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Oil Rents, Corruption, and State Stability : Evidence From Panel Data Regressions
International Monetary Fund - 2009
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 31 oil-exporting countries during the period 1992 to 2005. We find that an increase in oil rents significantly increases...
Persistent link: https://www.econbiz.de/10014402218
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Budget Processes and Commitment to Fiscal Discipline
International Monetary Fund - 1996
This paper develops a political-economy model of the budget process focusing on the common pool problem of the public budget. We show that the externality arising from the fact that public spending tends to be targeted at individual groups in society while the tax burden is widely dispersed...
Persistent link: https://www.econbiz.de/10014398060
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Anticipation and Surprises in Central Bank Interest Rate Policy : The Case of the Bundesbank
International Monetary Fund - 1998
Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...
Persistent link: https://www.econbiz.de/10014400820
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A Noteon the Public Choice Approach to the Growth in Government Expenditure
International Monetary Fund - 1988
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries …
Persistent link: https://www.econbiz.de/10014395824
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Agricultural Trade and Protection in Asia
International Monetary Fund - 1988
The study reveals agricultural import restrictions are widely applied in Asia, but that Japan and Korea impose lower average tariffs and nontariff barriers with less frequency than most Asian countries. It also finds several low and middle-income countries enforce relatively low protection for...
Persistent link: https://www.econbiz.de/10014396383
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United Germany : the first five years ; performance and policy issues
Corker, Robert (contributor); Feldman, Robert A. (contributor) - International Monetary Fund - 1995
Persistent link: https://www.econbiz.de/10000543705
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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund - 2005
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
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Germany : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for Germany
International Monetary Fund - 2008
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10014401585
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Germany : Selected Issues
International Monetary Fund - 2008
leading to speculation about delayed increases or competitive pressures. Given Germany’s large size and openness, spillover … interactions appear to have increased over time. In the midst of a strong recovery, Germany is facing shortages of labor, the … emigration of high-skilled labor, and a reduction in immigration. Germany’s traditionally insider-dominated corporate governance …
Persistent link: https://www.econbiz.de/10014401906
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Germany : 2000 Article IV Consultation-Staff Report; Statement by Staff Representative; and Public Information Notice Following Consultation
International Monetary Fund - 2000
Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering …
Persistent link: https://www.econbiz.de/10014402356