Philipp Engler ; Roberto Piazza ; Galen Sher Publication Date: May 19, 2023 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
Germany is on Track to Meeting its Gas Saving Target
Germany is on Track to Meeting its Gas Saving Target By Yushu Chen and Galen Sher A partial shutoff of Russian gas is already piling pressure on Germany’s economy. In July, we estimated that a complete shutoff of the remaining (40 percent of) Russian gas supplies would reduce gross domestic product by almost 3 percent next year and raise inflation significantly. The effects could be even worse if the winter is particularly cold.
The Economic Impacts on Germany of a Potential Russian Gas Shutoff
The Economic Impacts on Germany of a Potential Russian Gas Shutoff Author/Editor: Ting Lan ; Galen Sher ; Jing Zhou Publication Date: July 19, 2022 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
How Rising Interest Rates Could Affect Emerging Markets
(Photo: Saiyna Bashir/IMF Photos) By Philipp Engler, Roberto Piazza and Galen Sher عربي, 中文, Español, Français, 日本語, Português, Русский Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery. In anticipation, longer-term US interest rates have risen rapidly, with the rate on 10-year Treasury securities going from under 1 percent at the start of the year to over 1.75 percent in mid-March.
Migration to Advanced Economies Can Raise Growth
By Philipp Engler, Margaux MacDonald, Roberto Piazza, and Galen Sher عربي, 中文, Español, Français, 日本語, Português, Русский Migration has been the focus of intense political debate in recent years. While most people have positive perceptions about immigrants, there are misconceptions and concerns. For instance, some think that migrants are a burden on economies.
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