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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

Theoretical Aspects of the Design of Fund-Supported Adjustment Programs

International Monetary Fund - 1987

This paper was originally prepared for a seminar of the Executive Board of the Fund. In the seminar, Executive Directors expressed a broad range of views with regard to both the adequacy of the Fund's approach to financial programming and the validity of the analysis presented in this paper

Persistent link: https://www.econbiz.de/10014405907

Public Sector Efficiency and Fiscal Austerity

International Monetary Fund - 1998

private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of …

Persistent link: https://www.econbiz.de/10014400822

Macroeconomics and Famine

International Monetary Fund - 1989

The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement—i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may...

Persistent link: https://www.econbiz.de/10014396163

A Model of Adjustment and Growth : An Empirical Analysis

International Monetary Fund - 1989

This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...

Persistent link: https://www.econbiz.de/10014396167

Debt Relief and Adjustment Incentives : A Theoretical Exploration

International Monetary Fund - 1988

The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...

Persistent link: https://www.econbiz.de/10014396170

Theoretical Aspects of Growth in Developing Countries : External Debt Dynamics and the Role of Human Capital

International Monetary Fund - 1988

This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics of external debt, and yields empirically testable...

Persistent link: https://www.econbiz.de/10014396208

Growth-Oriented Adjustment. Programs : Conceptual Framework

International Monetary Fund - 1988

This paper suggests a conceptual framework that can serve as a basis for the design of growth-oriented adjustment programs. The two building blocks of the model are the well-known monetary approach to the balance of payments, and a variant of the open-economy neoclassical growth model. The...

Persistent link: https://www.econbiz.de/10014396220

Issues in the Design of Growth Exercises

International Monetary Fund - 1988

factor productivity in the process of economic growth and examines the main conceptual and empirical problems involved in … productivity, saving and the cost of capital …

Persistent link: https://www.econbiz.de/10014396223