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Information Rigidities in Economic Growth Forecasts; Evidence from a Large International Panel

Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - International Monetary Fund (IMF) - 2013

validity of the sticky information model (Mankiw and Reis, 2002) for describing the dynamics of professional growth forecasts …. Instead, the empirical evidence is more in line with implications of "noisy" information models (Woodford, 2002; Sims, 2003 …). Second, we find that information rigidities are more pronounced in emerging economies than advanced economies. Third, there …

Persistent link: https://www.econbiz.de/10011242185

Factor Endowment, Structural Coherence, and Economic Growth

Che, Natasha Xingyuan - International Monetary Fund (IMF) - 2012

This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...

Persistent link: https://www.econbiz.de/10010878416

Canada; Selected Issues

International Monetary Fund (IMF); International … - 2009

This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...

Persistent link: https://www.econbiz.de/10011244253

United Kingdom; Selected Issues Paper

International Monetary Fund (IMF); International … - 2010

This paper estimates the extent of spare capacity in the U.K. economy using a range of methodologies pointing to an output gap and the behavior of inflation during large output gaps. The usefulness of fiscal rules in supporting fiscal consolidation is generally positive, and a more permanent...

Persistent link: https://www.econbiz.de/10011244859

Ireland; Selected Issues

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper discusses Irelandâ€™s trade and financial linkages with key partner countries. The paper uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S....

Persistent link: https://www.econbiz.de/10011245087

Mexico; Selected Issues

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper analyzes external shocks and business cycle fluctuations in Mexico. The paper examines the relative importance of U.S. demand shocksâ€”and other foreign disturbancesâ€”in explaining Mexican output fluctuations. It identifies the dynamic response of...

Persistent link: https://www.econbiz.de/10011245436

Growth in the Middle East and North Africa

Hakura, Dalia - International Monetary Fund (IMF) - 2004

This paper analyzes the weak growth performance in the Middle East and North Africa (MENA) region during 1980-2000 using an empirical model of long-run growth. The relative importance of the factors affecting growth is shown to vary across 16 MENA countries. In GCC countries, where oil revenues...

Persistent link: https://www.econbiz.de/10005248255

Luxembourg; Selected Issues

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper studies Luxembourgâ€™s economic growth performance of the past two decades with a view to shedding light on the growth prospects and fiscal implications. The paper investigates whether the recent weakness in activity is largely transitory or whether it heralds a...

Persistent link: https://www.econbiz.de/10005252699

Business Cycle Accounting for Chile

Söderling, Ludvig; Simonovska, Ina - International Monetary Fund (IMF) - 2008

We investigate sources of economic fluctuations in Chile during 1998-2007 within the framework of a standard neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment, and government/trade wedges for business cycles in...

Persistent link: https://www.econbiz.de/10005263664

Do the Gulf Oil-Producing Countries Influence Regional Growth? T+L3886he Impact of Financial and Remittance Flows

Ilahi, Nadeem; Shendy, Riham - International Monetary Fund (IMF) - 2008

This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate that growth rates of real GDP, private consumption and private investment in...

Persistent link: https://www.econbiz.de/10005263780

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