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The Impact of Introducing a Minimum Wageon Business Cycle Volatility : A Structural Analysis for Hong Kong SAR
International Monetary Fund - 2008
.2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 …
Persistent link: https://www.econbiz.de/10014401464
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Deconstructing the International Business Cycle : Why Does a U.S. Sneeze Give the Rest of the World a Cold?
International Monetary Fund - 2010
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644
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Trends and Cycles in the U.S. Economy
International Monetary Fund - 1990
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395945
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Burkina Faso : Selected Issues
International Monetary Fund - 2008
This paper assesses the link between public investment and economic growth in Burkina Faso. It also evaluates Burkina Faso's external competitiveness by using a comparison of REER to its equilibrium levels and a survey-based assessment of overall competitiveness. The report attempts to quantify...
Persistent link: https://www.econbiz.de/10014405524
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Roads to Nowhere : How Corruption in Public investment Hurts Growth
International Monetary Fund - 1998
In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and trends to enlarge their size andcomplexity. The...
Persistent link: https://www.econbiz.de/10014409386
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Improving Public Investment Efficiency in the G-20
International Monetary Fund - 2015
Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst for economic growth. A significant body of theoretical and empirical research underscores the positive relationship between investment in high-quality public infrastructure and...
Persistent link: https://www.econbiz.de/10014408539
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Making Public Investment More Efficient
International Monetary Fund - 2015
Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities, and can serve as an important catalyst for economic growth. After three decades of decline, public investment has begun to recover as a share of GDP in emerging markets (EMs)...
Persistent link: https://www.econbiz.de/10014408564
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Public Investment and Fiscal Policy : Lessons From the Pilot Country Studies
International Monetary Fund - 2005
This paper reports on findings from eight pilot country studies on public investment that were carried out during the second half of 2004. The pilot country studies covered a diverse group of countries. Specifically, they included countries in Latin America (Brazil, Chile, Colombia, and Peru),...
Persistent link: https://www.econbiz.de/10014409802
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The Federal Democratic Republic of Ethiopia; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
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The Federal Democratic Republic of Ethiopia; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
of Ethiopia are encouraging, with a significant deceleration in inflation and continued robust economic growth. Despite … construction and other services activities. Inflation declined from the peak of 40 percent in July 2011 to about 7 percent in June …
Persistent link: https://www.econbiz.de/10011245705