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How Different is the Cyclical Behavior of Home Production Across Countries?
Kose, M. Ayhan; Blankenau, William - International Monetary Fund (IMF) - 2006
This paper studies stylized business cycle properties of household production in four industrialized countries (Canada … household production sector. We use the model to generate data on home output, hours worked in the home sector, and hours spent … variables are generally less persistent than market variables, and cross-country correlations related to home production tend to …
Persistent link: https://www.econbiz.de/10005825641
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Convergence of Per Capita Output Levels Across Regions of Bangladesh, 1982-97
Hossain, Md. Akhtar - International Monetary Fund (IMF) - 2000
This paper has examined the phenomenon of convergence of per capita output levels across regions of Bangladesh during 1982–97. The main finding is that most of the regions of Bangladesh experienced strong convergence of per capita output levels during 1982–91. There are two other findings...
Persistent link: https://www.econbiz.de/10005825646
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Measuring a Roller Coaster; Evidenceon the Finnish Output Gap
Billmeier, Andreas - International Monetary Fund (IMF) - 2004
The output gap-which measures the deviation of actual output from its potential-is frequently used as an indicator of slack in an economy. This paper estimates the Finnish output gap using various empirical methods. It evaluates these methods against economic history and each other by a...
Persistent link: https://www.econbiz.de/10005825681
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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
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An Investigation of Output Variance Before and During Inflation Targeting
Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2001
Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate “too low and stable” will likely result in relatively larger output fluctuations. Following the generalized reduction in inflation variance in the...
Persistent link: https://www.econbiz.de/10005826152
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Financial Integration in Asia; Recent Developments and Next Steps
Teo, Leslie; Cowen, David; Shah, Hemant; Salgado, Ranil; … - International Monetary Fund (IMF) - 2006
This Working Paper brings together three papers prepared as background for discussions at the Second High-Level Conference on Asian Integration cohosted by the Monetary Authority of Singapore and the IMF on May 25, 2006. The first documents recent trends in the intraregional flow of goods and...
Persistent link: https://www.econbiz.de/10005826187
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Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya - International Monetary Fund (IMF) - 2008
statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method …
Persistent link: https://www.econbiz.de/10005826202
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Inflation Targeting Under Potential Output Uncertainty
Gaiduch, Victor; Hunt, Ben - International Monetary Fund (IMF) - 2000
To achieve their price stability objectives, many monetary authorities use the gap between current and potential output as an indicator of future price pressures. This policy-setting strategy has been criticized because potential output estimates have a high degree of uncertainty. In this paper,...
Persistent link: https://www.econbiz.de/10005826299
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Why India Can Grow At 7 Percent a Year or More; Projections and Reflections
Rodrik, Dani; Subramanian, Arvind - International Monetary Fund (IMF) - 2004
Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate of annual growth, which is close to 7 percent for aggregate output, or 5.5 percent for...
Persistent link: https://www.econbiz.de/10005826334
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Are Emerging Asia’s Reserves Really too High?
Ruiz-Arranz, Marta; Zavadjil, Milan - International Monetary Fund (IMF) - 2008
Empirical analysis does not suggest that reserves are "too high" in the majority of Asian countries, though China may be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which reserves provide a steady source of liquidity to cushion the...
Persistent link: https://www.econbiz.de/10005826420