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Do IMF-Supported Programs Work? : A Survey of the Cross-Country Empirical Evidence

International Monetary Fund - 1998

Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance, lower inflation, and higher growth. These studies use a variety of methodologies...

Persistent link: https://www.econbiz.de/10014401507

Gulf Cooperation Council (GCC) : Labor Market Reforms to Boost Employment and Productivity in the GCC

International Monetary Fund - 2013

-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …

Persistent link: https://www.econbiz.de/10014410425

Fiscal Policy and Employment in Advanced and Emerging Economies

International Monetary Fund - 2012

This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …

Persistent link: https://www.econbiz.de/10014410536

Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy, and Spain-Report with Supplementary Information

International Monetary Fund - 2001

Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...

Persistent link: https://www.econbiz.de/10014407227

Deconstructing the International Business Cycle : Why Does a U.S. Sneeze Give the Rest of the World a Cold?

International Monetary Fund - 2010

The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...

Persistent link: https://www.econbiz.de/10014402644

Model of the U.S. Current Account

International Monetary Fund - 1988

This paper presents an econometric model of U.S. current account transactions. The model is used to analyze the factors behind the deterioration in the U.S. external position during the 1980s and to examine the sensitivity of the U.S. current account balance to changes in factors which are its...

Persistent link: https://www.econbiz.de/10014396470

Money Demand in the United States

International Monetary Fund - 1988

This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an “error...

Persistent link: https://www.econbiz.de/10014396094

Fund Concessional Financial Support For Low-Income Countries-Responding To The Pandemic

International Monetary Fund - 2021

This paper proposes a package of policy reforms and a funding strategy to ensure that the Fund has the capacity to respond flexibly to LICs' needs during the pandemic and recovery. The key policy reforms proposed include: -- raising the normal annual/cumulative limits on access to PRGT resources...

Persistent link: https://www.econbiz.de/10014410832

The Macroeconomics of Managing Increased Aid Inflows : Experiences of Low-Income Countries and Policy Implications

International Monetary Fund - 2005

Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that...

Persistent link: https://www.econbiz.de/10014409798

The Fiscal and Economic Effects of Federal Credit Assistance Programs

International Monetary Fund - 1990

While federal credit programs are varied in form, their fiscal and economic effects arise primarily from the same source—each program’s subsidy component. Recent credit reform proposals would make control of credit subsidies the primary focus of budgetary efforts. By subjecting these...

Persistent link: https://www.econbiz.de/10014396099

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