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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
programs whose aim is to eliminate market constraints predominate those that can be achieved through interpersonal income …
Persistent link: https://www.econbiz.de/10014396379
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10014407049
Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong...
Persistent link: https://www.econbiz.de/10014403229
For most citizens, buying a residential property (dwelling) is the most important transaction during their lifetime. Residential properties represent the most significant component of households’ expenses and, at the same time, their most valuable assets. The Residential Property Prices...
Persistent link: https://www.econbiz.de/10014394866
is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …
Persistent link: https://www.econbiz.de/10014401163
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled …
Persistent link: https://www.econbiz.de/10014403126
that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …
Persistent link: https://www.econbiz.de/10014403602
analysis of international economic interdependence focusing on income, consumption, and international borrowing. A simulation … frameworks are used to analyze the consequences of revenue-neutral conversions between income and consumption (VAT) tax systems …
Persistent link: https://www.econbiz.de/10014396181