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This paper examines how durable goods and financial frictions shape the business cycle of a small open economy subject to shocks to trend and transitory shocks. In the data, nondurable consumption is not as volatile as income for both developed and emerging market economies. The simulation of...
Persistent link: https://www.econbiz.de/10014399231
Almost four years since the onset of the global financial and economic crisis, unemployment and underemployment remain stubbornly high in many G20 countries, and many workers remain trapped in low paid, often informal, jobs with little social protection. Job creation has been anemic in many...
Persistent link: https://www.econbiz.de/10012247849
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent …
Persistent link: https://www.econbiz.de/10014395990
catching-up has been so much slower in Poland than in its regional peers, and whether this might hamper Poland's long … Poland. Section II.E concludes the chapter. …
Persistent link: https://www.econbiz.de/10012560019
In March 1999, Poland implemented a systemic pension reform that involved the introduction of a multi-pillar pension … note on the pension sector was elaborated as part of the Poland Financial Sector Assessment Program, or FSAP update that …
Persistent link: https://www.econbiz.de/10012560020
Poland’s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The …
Persistent link: https://www.econbiz.de/10014402340
This report provides the details of the IMF's projections and estimates on the Republic of Poland's sectoral breakdown …; private sector employment by sector, during 1993–98; monetary survey; balance sheet of the national bank of Poland, during …
Persistent link: https://www.econbiz.de/10014402524
This Selected Issues paper analyzes the use of fiscal rules in Poland and also suggests improvements. The study reviews …
Persistent link: https://www.econbiz.de/10014402898
Poland’s macroeconomic performance was strong in the decade leading up to the global crisis. Poland’s commitments to … supervisory framework helped foster a well-capitalized banking system. A successor Flexible Credit Line arrangement for Poland … will play an important role in supporting the government’s economic policy strategy. Although Poland’s underlying …
Persistent link: https://www.econbiz.de/10014403719