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This paper reviews recent analytical and empirical research on the determination of employment, to provide a framework for evaluating the merits of alternative policies to cope with unemployment. Particular emphasis is placed on the mechanisms of employment and wage determination described in...
Persistent link: https://www.econbiz.de/10014397668
The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs, Executive...
Persistent link: https://www.econbiz.de/10014399065
This paper presents an outlook for the world economy for 1997–98. With world output expected to expand by some 41⁄4 percent in both 1997 and 1998, the strongest pace in a decade, the global economy is enjoying the fourth episode of relatively rapid growth since the early 1970s. The expansion...
Persistent link: https://www.econbiz.de/10014399289
This paper assesses macroeconomic developments and progress in institution building during 1994-1998. The five year interim period envisaged in the peace accords has ended, and the paper takes stock of what happened in this period. The paper was prepared in the Spring of 1999 and draws on work...
Persistent link: https://www.econbiz.de/10014399629
Persistent link: https://www.econbiz.de/10014400508
were used in evaluating the forecasts: the computation and evaluation of various summary statistics of forecast accuracy … forecast performance in defined episodes; and, finally, some attempt to explain forecast error in terms of unanticipated … developments in policy variables and oil prices. In judging the forecast performance of the World Economic Outlook, a number of …
Persistent link: https://www.econbiz.de/10014400509
This paper focuses on the private nonfinancial sectors of the affected economies, financial liberalization provided households and businesses with greater access to credit markets. This contributed to the long period of expansion during the 1980s. Partly as a result of major changes to the...
Persistent link: https://www.econbiz.de/10014402962
The economic and financial crisis that erupted in southeast Asia in July 1997 had continued to deepen and broaden as of December, and spillover effects from investor' deteriorating confidence in emerging market economies were being felt throughout the global financial system. This special...
Persistent link: https://www.econbiz.de/10014403934
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries,...
Persistent link: https://www.econbiz.de/10014403935
These studies, prepared by the staff of the International Monetary Fund, comprise supporting material for the analyses and scenarios in the World Economic Outlook and provide a more detailed examination of the theory and evidence on some major issues affecting the global economy, commodity...
Persistent link: https://www.econbiz.de/10014403936