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Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
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Modeling Buffer Stock Money : An Appraisal
International Monetary Fund - 1988
The buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this paper shows, the attempts to model the buffer stock role have led to certain...
Persistent link: https://www.econbiz.de/10014395769
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Nominal Interest Rate Pegging Under Alternative Expectations Hypotheses
International Monetary Fund - 1988
Nominal interest rate pegging leads to instability in an IS-LM model with a vertical long-run Phillips curve and backward-looking inflation expectations. However, it does not lead to instability in several large multicountry econometric models, apparently primarily because these models have...
Persistent link: https://www.econbiz.de/10014396137
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An Econometric Rational Expectations Macroeconomic Model for Developing Countries with Capital Controls
International Monetary Fund - 1990
developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of …
Persistent link: https://www.econbiz.de/10014396265
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Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing-Country Model with Rational Expectations
International Monetary Fund - 1990
The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
Persistent link: https://www.econbiz.de/10014396467
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Finland : 2004 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland
International Monetary Fund - 2005
The staff report for the 2004 Article IV Consultation on Finland highlights economic background and policy discussions … structural unemployment remains high, and Finland faces a rapidly changing global and domestic environment that calls for hard …
Persistent link: https://www.econbiz.de/10014405404
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Finland : Report on the Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework
International Monetary Fund - 2005
This Report on the Observance of Standards and Codes data module provides an assessment of Finland’s macroeconomic … Quality Assessment Framework, July 2003. The report reveals that Finland’s macroeconomic statistics are of generally high … quality. They are adequate to conduct effective surveillance. Finland’s statistical managers are highly aware of all …
Persistent link: https://www.econbiz.de/10014405553
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Finland : Financial System Stability Assessment Update
International Monetary Fund - 2010
The Finnish financial sector has weathered during the global crisis. Banks’ capital buffers were sufficient, but liquidity and credit risks required monitoring. The study assessed that there is a need for strong crisis management framework. It is found that an evaluation of Deposit Guarantee...
Persistent link: https://www.econbiz.de/10014405918
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Finland : 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finl...
International Monetary Fund - 2010
Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in …
Persistent link: https://www.econbiz.de/10014405920
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Finland : Selected Issues
International Monetary Fund - 2003
In light of potential changes in fiscal policy in Finland, the impact of changes in the fiscal stance on short …-term economic growth is an issue of interest. This paper estimates the short-term impact of fiscal policy on growth in Finland. The …
Persistent link: https://www.econbiz.de/10014406029