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Africa's Got Work to Do; Employment Prospects in the New Century
Fox, Louise; Haines, Cleary; Munoz, Jorge Huerta; … - International Monetary Fund (IMF) - 2013
that provide wage employment, but they also need to focus on improving productivity in the traditional and informal sectors …
Persistent link: https://www.econbiz.de/10011242333
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The Valuation Channel of External Adjustment
Lee, Jaewoo; Ghironi, Fabio; Rebucci, Alessandro - International Monetary Fund (IMF) - 2009
International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external assets and liabilities. We examine this valuation channel in a dynamic equilibrium portfolio model...
Persistent link: https://www.econbiz.de/10008497614
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
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Benchmarking Structural Transformation Across the World
Dabla-Norris, Era; Thomas, Alun H.; Garcia-Verdu, Rodrigo; … - International Monetary Fund (IMF) - 2013
services) for a panel of 168 countries over the period 1970-2010. The analysis points to large differences in sector shares …
Persistent link: https://www.econbiz.de/10010790237
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Liquidity Trap and Excessive Leverage
Korinek, Anton; Simsek, Alp - International Monetary Fund (IMF) - 2014
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010800974
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Reforming Tax Expenditures in Italy: What, Why, and How?
Tyson, Justin - International Monetary Fund (IMF) - 2014
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
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Fiscal Decentralization and the Efficiency of Public Service Delivery
Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
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Canada; Selected Issues
International Monetary Fund (IMF); International … - 2006
personal income taxation provides considerably larger efficiency gains than a reduction in the effective Goods and Services Tax …
Persistent link: https://www.econbiz.de/10011244777
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The Gambia; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2007
This paper discusses Poverty Reduction Strategy Paper (PRSP) 2007–11 for The Gambia. PRSP II builds on the long-term development Vision 2020 of The Gambia. It also takes cognizance of the fact that implementation of PRSP I suffered from revenue shortfalls as the IMF suspended its program...
Persistent link: https://www.econbiz.de/10011244972