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Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy

Srour, Gabriel - International Monetary Fund (IMF) - 2004

The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...

Persistent link: https://www.econbiz.de/10005825986

Work Absence in Europe

Bonato, Leo; Lusinyan, Lusine - International Monetary Fund (IMF) - 2004

Work absence is an important part of the individual decision on actual working hours. This paper focuses on sickness absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the production decision made by profit-maximizing firms,...

Persistent link: https://www.econbiz.de/10005826222

Why Are Japanese Wages so Sluggish?

Sommer, Martin - International Monetary Fund (IMF) - 2009

Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …

Persistent link: https://www.econbiz.de/10004999951

Search in the Labor Market Under Imperfectly Insurable Income Risk

Roca, Mauro - International Monetary Fund (IMF) - 2009

importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

Persistent link: https://www.econbiz.de/10008528693

Equilibrium Wage Dispersion; An Example

International Monetary Fund (IMF); International … - 2006

-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 when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …

Persistent link: https://www.econbiz.de/10005263884

Are Uniform Tariffs Optimal?

Amiti, Mary - International Monetary Fund (IMF) - 2004

This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...

Persistent link: https://www.econbiz.de/10005825855

Is the Middle East and North Africa Region Achieving its Trade Potential?

Söderling, Ludvig - International Monetary Fund (IMF) - 2005

This paper analyzes export performance in the Middle East and North Africa (MENA) using a gravity model applied to panel data. It addresses two questions: (i) are there significant unexploited export markets for the MENA region?; and (ii) have integration efforts with the EU since the mid-1990s...

Persistent link: https://www.econbiz.de/10005825913

Yen Bloc or Yuan Bloc; An Analysis of Currency Arrangements in East Asia

Shirono, Kazuko - International Monetary Fund (IMF) - 2009

This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian...

Persistent link: https://www.econbiz.de/10005826046

Trade Integration in the East African Community; An Assessment for Kenya

McIntyre, Meredith A. - International Monetary Fund (IMF) - 2005

The paper analyses the potential trade impact of the forthcoming East African Community (EAC) customs union. It examines the trade linkages among the member countries of the EAC and the extent to which the introduction of the EAC common external tariff will liberalize their trade regimes. To...

Persistent link: https://www.econbiz.de/10005826317

Beauty Queens and Wallflowers; Currency Unions in the Middle East and Central Asia

Elborgh-Woytek, Katrin; Berengaut, Julian - International Monetary Fund (IMF) - 2006

Against the background of the theory of optimum currency areas, the paper analyzes possible sequences for establishing a currency union (CU) in the Middle East and Central Asia region. Between the corner solutions of independent currencies for all countries in the region and a CU comprising all...

Persistent link: https://www.econbiz.de/10005826453