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The Cross-Country Incidence of the Global Crisis
Milesi-Ferretti, Gian-Maria; Lane, Philip R. - International Monetary Fund (IMF) - 2010
of the crisis. International risk sharing did little to shield domestic demand from the country-specific component of … output declines, while those countries with large pre-crisis current account deficits saw domestic demand fall by much more …
Persistent link: https://www.econbiz.de/10008646414
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Energy Subsidies and Energy Consumption; A Cross-Country Analysis
Charap, Joshua; Silva, Arthur Ribeiro da; Rodriguez, Pedro C - International Monetary Fund (IMF) - 2013
subsidies on energy consumption. In this paper we analyze a panel of cross-country data to explore the responsiveness of energy … consumption to changes in energy prices and the implications of our findings for the debate on energy subsidy reform. Our findings … indicate a long-term price elasticity of energy demand between -0.3 and -0.5, which suggests that countries can reap …
Persistent link: https://www.econbiz.de/10011242222
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Ukraine Gas Pricing Policy; Distributional Consequences of Tariff Increases
Mitra, Pritha; Atoyan, Ruben - International Monetary Fund (IMF) - 2012
policy increasingly weighs on government finances, sustains energy over-consumption, dampens investment in delivery systems … are politically unpopular. Through estimation of household demand functions by income quintiles to evaluate the …
Persistent link: https://www.econbiz.de/10011242403
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The Flexible System of Global Models – FSGM
Andrle, Michal; Blagrave, Patrick; Espaillat, Pedro; … - International Monetary Fund (IMF) - 2015
wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks. …
Persistent link: https://www.econbiz.de/10011242191
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World Saving
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 five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...
Persistent link: https://www.econbiz.de/10011105401
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Saudi Arabia; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
in the oil market to promote global stability. Saudi Arabia raised oil production to a 30-year high to ensure demand was …
Persistent link: https://www.econbiz.de/10011244901
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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
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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
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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
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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