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The payment system : design, management and supervision

Summers, Bruce J. (ed.) - International Monetary Fund - 1994

Persistent link: https://www.econbiz.de/10000888299

International Monetary Fund - 2005

We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are...

Persistent link: https://www.econbiz.de/10014400958

Equilibrium Wage Dispersion : An Example

International Monetary Fund - 2006

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is...

Persistent link: https://www.econbiz.de/10014402407

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

Investment : Specific Technology Shocks and International Business Cycles: An Empirical Assessment

International Monetary Fund - 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/10014397271

France : Selected Issues

International Monetary Fund - 1997

This Selected Issues paper reviews developments in health care spending in France and discusses the recent measures to … past reforms, the new measures offer a reasonable hope of containing France’s health expenditures. The paper presents a …

Persistent link: https://www.econbiz.de/10014397240

France : Recent Economic Developments

International Monetary Fund - 1996

This paper describes economic developments in France during 1990–95. Partner country demand recovered markedly in the …

Persistent link: https://www.econbiz.de/10014397323

France : Recent Economic Developments

International Monetary Fund - 1997

This paper describes economic developments in France during the 1990s. The recovery of activity that took hold in the …

Persistent link: https://www.econbiz.de/10014397631

France : Selected Issues

International Monetary Fund - 1999

This Selected Issues paper addresses the question of what policy changes in France are needed under European Monetary … stabilizers in France under EMU. The main conclusions is that over the past two and a half decades, fiscal policy operated in a … clear countercyclical way in France, but this reflected essentially the functioning of automatic stabilizers …

Persistent link: https://www.econbiz.de/10014397924

France : Selected Background Issues

International Monetary Fund - 1996

competitiveness, and also examines the labor market dynamics and economic policy of France …

Persistent link: https://www.econbiz.de/10014397972