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Italy; Selected Issues
International Monetary Fund (IMF); International … - 2011
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
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New Shocks, Exchange Rates and Equityprices
Cova, Pietro; Rebucci, Alessandro; Matsumoto, Akito; … - International Monetary Fund (IMF) - 2008
productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …
Persistent link: https://www.econbiz.de/10005825757
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What Explains India's Real Appreciation?
Kohli, Renu; Mohapatra, Sudip - International Monetary Fund (IMF) - 2007
growth suggests Balassa-Samuelson factors at play. However, after 1990, the tradable-nontradable labor productivity gap, the …
Persistent link: https://www.econbiz.de/10005826517
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Philippines; Selected Issues
International Monetary Fund (IMF); International … - 2008
This study discusses the Philippine output gap from three perspectives and evaluates the utility of the approaches for policymaking. Incentives in the Philippines appear broadly comparable with those in neighboring countries. The reform would also improve short- and especially medium-term...
Persistent link: https://www.econbiz.de/10011243744
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Qatar: Selected Issues
International Monetary Fund (IMF); International … - 2015
Persistent link: https://www.econbiz.de/10011244097
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New Shocks and Asset Price Volatility in General Equilibrium
Rebucci, Alessandro; Matsumoto, Akito; Cova, Pietro; … - International Monetary Fund (IMF) - 2011
We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy …
Persistent link: https://www.econbiz.de/10009019570
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South Africa; The Cyclical Behavior of the Markups and its Implications for Monetary Policy
Klein, Nir - International Monetary Fund (IMF) - 2011
The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis … countercyclical manner, with a short-term positive impact on inflation. This implies that the countercyclical pattern of the markups … is one factor among others that contribute to the relatively weak output gap-inflation co-movement. In the context of …
Persistent link: https://www.econbiz.de/10009293762
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Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits
Laxton, Douglas; Muir, Dirk; Kumhof, Michael; Mursula, … - International Monetary Fund (IMF) - 2009
This paper uses the IMF's Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...
Persistent link: https://www.econbiz.de/10008497609
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The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand; How Much Can Growth Theory Explain?
Hunt, Ben - International Monetary Fund (IMF) - 2009
productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10005248284
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Does Inflation Slow Long-Run Growth in India?
Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2014
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122