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International Monetary Fund - 1990

The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent developments in the principle of cointegrated variables. M2 but not M1 is cointegrated with relevant price, transactions, and rate of return variables. However, deviations of M2 from its...

Persistent link: https://www.econbiz.de/10014395786

Corruption and Military Spending

International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...

Persistent link: https://www.econbiz.de/10014399916

Income Inequality and Redistributive Government Spending

International Monetary Fund - 2003

The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...

Persistent link: https://www.econbiz.de/10014400085

Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions

International Monetary Fund - 1999

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...

Persistent link: https://www.econbiz.de/10014400163

Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...

Persistent link: https://www.econbiz.de/10014401626

Taxation and the Cost of Capital in Hungary and Poland : A Comparison with Selected European Countries

International Monetary Fund - 1990

This paper compares the effective rates of taxation faced by a representative investor located in a major capital-exporting country for investments in machinery and buildings in nine capital-importing European countries. Poland and Hungary are found to have relatively high effective tax rates on...

Persistent link: https://www.econbiz.de/10014395865

The Chairman's Summing Up : The IMF and the Crises in Greece, Ireland, and Portugal

International Monetary Fund - 2016

, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report …

Persistent link: https://www.econbiz.de/10014408604

Implementation Plan in Response to the Executive Board-Endorsed Recommendations for the IEO Evaluation Report : The IMF and the Crises in Greece, Ireland, and Portugal

International Monetary Fund - 2017

Greece, Ireland, and Portugal as part of the Management and staff follow-up to an IEO evaluation. The implementation plan …

Persistent link: https://www.econbiz.de/10014408692

Ireland : Lessons from Its Recovery from the Bank-Sovereign Loop

International Monetary Fund - 2015

Ireland’s major property bubble burst at the same time as the global financial crisis erupted, plunging the country … access to market financing at manageable interest rates, and Ireland entered into a three-year program supported by €67 ….5 billion of financial assistance from the European Union (EU) and IMF in late 2010. Ireland’s program therefore had three main …

Persistent link: https://www.econbiz.de/10014412438

Ireland : 2010 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund - 2010

Irish policymakers have gained significant credibility, through assertive steps, to deal with the most potent sources of vulnerability. A continuation of vigorous policy efforts is required with an emphasis on risk management. Much progress has been made on the financial stability agenda, but a...

Persistent link: https://www.econbiz.de/10014403718

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