Similar Search Results

Hysteresis in Unemployment and Jobless Recoveries

Plotnikov, Dmitry - International Monetary Fund (IMF) - 2014

where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …

Persistent link: https://www.econbiz.de/10010790439

Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

Persistent link: https://www.econbiz.de/10010800970

Barbados; 2010 Article IV Consultation-Selected Issues

International Monetary Fund (IMF); International … - 2010

The short-term recovery of the Barbados economy will critically depend on the rebound of demand for its services in its traditional markets. As a small tourist-dependent economy with a fixed exchange rate and volatile capital inflows, Barbados could shore up its external sector through fiscal...

Persistent link: https://www.econbiz.de/10011245645

Precautionary Savings in the Great Recession

Mody, Ashoka; Sandri, Damiano; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2012

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...

Persistent link: https://www.econbiz.de/10009654146

Germany; Selected Issues

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper attempts to analyze the end-point problem and improve the quality of potential GDP estimates for Germany. It projects that Germanyâ€™s potential GDP growth will slow over the coming decade, mainly because of declining labor input. The paper focuses on a long-term...

Persistent link: https://www.econbiz.de/10005825173

Greece; Selected Issues

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The...

Persistent link: https://www.econbiz.de/10005825203

Economic Growth in Croatia; Potential and Constraints

Moore, David; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2007

This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-4Â½ percent, a result reasonably robust to different methodologies....

Persistent link: https://www.econbiz.de/10005599301

Eurosclerosis or Financial Collapse; Why Did Swedish Incomes Fall Behind?

Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2005

Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent...

Persistent link: https://www.econbiz.de/10005605036

Long-Run Productivity Shifts and Cyclical Fluctuations; Evidence for Italy

Sgherri, Silvia - International Monetary Fund (IMF) - 2005

Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and...

Persistent link: https://www.econbiz.de/10005605077

A Fiscal Stimulus and Jobless Recovery

Cantore, Cristiano; Levine, Paul; Melina, Giovanni - International Monetary Fund (IMF) - 2013

We analyse the effects of a government spending expansion in a DSGE model with Mortensen-Pissarides labour market frictions, deep habits in private and public consumption, investment adjustment costs, a constant-elasticity-of-substitution (CES) production function, and adjustments in employment...

Persistent link: https://www.econbiz.de/10010790312

1
2
3
4
5
6
7
8
9
10
Next
Last