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An Anatomy of Credit Booms; Evidence From Macro Aggregates and Micro Data
Terrones, Marco; Mendoza, Enrique G. - International Monetary Fund (IMF) - 2008
but not by financial reforms or productivity gains. …
Persistent link: https://www.econbiz.de/10005263687
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Sustaining Growth Accelerations and Pro-Poor Growth in Africa
Gupta, Sanjeev; Pattillo, Catherine A.; Carey, Kevin Joseph - International Monetary Fund (IMF) - 2005
Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in...
Persistent link: https://www.econbiz.de/10005264160
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Commodity Price Volatility and the Sources of Growth
International Monetary Fund (IMF); International … - 2012
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10009650613
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Asset Prices in Affine Real Business Cycle Models
Shamloo, Maral; Malkhozov, Aytek - International Monetary Fund (IMF) - 2010
models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log …
Persistent link: https://www.econbiz.de/10008727787
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The effects of news about future productivity on international relative prices: an empirical investigation
Nam, Deokwoo; Wang, Jian - Federal Reserve Bank of Dallas - 2010
In this paper, we find that expected (news) and unexpected (contemporaneous) components of productivity changes have … factor productivity (TFP) into news and contemporaneous productivity changes. The US real exchange rate appreciates following … international transmission of productivity shocks and the modeling of exchange rate volatility. …
Persistent link: https://www.econbiz.de/10008739773
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Cointegrated TFP Processes and International Business Cycles
Tuesta, Vicente; Rubio-Ramirez, Juan F.; Rabanal, Pau - International Monetary Fund (IMF) - 2009
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the "rest of the world," is characterized by a vector error...
Persistent link: https://www.econbiz.de/10008559267
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Germany; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper attempts to analyze the end-point problem and improve the quality of potential GDP estimates for Germany. It projects that Germany’s potential GDP growth will slow over the coming decade, mainly because of declining labor input. The paper focuses on a long-term...
Persistent link: https://www.econbiz.de/10005825173
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Recent French Export Performance; Is there a Competitiveness Problem?
Kabundi, Alain N.; Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2009
Recently, the export performance of France relative to its own past and relative to a major trading partner, Germany, deteriorated. That deterioration seems related to the geographical destination and product composition of trend exports. Faced with an increase in unit labor costs or in its...
Persistent link: https://www.econbiz.de/10005769088
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Economic Integration, Business Cycle, and Productivity in North America
Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2004
productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …
Persistent link: https://www.econbiz.de/10005769318
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Is the Growth Momentum in Latin America Sustainable?
Sosa, Sebastian; Tsounta, Evridiki; Kim, Hye S - International Monetary Fund (IMF) - 2013
in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation …
Persistent link: https://www.econbiz.de/10010790356