Narrow search
Showing 1 - 10 of 470
Cover Image
After the Crisis; Assessing the Damage in Italy
Sgherri, Silvia; Morsy, Hanan - International Monetary Fund (IMF) - 2010
Italy’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 Italy’s economy. With output back to its...
Persistent link: https://www.econbiz.de/10008727814
Cover Image
Greece; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The...
Persistent link: https://www.econbiz.de/10005825203
Cover Image
Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya - International Monetary Fund (IMF) - 2008
This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a...
Persistent link: https://www.econbiz.de/10005826202
Cover Image
Eurosclerosis or Financial Collapse; Why Did Swedish Incomes Fall Behind?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2005
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent...
Persistent link: https://www.econbiz.de/10005605036
Cover Image
Long-Run Productivity Shifts and Cyclical Fluctuations; Evidence for Italy
Sgherri, Silvia - International Monetary Fund (IMF) - 2005
Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and...
Persistent link: https://www.econbiz.de/10005605077
Cover Image
Youth Unemployment in Advanced Europe: Okun’s Law and Beyond
Banerji, Angana; Lin, Hannah Huidan; Saksonovs, Sergejs - International Monetary Fund (IMF) - 2015
The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at … unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that … much of the increase in youth unemployment rates during the crisis can be explained by output dynamics and the greater …
Persistent link: https://www.econbiz.de/10011144606
Cover Image
Productivity or Employment; Is It a Choice?
Michelis, Andrea De; Estevão, Marcello M.; Wilson, … - International Monetary Fund (IMF) - 2013
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production...
Persistent link: https://www.econbiz.de/10011242298
Cover Image
Potential Growth in Emerging Asia
Anand, Rahul; Cheng, Kevin C.; Rehman, Sidra; Zhang, Longmei - International Monetary Fund (IMF) - 2014
Using three distinct approaches—statistical filtering, production function, and multivariate model— this paper estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) during 1993–2013. The main...
Persistent link: https://www.econbiz.de/10011142066
Cover Image
Youth Unemployment in Advanced Economies in Europe: Searching for Solutions
Banerji, Angana; Saksonovs, Sergejs; Lin, Hannah Huidan; … - International Monetary Fund (IMF) - 2014
The SDN will assess the youth unemployment problem in advanced European countries, with a special focus on the euro … area. It will document the main trends in youth and adult unemployment in 22 European countries before and after the global … financial crisis. It will identify the main drivers of youth and adult unemployment, focusing in particular on the role of the …
Persistent link: https://www.econbiz.de/10011142224
Cover Image
Denmark; Selected Issues
International Monetary Fund (IMF); International … - 2006
The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …
Persistent link: https://www.econbiz.de/10011245015