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Denmark; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper on Denmark underlies estimates of inefficiencies in the goods and labor markets. The IMF’s new macroeconomic model, the global economic model (GEM), has been used to provide estimates of the impact of successfully implementing the European Council’s...
Persistent link: https://www.econbiz.de/10005768530
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GEM; A New International Macroeconomic Model
Bayoumi, Tamim; Faruqee, Hamid; Laxton, Douglas; Karam, … - International Monetary Fund (IMF) - 2004
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952
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Dynamic Gains From Trade; Evidence From South Africa
Subramanian, Arvind; Jonsson, Gunnar - International Monetary Fund (IMF) - 2000
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. It uses (i) a time series approach where trade is defined in terms of aggregate outcomes, i.e., as the share of imports plus exports in GDP, and (ii) a cross sectional approach,...
Persistent link: https://www.econbiz.de/10005264046
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Economic Stabilization and Growth in Portugal
Schmitt, Hans O. - International Monetary Fund (IMF) - 1981
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
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Optimal Monetary Policy in a Small Open Economy Under Segmented Asset Markets and Sticky Prices
Guzman, Juan Pablo Medina; Lama, Ruy - International Monetary Fund (IMF) - 2007
price stickiness, implementing a monetary policy that mitigates asset market segmentation is highly distortionary. This last …
Persistent link: https://www.econbiz.de/10005826443
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Oil Price Shocks; Can they Account for the Stagflation in the 1970's?
Hunt, Ben - International Monetary Fund (IMF) - 2005
and a final consumption good, this paper examines the macroeconomic implications of large increases in the price of energy … economy's supply capacity and workers resist the erosion in their real consumption wages resulting from the price increase. In … the absence of either of these two responses, the model suggests that energy price shocks cannot generate the type of …
Persistent link: https://www.econbiz.de/10005768941
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The Changing Mix of Disequilibria During Transition; A Romanian Background
Daianu, Daniel - International Monetary Fund (IMF) - 1994
This paper looks at the dynamics of (dis)equilibria during post-command transition. It tries to define an optimal mix between external and internal disequilibrium and to apply this concept to the analysis of the Romanian economy. The forced adjustment of the balance of payments in the 1980s is...
Persistent link: https://www.econbiz.de/10005605012
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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
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Trade Liberalization and Wage Inequality; Evidence From India
Mishra, Prachi; Kumar, Utsav - International Monetary Fund (IMF) - 2005
We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In contrast to earlier studies on developing countries, we find...
Persistent link: https://www.econbiz.de/10005825907
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Singapore; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Singapore
International Monetary Fund (IMF); International … - 2006
This 2005 Article IV Consultation highlights that Singapore’s economy has recovered rapidly since mid-2003, having weathered a series of adverse shocks since the Asian crisis. This turnaround owes much to a favorable external environment, supportive macroeconomic policies, and continued...
Persistent link: https://www.econbiz.de/10011245850