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Wage Flexibility in Turbulent Times; A Practitioner's Guide
International Monetary Fund (IMF); International … - 2005
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …
Persistent link: https://www.econbiz.de/10005248228
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Equilibrium Wage Dispersion; An Example
International Monetary Fund (IMF); International … - 2006
-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
Persistent link: https://www.econbiz.de/10005263884
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A Cointegration Model for Search Equilibrium Wage Formation
International Monetary Fund (IMF); International … - 2004
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10005604781
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Growth Spillover Dynamics From Crisis to Recovery
International Monetary Fund (IMF); International … - 2011
Can positive growth shocks from the faster-growing countries in Europe spill over to the slower growing countries, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in the context of the crisis and the recovery process....
Persistent link: https://www.econbiz.de/10009327861
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Spillovers From the Rest of the World Into Sub-Saharan African Countries
International Monetary Fund (IMF); International … - 2009
This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world growth in trade weighted by partner countries and several control variables: oil...
Persistent link: https://www.econbiz.de/10008528637
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Decoupling From the East toward the West? Analyses of Spillovers to the Baltic Countries
International Monetary Fund (IMF); International … - 2009
This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing...
Persistent link: https://www.econbiz.de/10008528644
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European Financial Linkages; A New Look At Imbalances
International Monetary Fund (IMF); International … - 2010
We document external investment positions among European Union countries at the start of the financial crisis through the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and derivatives. While there are some gaps in the data, the...
Persistent link: https://www.econbiz.de/10008839331
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External Finance, Sudden Stops, and Financial Crisis; What is Different This Time?
International Monetary Fund (IMF); International … - 2010
This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...
Persistent link: https://www.econbiz.de/10008560432
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The Impact of Introducing a Minimum Wageon Business Cycle Volatility; A Structural Analysis for Hong Kong SAR
International Monetary Fund (IMF); International … - 2008
affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 …
Persistent link: https://www.econbiz.de/10005263930
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Analyzing Fiscal Space Using the Mams Model; An Application to Burkina Faso
International Monetary Fund (IMF); International … - 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10008540936