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Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs
Furlanetto, Francesco; Gelain, Paolo; Sanjani, Marzie Taheri - International Monetary Fund (IMF) - 2014
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure...
Persistent link: https://www.econbiz.de/10010800969
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Estimating Potential Growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - International Monetary Fund (IMF) - 2015
The Middle East and Central Asia’s economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region’s generally low living standards. Why? And is it possible to alter this...
Persistent link: https://www.econbiz.de/10011242348
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How can Korea Boost Potential Output to Ensure Continued Income Convergence?
Jain-Chandra, Sonali; Zhang, Longmei - International Monetary Fund (IMF) - 2014
Korea’s rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea’s potential growth. The main finding is that trend growth...
Persistent link: https://www.econbiz.de/10011142072
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Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow...
Persistent link: https://www.econbiz.de/10011142089
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Corruption and Military Spending
International Monetary Fund (IMF); International … - 2000
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...
Persistent link: https://www.econbiz.de/10005599529
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Pacific Island Countries: In Search of a Trade Strategy
Chen, Hong; Rauqeuqe, Lanieta; Singh, Shiu raj; Wu, Yiqun; … - International Monetary Fund (IMF) - 2014
tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …
Persistent link: https://www.econbiz.de/10010959471
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Kingdom of the Netherlands-Aruba; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns...
Persistent link: https://www.econbiz.de/10011245149
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INSTITUTIONAL THEORY IN TOURISM STUDIES: EVIDENCE AND FUTURE DIRECTIONS
Lavandoski, Joice; Albino Silva, João; … - Centro de Investigação sobre Espaços e … - 2014
scientific studies. The particular goal is to present a literature review about the Institutional Theory applied to the tourism … industry, particularly the wine tourism segment. Different research areas are identified among those developed within … institutional premises in tourism studies. The present review discusses the influence of the institutional framework in the …
Persistent link: https://www.econbiz.de/10010990992
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SPORTS EVENTS AS A TOOL TO LEVERAGE THE TOURISM DESTINATION IMAGE
Pereira, Elsa; Mascarenhas, Maria Margarida; Pires, Gustavo - Centro de Investigação sobre Espaços e … - 2014
Sports events have been used to promote host communities in the global marketplace. A model of strategic leveraging of sport events was created by Chalip (2004), where one of the strategic goals is to “enhance host´s destination image”. This paper presents the findings of a research related...
Persistent link: https://www.econbiz.de/10010990995
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STRUCTURAL EQUATION MODELING APPLIED TO SEX, ROMANCE AND LIMINAL BEHAVIOUR IN TOURISM CONTEXT: THE CASE OF FARO INTERNATIONAL BIKE MEETING
Lança, Milene; Filipe Marques, João; Valle, Patrícia - Centro de Investigação sobre Espaços e … - 2014
Sex and romance are part of everyday life and therefore are part of the contemporary tourism experiences. Tourism, such … dimensions of the theoretical articulation between tourism, romance and sexuality consists of the role played by these latter two …
Persistent link: https://www.econbiz.de/10010990996