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Eurosclerosis or Financial Collapse; Why Did Swedish Incomes Fall Behind?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2005
attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary …
Persistent link: https://www.econbiz.de/10005605036
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Search in the Labor Market Under Imperfectly Insurable Income Risk
Roca, Mauro - International Monetary Fund (IMF) - 2009
This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market...
Persistent link: https://www.econbiz.de/10008528693
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Czech Republic; Selected Issues
International Monetary Fund (IMF); International … - 2008
This paper reviews the fiscal reform of the Czech Republic, its key reform measures, and structural implications. The study also focuses on key challenges and demographic pressures facing the Czech economy, and describes the analytical framework of Global Fiscal Model (GFM) with technical...
Persistent link: https://www.econbiz.de/10011242637
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Benin; Poverty Reduction Strategy Paper—2005 Progress Report
International Monetary Fund (IMF); International … - 2008
This Poverty Reduction Strategy Paper (PRSP) was developed based on a long participatory process based on an institutional mechanism involving all socioeconomic development actors in the country. The annual review of the PRSP seeks to assess the results achieved in the implementation of the...
Persistent link: https://www.econbiz.de/10011245136
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Republic of Uzbekistan; Interim Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2005
This paper reviews Uzbekistan’s Interim Welfare Improvement Strategy Paper (I-WISP). I-WISP defines the main directions and measures aimed at improving living standards and reducing poverty among the population of Uzbekistan for 2005–10. The strategy is designed to further expand...
Persistent link: https://www.econbiz.de/10005825518
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Targeting, Cascading, and Indirect Tax Design
Keen, Michael - International Monetary Fund (IMF) - 2013
This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on items especially important to the poor, establishing conditions under which even very crudely targeted spending measures better serve their interests. It then explores the welfare...
Persistent link: https://www.econbiz.de/10011123815
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Why Are Saving Rates of Urban Households in China Rising?
Chamon, Marcos; Prasad, Eswar - International Monetary Fund (IMF) - 2008
income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts …
Persistent link: https://www.econbiz.de/10011123886
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Income and Democracy; Lipset's Law Revisited
Hoeffler, Anke; Bates, Robert H.; Fayad, Ghada - International Monetary Fund (IMF) - 2012
We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10011242229
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Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012
€˜buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …
Persistent link: https://www.econbiz.de/10011242291
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Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine
Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012
productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …
Persistent link: https://www.econbiz.de/10011242306