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A General Equilibrium Model with Informal Financial Markets
International Monetary Fund - 1991
The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...
Persistent link: https://www.econbiz.de/10014397805
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A Simple Dge Model for Inflation Targeting
International Monetary Fund - 2007
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10014400322
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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
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A Noteon Terms of Trade Shocks and the Wage Gap
International Monetary Fund - 2010
Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...
Persistent link: https://www.econbiz.de/10014403224
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Wage Flexibility in Turbulent Times : A Practitioner's Guide
International Monetary Fund - 2005
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …
Persistent link: https://www.econbiz.de/10014400692
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A Cointegration Model for Search Equilibrium Wage Formation
International Monetary Fund - 2004
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10014401436
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France: Selected Issues : Labor Market Developments and Wage Moderation in France in the 1990s
International Monetary Fund - 2001
The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity. The …. Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is … independent of changes in labor demand taxes and unemployment income …
Persistent link: https://www.econbiz.de/10014407413
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Tonga; 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2008
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
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Honduras; 2005 Article IV Consultation, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification and Waiver of Perf...
International Monetary Fund (IMF); International … - 2006
This paper examines Honduras’s 2005 Article IV Consultation and Second Review Under the Poverty Reduction and Growth Facility. In the period 1960–2000, output growth in Honduras ranked among the lowest in the region. During the 1990s, when growth recovered in the rest of Central...
Persistent link: https://www.econbiz.de/10005825013
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Tonga; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper assesses the fiscal risk impact of various events in Tonga and describes the challenges implied for fiscal management. The paper discusses that the Tongan government has made various efforts to limit the budgetary implications of the recent economic and political...
Persistent link: https://www.econbiz.de/10011244131