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Grigoli, Francesco; Herman, Alexander; Schmidt-Hebbel, Klaus - International Monetary Fund (IMF) - 2014

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in … including potential saving determinants identified by theory but not previously considered in the empirical literature. Fourth …, the paper explores differences in saving behavior nesting the 2008-10 crisis period and four different country groups …

Persistent link: https://www.econbiz.de/10011105401

Saudi Arabia; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This staff report on Saudi Arabiaâ€™s 2013 Article IV Consultation discusses economic policies and development. As the largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and stabilizing role in the global oil market. In 2011,...

Persistent link: https://www.econbiz.de/10011244901

The Role of Structural Reforms in Raising Economic Growth in Central America

Swiston, Andrew; Barrot, Luis-Diego - International Monetary Fund (IMF) - 2011

Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts imply that these trends will continue. What can be done...

Persistent link: https://www.econbiz.de/10009369454

Riding the Roller Coaster; Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean

Murphy, Pablo Lopez; Villafuerte, Mauricio; Ossowski, … - International Monetary Fund (IMF) - 2010

This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees...

Persistent link: https://www.econbiz.de/10008727790

Structural Breaks in Fiscal Performance; Did Fiscal Responsibility Laws Have Anything to Do with them?

Medina, Leandro; Caceres, Carlos; Corbacho, Ana - International Monetary Fund (IMF) - 2010

In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...

Persistent link: https://www.econbiz.de/10008727801

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Erbil, Nese - International Monetary Fund (IMF) - 2011

-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary …

Persistent link: https://www.econbiz.de/10009203530

Explaining Russia's Output Collapse; Aggregate Sources and Regional Evidence

Dolinskaya, Irina; Tytell, Irina - International Monetary Fund (IMF) - 2001

This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were...

Persistent link: https://www.econbiz.de/10005826009

Wage Moderation in France

Estevão, Marcello M.; Nargis, Nigar - International Monetary Fund (IMF) - 2002

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment taking into account compositional, time and regional effects. We show that this relationship shifted outward during the 1990s most likely because of a structural change in workers'...

Persistent link: https://www.econbiz.de/10005768837

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

International Monetary Fund (IMF); International … - 2010

This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend...

Persistent link: https://www.econbiz.de/10008519486

Growth and Capital Flows with Risky Entrepreneurship

Sandri, Damiano - International Monetary Fund (IMF) - 2010

open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to … that this net saving increase can sustain large and persistent net capital outflows. …

Persistent link: https://www.econbiz.de/10008519499