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International Monetary Fund (IMF); International … - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10008561068

Once Again, is Openness Good for Growth?

International Monetary Fund (IMF); International … - 2004

main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this …

Persistent link: https://www.econbiz.de/10005768790

Norway: Selected Issues Paper

International Monetary Fund (IMF); International … - 2014

Persistent link: https://www.econbiz.de/10011245036

Switzerland: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland

International Monetary Fund (IMF); International … - 2014

This 2014 Article IV Consultation outlines that the growth of the Swiss economy has gathered pace, but inflation remains close to zero. The recovery is expected to continue and inflation should rise gradually although the output gap will progressively close. The fiscal position is healthy, with...

Persistent link: https://www.econbiz.de/10011243413

Mexico; Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market

International Monetary Fund (IMF); International … - 2007

This paper presents a technical note on Mexicoâ€™s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...

Persistent link: https://www.econbiz.de/10011244170

Tonga; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2007

This 2007 Article IV Consultation highlights that Tongaâ€™s real GDP growth is estimated to turn negative in FY06/07, declining by 3Â½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the...

Persistent link: https://www.econbiz.de/10011244772

Russian Federation; Selected Issues

International Monetary Fund (IMF); International … - 2008

This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral...

Persistent link: https://www.econbiz.de/10011245351

Ukraine; Selected Issues

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper analyses the impact that rising energy import prices might have on growth and inflation in Ukraine. The paper examines how rising gas prices might elevate macrofiscal risks in Ukraineâ€™s state enterprise sector. It assesses Ukraineâ€™s equilibrium exchange...

Persistent link: https://www.econbiz.de/10011245611

Tonga; 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2008

This 2008 Article IV Consultation highlights that Tongaâ€™s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery. The key factor underpinning this resilience has been private investment. Donor-supported government reconstruction loans are...

Persistent link: https://www.econbiz.de/10011245814

Wage Flexibility in Turbulent Times; A Practitioner's Guide

International Monetary Fund (IMF); International … - 2005

This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper … uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable …

Persistent link: https://www.econbiz.de/10005248228