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A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States

International Monetary Fund - 1989

The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the...

Persistent link: https://www.econbiz.de/10014396053

Inflation Dynamics in Kazakstan

International Monetary Fund - 1995

In January 1992, Kazakstan initiated a reform program to move toward market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level toward those observed in market economies. The paper shows how the piecemeal...

Persistent link: https://www.econbiz.de/10014398244

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy

International Monetary Fund - 2010

This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...

Persistent link: https://www.econbiz.de/10014398416

Asia Rising : A Sectoral Perspective

International Monetary Fund - 2007

This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …

Persistent link: https://www.econbiz.de/10014401163

Interpreting Real Exchange Rate Movements in Transition Countries

International Monetary Fund - 2001

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

Persistent link: https://www.econbiz.de/10014403602

International Spillovers of Taxiation

International Monetary Fund - 1989

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...

Persistent link: https://www.econbiz.de/10014396181

Commodity Price Volatility and the Sources of Growth

International Monetary Fund - 2012

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

Persistent link: https://www.econbiz.de/10014396933

Trends and Cycles in the U.S. Economy

International Monetary Fund - 1990

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395945

The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union : A View From the Supply Side

International Monetary Fund - 2000

collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors …

Persistent link: https://www.econbiz.de/10014399817