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International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated … elasticities are heterogeneous, the aggregate substitutability is a weighted average of good-specific elasticities, which in … general cannot be inferred from aggregated data. We identify structurally the substitutability in US goods using multilateral …

Persistent link: https://www.econbiz.de/10014402215

Algeria; Selected Issues

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper for Algeria analyzes the potential economic impact of Algeriaâ€™s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeriaâ€™s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...

Persistent link: https://www.econbiz.de/10011244528

Foreign Exchange Intervention; A Shield Against Appreciation Winds?

International Monetary Fund (IMF); International … - 2011

This paper examines foreign exchange intervention practices and their effectiveness using a new qualitative and quantitative database for a panel of 15 economies covering 2004 - 10, with special focus on Latin America. Qualitatively, it examines institutional aspects such as declared motives,...

Persistent link: https://www.econbiz.de/10009203527

Denmark; Selected Issues

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper on Denmark underlies estimates of inefficiencies in the goods and labor markets. The IMFâ€™s new macroeconomic model, the global economic model (GEM), has been used to provide estimates of the impact of successfully implementing the European Councilâ€™s...

Persistent link: https://www.econbiz.de/10005768530

Azerbaijan Republic; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Azerbaijan Republic reports that the government has made substantial progress in dealing with energy-related subsidies. The domestic market for oil products has been tightly regulated by the government since Azerbaijan gained independence. Azerbaijan is largely...

Persistent link: https://www.econbiz.de/10005591672

People's Republic of Chinaâ€”Hong Kong Special Administrative Region; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper characterizes the rapid expansion of Hong Kong Special Administrative Regionâ€™s (Hong Kong SAR) economic ties with the Mainland over the last two decades. It examines the possible impact on Hong Kong SAR of policy developments in the Mainland. The paper concludes...

Persistent link: https://www.econbiz.de/10005591827

Trinidad and Tobago; 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direct...

International Monetary Fund (IMF); International … - 2006

This 2005 Article IV Consultation highlights that the macroeconomic performance and financial developments in Trinidad and Tobago are currently being driven by a highly favorable external environment. Surging oil prices have strengthened the external current account balance, financed an...

Persistent link: https://www.econbiz.de/10005599001

Foreign Reserve Adequacy in Sub-Saharan Africa

International Monetary Fund (IMF); International … - 2008

This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model...

Persistent link: https://www.econbiz.de/10005605149

Trade Costs and Location of Foreign Firms in China

International Monetary Fund (IMF); International … - 2005

This study examines the determinants of entry into by foreign firms, using information on 515 Chinese industries at the provincial level during 1998-2001. The analysis, rooted in the new economic geography, focuses on market and supplier access within and outside the province of entry, as well...

Persistent link: https://www.econbiz.de/10005605161

Saudi Arabia; Selected Issues

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper on Saudi Arabia assesses Saudi Arabiaâ€™s role in the oil market and global economy. Saudi Arabia, the worldâ€™s largest producer and exporter of oil, has long played a systemically important role in the global oil market. Short-term fluctuations in Saudi...

Persistent link: https://www.econbiz.de/10011242731