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Industrial Relations and Macroeconomic Performance : An Application to Spain

International Monetary Fund - 1990

characterizing Spain in the period 1979-86. The paper argues, in accordance with the literature and the cross-country evidence, that … the centralization of bargaining yielded positive macroeconomic effects in Spain, and thus that the shift toward a more …

Persistent link: https://www.econbiz.de/10014395894

Poverty Reduction and Growth Trust : 2017 Borrowing Agreements with the Bank of Spain, the Government of Japan and the People's Bank of China

International Monetary Fund - 2017

Spain (Spain), amendments to the 2010 NPA with the Government of Japan (Japan), and a new note purchase agreement (NPA) with … the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …

Persistent link: https://www.econbiz.de/10014408739

The Role of the Public Sector in the Market Economies of Developing Asia : General Lessons for the Current Debt Strategy

International Monetary Fund - 1988

This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the...

Persistent link: https://www.econbiz.de/10014395758

Employment and Wages in the Public Sector : A Cross-Country Study

International Monetary Fund - 1995

We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and 21 OECD countries from 1972–992, by estimating equations suggested by an efficiency wage model. We find that government employment is positively associated with the relaxation...

Persistent link: https://www.econbiz.de/10014398143

Public Sector Efficiency and Fiscal Austerity

International Monetary Fund - 1998

This paper uses a simple model to analyze the forces that determine the size of the public sector and the quality of workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that maximizes a social welfare function U(s, Y) that depends on...

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

The Quality of Governance : Second-Generation Civil Service Reform in Africa

International Monetary Fund - 1998

This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era the quality of governance has seriously declined, and the stock of human capital in the...

Persistent link: https://www.econbiz.de/10014401612

Public Sector Debt Definitions and Reporting in Low-Income Developing Countries

International Monetary Fund - 2020

Increasing public debt vulnerabilities in low-income developing countries (LIDCs) have heightened the need for fuller and more transparent accounting of public sector debt (PSD). The framework for reporting on public sector debt is sound. But there is room for LIDCs to further improve their...

Persistent link: https://www.econbiz.de/10014407902

Assessing Public Sector Borrowing Collateralized on Future Flow Receivables

International Monetary Fund - 2003

Persistent link: https://www.econbiz.de/10014409880

Spain : Staff Report for the 2012 Article IV Consultation

International Monetary Fund - 2012

situation. Spain also suffered a reversal of private external financing flows in 2011 and 2012. To counter this situation, major …

Persistent link: https://www.econbiz.de/10014395429

Spain : Vulnerabilities of Private Sector Balance Sheets and Risks to the Financial Sector Technical Notes

International Monetary Fund - 2012

This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the potential impacts from macroeconomic shocks using sensitivity and contingent claims analyses. The note analyzes the risks to the Spanish financial stability arising from household...

Persistent link: https://www.econbiz.de/10014395879