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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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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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Corruption and Military Spending
International Monetary Fund - 2000
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...
Persistent link: https://www.econbiz.de/10014399916
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Income Inequality and Redistributive Government Spending
International Monetary Fund - 2003
The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in...
Persistent link: https://www.econbiz.de/10014400085
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The Dynamics of Money Demand and Prices
International Monetary Fund - 1990
The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent developments in the principle of cointegrated variables. M2 but not M1 is cointegrated with relevant price, transactions, and rate of return variables. However, deviations of M2 from its...
Persistent link: https://www.econbiz.de/10014395786
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Exchange Rate Volatility and Trade Flows : Some New Evidence
International Monetary Fund - 2004
Persistent link: https://www.econbiz.de/10014409758
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Zambia - Joint World Bank-IMF Debt Sustainability Analysis
World Bank Group - 2019
Framework (LIC DSF) to assess Zambia's current debt situation. Debt burden indicators have deteriorated considerably since the …-be-disbursed loans place Zambia's public debt on an unsustainable path under current policies while budget expenditure arrears have risen …. Zambia's debt-carrying capacity has also weakened with its FX reserves' import coverage declining from 4.7 months in 2015 to …
Persistent link: https://www.econbiz.de/10012646585
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Zambia : 2005 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Perform...
International Monetary Fund - 2006
Zambia’s 2005 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility are discussed … insolvent nonbank financial institutions, and the privatization of the Zambia National Commercial Bank …
Persistent link: https://www.econbiz.de/10014402851
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Zambia : Fifth and Sixth Reviews Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria: Staff Report; Press Re...
International Monetary Fund - 2007
Zambia’s strong macroeconomic performance and budget execution. High copper prices and extensive debt relief helped to … strengthen Zambia’s external position and allowed it to build up international reserves. The structural agenda will continue to …
Persistent link: https://www.econbiz.de/10014403121
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Zambia : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criteria and Modification of Perform...
International Monetary Fund - 2010
Zambia’s strong performance continues under the Extended Credit Facility-supported program. All but one of the … increase growth further by creating fiscal space for expenditures that would enhance economic diversification and reduce Zambia …
Persistent link: https://www.econbiz.de/10014403139