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What is Behind Latin America’s Declining Income Inequality?
Tsounta, Evridiki; Osueke, Anayochukwu - International Monetary Fund (IMF) - 2014
Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other emerging and developed regions. However, Latin America remains the most unequal region in the world. This study documents the declining trend in income inequality in Latin America...
Persistent link: https://www.econbiz.de/10011142048
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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
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...
Persistent link: https://www.econbiz.de/10011242185
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Effectiveness of Capital Outflow Restrictions
Saborowski, Christian; Sanya, Sarah; Weisfeld, Hans; … - International Monetary Fund (IMF) - 2014
This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Specifically, it examines whether a tightening of outflow restrictions helps reduce...
Persistent link: https://www.econbiz.de/10010790319
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The Transmission of Financial Stress From Advanced to Emerging Economies
Danninger, Stephan; Tytell, Irina; Balakrishnan, Ravi; … - International Monetary Fund (IMF) - 2009
This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial...
Persistent link: https://www.econbiz.de/10008528685
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China’s Demography and its Implications
Lee, Il Houng; Qingjun, Xu; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013
In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … and future policy choices. Other implications arising from China’s demography, including the growth model, the pension …
Persistent link: https://www.econbiz.de/10011142029
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Growth Surprises and Synchronized Slowdowns in Emerging Markets––An Empirical Investigation
Fayad, Ghada; Perrelli, Roberto - International Monetary Fund (IMF) - 2014
Output growth has slowed in several emerging markets since 2011—a remarkable feature for a non-crisis period in EMs. Such synchronized slowdowns were largely unanticipated by scholars and forecasters alike. In this paper we attempt to shed light on the main drivers of growth surprises and...
Persistent link: https://www.econbiz.de/10011142037
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Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia
Duval, Romain A; Cheng, Kevin C.; Oh, Kum Hwa; Saraf, Richa - International Monetary Fund (IMF) - 2014
shocks in China. …
Persistent link: https://www.econbiz.de/10011142047
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After the Boom–Commodity Prices and Economic Growth in Latin America and the Caribbean
Gruss, Bertrand - International Monetary Fund (IMF) - 2014
-than-expected growth in China represents a key downside risk. The results caution against trying to offset the current economic slowdown …
Persistent link: https://www.econbiz.de/10011142049
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The Spillover Effects of a Downturn in China’s Real Estate Investment
Ahuja, Ashvin; Myrvoda, Alla - International Monetary Fund (IMF) - 2012
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sectorâ … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real …€™s trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China …
Persistent link: https://www.econbiz.de/10011142057
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Potential Growth in Emerging Asia
Anand, Rahul; Cheng, Kevin C.; Rehman, Sidra; Zhang, Longmei - International Monetary Fund (IMF) - 2014
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and … Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in …;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China …
Persistent link: https://www.econbiz.de/10011142066