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Sources of Inflation in Developing Countries

Loungani, Prakash; Swagel, Phillip - International Monetary Fund (IMF) - 2001

This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the … relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing … dominate the inflation process in developing countries with fixed exchange rate regimes. …

Persistent link: https://www.econbiz.de/10005826076

Capital Mobility and the Output-Inflation Tradeoff

Razin, Assaf; Loungani, Prakash; Yuen, Chi-Wa - International Monetary Fund (IMF) - 2000

Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We … provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is … Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas …

Persistent link: https://www.econbiz.de/10005605211

Regional Labor Market Adjustments in the United States and Europe

Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014

We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run...

Persistent link: https://www.econbiz.de/10010790322

Regional Labor Market Adjustments in the United States

Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014

We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the...

Persistent link: https://www.econbiz.de/10011105396

Okun's Law; Fit at 50?

Ball, Laurence M.; Leigh, Daniel; Loungani, Prakash - International Monetary Fund (IMF) - 2013

This paper asks how well Okunâ€™s Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okunâ€™s Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great...

Persistent link: https://www.econbiz.de/10011242241

Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels

Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and...

Persistent link: https://www.econbiz.de/10011242392