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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
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 ….2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …
Persistent link: https://www.econbiz.de/10014401464
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Do Government Wage Cuts Close Budget Deficits? : A Conceptual Framework for Developing Countries and Transition Economies
International Monetary Fund - 1996
Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sector. In a simple analytical framework, it is shown that higher wage levels alter...
Persistent link: https://www.econbiz.de/10014396160
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Republic of Korea: selected issues
Eskesen, Leif - 2010
Persistent link: https://www.econbiz.de/10009504217
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Korea : Financial Sector Assessment
International Monetary Fund - 2013
Since the financial crisis in 1997-98, Korea has made major progress in financial, and corporate sector reform - the supervisory and regulatory regime for the financial sector has been substantially strengthened, and recent reforms helped achieve a high degree of observance of international...
Persistent link: https://www.econbiz.de/10012559035
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Poverty Reduction and Growth Trust : 2016-17 Borrowing Agreements with the Government of Canada, De Nederlandsche Bank NV, and the Bank of Korea
International Monetary Fund - 2017
The IMF, as Trustee of the Poverty Reduction and Growth Trust (PRGT or Trust), has entered into a new borrowing agreement with the Government of Canada (Canada), and has entered into amendments to the 2010 borrowing agreement with De Nederlandsche Bank NV (The Netherlands) and the 2011 borrowing...
Persistent link: https://www.econbiz.de/10014408742
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Republic of Korea : Selected Issues
International Monetary Fund - 2010
This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the...
Persistent link: https://www.econbiz.de/10014405922
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Republic of Korea : Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of K...
International Monetary Fund - 2010
The swift and decisive policy response of Korea has contributed to an impressive economic recovery from the financial turmoil. Executive Directors welcomed the well-calibrated and gradual exit strategy while aiming to achieve strong and sustainable long-term economic growth. Directors welcomed...
Persistent link: https://www.econbiz.de/10014405923
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Korea : Statistical Tables
International Monetary Fund - 1996
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014397326
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Korea : Statistical Appendix
International Monetary Fund - 1997
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014397533
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Korea : Selected Issues
International Monetary Fund - 1997
This Selected Issues paper on Korea provides background information on economic developments and policies, with particular emphasis on 1995–96. Following two years of rapid expansion, led by buoyant investment and exports, economic growth moderated in late 1995 and the first half of 1996. The...
Persistent link: https://www.econbiz.de/10014397567