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Lucas vs. Lucas; On Inequality and Growth
Cordoba, Juan Carlos; Verdier, Geneviève - International Monetary Fund (IMF) - 2007
Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current...
Persistent link: https://www.econbiz.de/10005599308
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Capital Structure and International Debt Shifting
Laeven, Luc; Huizinga, Harry; Nicodeme, Gaetan - International Monetary Fund (IMF) - 2007
This paper presents a model of a multinational firm's optimal debt policy that incorporates international taxation factors. The model yields the prediction that a multinational firm's indebtedness in a country depends on a weighted average of national tax rates and differences between national...
Persistent link: https://www.econbiz.de/10005825596
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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10011242381
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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 … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …
Persistent link: https://www.econbiz.de/10011242392
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Evaluating Alternative Approaches to Poverty Alleviation; Rice Tariffs Versus Targeted Transfers in Madagascar
Dorosh, Paul A.; Coady, David; Minten, Bart - International Monetary Fund (IMF) - 2008
This paper uses a partial equilibrium framework to evaluate the relative efficiency, distributional and revenue implications of rice tariffs and targeted transfers in Madagascar, especially in the context of identifying their respective roles for poverty alleviation. Although there are likely to...
Persistent link: https://www.econbiz.de/10005826495
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Monetary and Macroprudential Policies to Manage Capital Flows
Guzman, Juan Pablo Medina; Roldos, Jorge - International Monetary Fund (IMF) - 2014
We study interactions between monetary and macroprudential policies in a model with nominal and financial frictions. The latter derive from a financial sector that provides credit and liquidity services that lead to a financial accelerator-cum-fire-sales amplification mechanism. In response to...
Persistent link: https://www.econbiz.de/10011123855
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The Welfare Implications of Services Liberalization in a Developing Country; Evidence from Tunisia
Jouini, Nizar; Rebei, Nooman - International Monetary Fund (IMF) - 2013
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
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The Economic Performance Index (EPI): an Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective
Khramov, Vadim; Lee, John Ridings - International Monetary Fund (IMF) - 2013
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
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South Africa: 2012 Article IV Consultation - Staff Report, Informational Annex, Debt Sustainability Analysis, Staff Statement, Public Information Notice
International Monetary Fund (IMF); International … - 2012
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10010878425
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Income Inequality and Fiscal Policy
Coady, David; Gupta, Sanjeev - International Monetary Fund (IMF) - 2012
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010878430