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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
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Economic Stabilization and Growth in Portugal
Schmitt, Hans O. - International Monetary Fund (IMF) - 1981
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
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Honduras; 2005 Article IV Consultation, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Modification and Waiver of Perf...
International Monetary Fund (IMF); International … - 2006
This paper examines Honduras’s 2005 Article IV Consultation and Second Review Under the Poverty Reduction and Growth Facility. In the period 1960–2000, output growth in Honduras ranked among the lowest in the region. During the 1990s, when growth recovered in the rest of Central...
Persistent link: https://www.econbiz.de/10005825013
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Wage and Public Debt Indexation
Guidotti, Pablo Emilio - International Monetary Fund (IMF) - 1992
This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation on the degree of wage indexation is ambiguous. In equilibrium, depending on the sources of shocks to the economy, the …
Persistent link: https://www.econbiz.de/10005825668
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Trade Liberalization and Wage Inequality; Evidence From India
Mishra, Prachi; Kumar, Utsav - International Monetary Fund (IMF) - 2005
We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure …. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In … trade policy and changes in industry wage premiums over time. The results are consistent with liberalization …
Persistent link: https://www.econbiz.de/10005825907
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Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy
Srour, Gabriel - International Monetary Fund (IMF) - 2004
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector …
Persistent link: https://www.econbiz.de/10005825986
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The Inflation-Unemployment Trade-Off At Low Inflation
Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2009
Wage setters take into account the future consequences of their current wage choices in the presence of downward … nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve … relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …
Persistent link: https://www.econbiz.de/10005825999
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Migration, Human Capital, and Poverty in a Dual-Economy of a Developing Country
Masson, Paul R. - International Monetary Fund (IMF) - 2001
The coexistence of urban and rural poverty and migration to cities is studied in a dual economy model where the acquisition of skills is costly and involves migration to urban areas. In this model, both the distribution of innate abilities and the distribution of wealth matter for the migration...
Persistent link: https://www.econbiz.de/10005826021
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Why is Unemployment High in the Philippines?
Brooks, Ray - International Monetary Fund (IMF) - 2002
wage. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are …
Persistent link: https://www.econbiz.de/10005826094
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Trust As a Means of Improving Corporate Governance and Efficiency
Chami, Ralph; Fullenkamp, Connel - International Monetary Fund (IMF) - 2002
Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder,...
Persistent link: https://www.econbiz.de/10005826212