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France : Selected Issues
International Monetary Fund - 2000
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
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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
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Inflation Targeting and Output Growth : Empirical Evidence for the European Union
International Monetary Fund - 2005
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
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Once Again, is Openness Good for Growth?
International Monetary Fund - 2004
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the … paper applies the identification through heteroskedasticity methodology to estimate the effect of openness on growth while … properly controlling for the effect of growth on openness. The results suggest that openness would have a positive effect on …
Persistent link: https://www.econbiz.de/10014401435
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A Model of Adjustment and Growth : An Empirical Analysis
International Monetary Fund - 1989
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model … into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The …
Persistent link: https://www.econbiz.de/10014396167
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Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004
International Monetary Fund - 2005
the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export … investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed … strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …
Persistent link: https://www.econbiz.de/10014400063
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Investment; Specific Technology Shocks and International Business Cycles: An Empirical Assessment
International Monetary Fund (IMF); International … - 2010
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", "international comovement",...
Persistent link: https://www.econbiz.de/10008671290
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A Cointegration Model for Search Equilibrium Wage Formation
International Monetary Fund - 2004
cointegration approach. It finds that labor flows, and notably flows from outside the labor market, are important determinants of …
Persistent link: https://www.econbiz.de/10014401436
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The Gambia; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2007
This paper discusses Poverty Reduction Strategy Paper (PRSP) 2007–11 for The Gambia. PRSP II builds on the long-term development Vision 2020 of The Gambia. It also takes cognizance of the fact that implementation of PRSP I suffered from revenue shortfalls as the IMF suspended its program...
Persistent link: https://www.econbiz.de/10011244972
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Albania; Poverty Reduction Strategy Paper—Annual Progress Report
International Monetary Fund (IMF); International … - 2006
This paper reviews the progress report on implementation of the National Strategy for Socio-Economic Development (NSSED) during 2004 in Albania. The NSSED established a multiyear plan to combat poverty and strengthen governance. The main implication of the Integrated Planning System for the...
Persistent link: https://www.econbiz.de/10005252553