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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
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Equilibrium Wage Dispersion; An Example
International Monetary Fund (IMF); International … - 2006
-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
Persistent link: https://www.econbiz.de/10005263884
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The Impact of Introducing a Minimum Wageon Business Cycle Volatility; A Structural Analysis for Hong Kong SAR
International Monetary Fund (IMF); International … - 2008
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding active monetary policy. Adjustment to past shocks...
Persistent link: https://www.econbiz.de/10005263930
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Analyzing Fiscal Space Using the Mams Model; An Application to Burkina Faso
International Monetary Fund (IMF); International … - 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10008540936
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A Cointegration Model for Search Equilibrium Wage Formation
International Monetary Fund (IMF); International … - 2004
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10005604781
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Kenya; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2009
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
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Republic of Kazakhstan; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful in ensuring that government revenue volatility does not...
Persistent link: https://www.econbiz.de/10011244190
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2009
South Africa’s macroeconomic policies face a complicated task of balancing between supporting domestic demand and maintaining stability. The Selected Issues paper for South Africa discusses economic development and policies. Although the opening output gap and declining employment do call...
Persistent link: https://www.econbiz.de/10011244312
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Sweden; Financial Sector Assessment Program Update: Technical Note on Stress Testing of the Banking Sector
International Monetary Fund (IMF); International … - 2011
Although Sweden has recovered from the financial crisis, authorities have already initiated exit measures from crisis response policies. The Financial Sector Assessment Program (FSAP) Update undertook a financial stability analysis of the banking sector, including a comprehensive stress-testing...
Persistent link: https://www.econbiz.de/10011244366
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Australia; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper on Australia highlights the IMF’s new Global Integrated Monetary and Fiscal Model (GIMF), which is used to examine the macroeconomic implications of alternative fiscal responses to higher revenue. Lower labor and capital income taxes, along with higher public...
Persistent link: https://www.econbiz.de/10011244382