Showing 1 - 10 of 111
This paper reviews economic developments in the Republic of Mozambique during 1990–96. Under the Economic and Social Rehabilitation Program (ESRP), the economy has made impressive economic gains. Real GDP growth averaged 6.7 percent in 1987–95, despite the civil war, a decline in...
Persistent link: https://www.econbiz.de/10005591642
This paper presents a technical note on Mexico’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
This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ 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
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
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 Ukraine’s state enterprise sector. It assesses Ukraine’s equilibrium exchange...
Persistent link: https://www.econbiz.de/10011245611
This 2008 Article IV Consultation highlights that Tonga’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
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
the government to implement a vital reform of public sector wage policy. A reduction in the pressure of the civil service … wage bill is the key for restoring the sustainability of the public finances. An ambitious financial sector reform is …
Persistent link: https://www.econbiz.de/10005252558
highlights that the public pension for a single person is equal to 70 percent of the (statutory) minimum wage. The minimum wage …
Persistent link: https://www.econbiz.de/10005252658
This Selected Issues paper and Statistical Appendix examines inflation and wage dynamics in Finland. The paper … series. It presents the model and the empirical estimates, and provides an outlook for consumer price index and nominal wage …
Persistent link: https://www.econbiz.de/10005252725