Similar Search Results

Tervala, Juha; Ganelli, Giovanni - International Monetary Fund (IMF) - 2012

This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...

Persistent link: https://www.econbiz.de/10010790310

Structural Reforms and Economic Performance in Advanced and Developing Countries

Spilimbergo, Antonio; Prati, Alessandro; Ostry, … - International Monetary Fund (IMF) - 2009

) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade … together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade …

Persistent link: https://www.econbiz.de/10010790490

External Performance in Low-Income Countries

Prati, Alessandro; Ricci, Luca Antonio; Christiansen, … - International Monetary Fund (IMF) - 2011

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and...

Persistent link: https://www.econbiz.de/10010790491

Integrating Poor Countries into the World Trading System

International Monetary Fund (IMF); International … - 2006

€™ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor …

Persistent link: https://www.econbiz.de/10011142205

India's Growth Spillovers to South Asia

Masha, Iyabo; Ding, Ding - International Monetary Fund (IMF) - 2012

This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into … consideration other sources of growth endogenous to the countries in the region. Since a review of key variables indicates that … spillover effects by focusing on growth more generally with India's growth as an explanatory variable. The results of the panel …

Persistent link: https://www.econbiz.de/10009654176

Protectionist Responses to the Crisis; Damage Observed in Product-Level Trade

McDonald, Bradley J.; Henn, Christian - International Monetary Fund (IMF) - 2011

This paper investigates how trade flows are being affected by new discriminatory measures implemented during the global financial crisis. We match data on behind-the-border measures (e.g., bailouts and subsidies) and border measures implemented through April 2010 to monthly HS 4-digit bilateral...

Persistent link: https://www.econbiz.de/10009151205

Global Imbalances and Petrodollars

Hasanov, Fuad; Arezki, Rabah - International Monetary Fund (IMF) - 2009

Oil exporters have run large current account surpluses. We explore oil exporters' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger effect...

Persistent link: https://www.econbiz.de/10004999956

Elasticity Optimism

International Monetary Fund (IMF); International … - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10008561068

Exchange Rate Assessments; Methodologies for Oil Exporting Countries

Filho, Irineu E. Carvalho; Bems, Rudolfs - International Monetary Fund (IMF) - 2009

Are the current account fluctuations in oil-exporting countries "excessive"? How should their real exchange rate respond to the evolution of external (and domestic) fundamentals? This paper proposes methodologies tailored to the specific features of oil-exporting countries that help address...

Persistent link: https://www.econbiz.de/10008561088

Growth and Structural Reforms; A New Assessment

Christiansen, Lone Engbo; Tressel, Thierry; Schindler, … - International Monetary Fund (IMF) - 2009

, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any … systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic … financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth …

Persistent link: https://www.econbiz.de/10008561089