Narrow search
Showing 1 - 10 of 423
Cover Image
Labor's Liquidity Service and Firing Costs
Bennett, Herman Z. - International Monetary Fund (IMF) - 2007
This paper proposes a new effect of firing costs on firms' behavior that builds from firms' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity adjustment tool that allows firms to increase their short-term liquidity. I refer...
Persistent link: https://www.econbiz.de/10005605270
Cover Image
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
Cover Image
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
Cover Image
Financial Crises and the Composition of Cross-Border Lending
Cerutti, Eugenio; Hale, Galina; Minoiu, Camelia - International Monetary Fund (IMF) - 2014
We examine the composition and drivers of cross-border bank lending between 1995 and 2012, distinguishing between syndicated and non-syndicated loans. We show that on-balance sheet syndicated loan exposures account for almost one third of total cross-border loan exposures during this period....
Persistent link: https://www.econbiz.de/10010959460
Cover Image
Official Financial Flows, Capital Mobility, and Global Imbalances
Bayoumi, Tamim; Gagnon, Joseph E.; Saborowski, Christian - International Monetary Fund (IMF) - 2014
We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect on current account balances. The estimated effects are larger with instrumental...
Persistent link: https://www.econbiz.de/10010959470
Cover Image
Kenya; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2009
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
Cover Image
Israel; Report on the Observance of Standards and Codes-Data Module, Response by the Authorities, Detailed Assessments Using the Data Quality Assessment Framework (DQAF)
International Monetary Fund (IMF); International … - 2006
This Report on the Observance of Standards and Codes—Data Module provides an assessment of Israel’s macroeconomic statistics against the Special Data Dissemination Standard complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework,...
Persistent link: https://www.econbiz.de/10011245606
Cover Image
An Oil and Gas Model
Krichene, Noureddine - International Monetary Fund (IMF) - 2007
This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price-...
Persistent link: https://www.econbiz.de/10005248317
Cover Image
Financial Development and Economic Growth; An Overview
Khan, Mohsin S.; Semlali, A. Senhadji - International Monetary Fund (IMF) - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10005263653
Cover Image
Herd Behavior in Financial Markets; An Experiment with Financial Market Professionals
Cipriani, Marco; Guarino, Antonio - International Monetary Fund (IMF) - 2008
makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous … by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theory suggests …
Persistent link: https://www.econbiz.de/10005263673