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A Noteon the Public Choice Approach to the Growth in Government Expenditure
International Monetary Fund - 1988
the demand for government services as a whole does not appear to be income elastic; (c) that there is some evidence of a …
Persistent link: https://www.econbiz.de/10014395824
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France; Selected Issues
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper analyzes the recent French inflation behavior. The paper demonstrates that the recent change in French headline inflation behavior resulted from a few idiosyncratic, i.e., transient, factors. The paper describes the model setup and calibration of some crucial economic...
Persistent link: https://www.econbiz.de/10005252764
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United Kingdom; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...
Persistent link: https://www.econbiz.de/10005252805
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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
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding active monetary policy. Adjustment to past shocks...
Persistent link: https://www.econbiz.de/10005263930
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A Simple Dge Model for Inflation Targeting
International Monetary Fund (IMF); International … - 2007
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10005264004
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Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants
International Monetary Fund (IMF); International … - 2012
This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depreciation than after an appreciation of the local currency. The average elasticity...
Persistent link: https://www.econbiz.de/10010790331
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Oil Wealth and Economic Behavior : Case of Venezuela 1966-1981
International Monetary Fund - 1988
impact of oil price changes on the level and variability of money demand, balance of payments and inflation are significantly …
Persistent link: https://www.econbiz.de/10014396215
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Some Aspects of Petroleum Product Price Adjustment in the Context of Fund Programs, 1980-1982
International Monetary Fund - 1987
This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to...
Persistent link: https://www.econbiz.de/10014396481
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Oil Market Developments and Issues
International Monetary Fund - 2005
demand that are both highly inelastic in the short run, with the result that even small shocks can have large effects on … price. The difficulty of predicting long-run supply and demand creates uncertainty about future prices. Further, even … current supply and demand data are lacking, which results in additional uncertainty. These features of uncertainty and …
Persistent link: https://www.econbiz.de/10014410102
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People's Republic of China; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201