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United States; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
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Effects of Globalizationon Labor's Share in National Income
Guscina, Anastasia - International Monetary Fund (IMF) - 2006
The past two decades have seen a decline in labor's share of national income in several industrial countries. This paper analyzes the role of three factors in explaining movements in labor's share--factor-biased technological progress, openness to trade, and changes in employment...
Persistent link: https://www.econbiz.de/10005769331
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The Size of Government and U.S.-European Differences in Economic Performance
Bell, Gerwin; Tawara, Norikazu - International Monetary Fund (IMF) - 2009
An influential strand of recent research has claimed that large governments in European countries explain their weaker long-term economic performance compared to the U.S. On the other hand, despite these alleged costs, large governments have been popular with electorates. This paper seeks to...
Persistent link: https://www.econbiz.de/10004999968
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Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal...
Persistent link: https://www.econbiz.de/10011242291
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Brazil: Selected Issues
International Monetary Fund (IMF); International … - 2013
dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited …
Persistent link: https://www.econbiz.de/10011242465
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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10011242381
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Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …
Persistent link: https://www.econbiz.de/10011242392
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The Impact of Uncertainty Shocks on the UK Economy
Denis, Stephanie; Kannan, Prakash - International Monetary Fund (IMF) - 2013
similar to that of the US both in terms of the shape and magnitude of the response. However, unemployment in the UK is less …
Persistent link: https://www.econbiz.de/10010790244
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The Great Recession and the Inflation Puzzle
Matheson, Troy; Stavrev, Emil - International Monetary Fund (IMF) - 2013
Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been …
Persistent link: https://www.econbiz.de/10010790401
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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J.; Levin, Andrew - International Monetary Fund (IMF) - 2013
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during...
Persistent link: https://www.econbiz.de/10011123858