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Unemployment in Latin America and the Caribbean

International Monetary Fund (IMF); International … - 2011

JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …

Persistent link: https://www.econbiz.de/10009369453

Unemployment and Productivity in the Long Run; The Role of Macroeconomic Volatility

Surico, Paolo; Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2010

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …

Persistent link: https://www.econbiz.de/10008727811

After the Crisis; Assessing the Damage in Italy

Sgherri, Silvia; Morsy, Hanan - International Monetary Fund (IMF) - 2010

Italyâ€™s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over the last 15 years. The global financial crisis has exacerbated these long-standing weaknesses, taking a heavy toll on Italyâ€™s economy. With output back to its...

Persistent link: https://www.econbiz.de/10008727814

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. This paper suggests that Japan's dualities between regular and "nonregular" labor market contracts and the relatively inefficient services sector have exacerbated the negative...

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

The Size of Government and U.S.-European Differences in Economic Performance

Bell, Gerwin; Tawara, Norikazu - International Monetary Fund (IMF) - 2009

An influential strand of recent research has claimed that large governments in European countries explain their weaker long-term economic performance compared to the U.S. On the other hand, despite these alleged costs, large governments have been popular with electorates. This paper seeks to...

Persistent link: https://www.econbiz.de/10004999968

Explaining China's Low Consumption; The Neglected Role of Household Income

Aziz, Jahangir; Cui, Li - International Monetary Fund (IMF) - 2007

The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining due to high and rising saving rate of Chinese...

Persistent link: https://www.econbiz.de/10005768788

Remittances in the Pacific Region

Mineshima, Aiko; Browne, Christopher - International Monetary Fund (IMF) - 2007

Remittances are large and have grown substantially over the past decade in the Pacific region. This primarily reflects the impact of emigration due to low growth and limited employment prospects at home. Many Pacific emigrants settle abroad with their families for long periods, but maintain...

Persistent link: https://www.econbiz.de/10005769049

Global Aging Pressures; Impact of Fiscal Adjustment, Policy Cooperation, and Structural Reforms

Kumar, Manmohan S.; Botman, Dennis P. J. - International Monetary Fund (IMF) - 2007

Demographic pressures will materialize in many economies over the next few decades. We examine the macroeconomic impact of alternative fiscal adjustment and structural reform strategies to address these global aging pressures using the IMF's Global Fiscal Model (GFM). The results suggest...

Persistent link: https://www.econbiz.de/10005769258

Effects of Globalizationon Labor's Share in National Income

Guscina, Anastasia - International Monetary Fund (IMF) - 2006

The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment...

Persistent link: https://www.econbiz.de/10005769331

Economic Growth in Croatia; Potential and Constraints

Moore, David; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2007

This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-4Â½ percent, a result reasonably robust to different methodologies....

Persistent link: https://www.econbiz.de/10005599301