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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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Why Are Japanese Wages so Sluggish?
Sommer, Martin - International Monetary Fund (IMF) - 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries. This paper suggests that Japan's dualities between regular and "nonregular" labor market contracts and the relatively inefficient services sector have exacerbated the negative...
Persistent link: https://www.econbiz.de/10004999951
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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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Wage Flexibility in Turbulent Times; A Practitioner's Guide
International Monetary Fund (IMF); International … - 2005
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …
Persistent link: https://www.econbiz.de/10005248228
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Why Has Unemployment in Algeria Been Higher Than in Mena and Transition Countries
Kpodar, Kangni - International Monetary Fund (IMF) - 2007
productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …
Persistent link: https://www.econbiz.de/10005248294
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The conduct of monetary policy has been complicated by a variety of unanticipated events that have had important effects on inflation. Exposed to exchange rate and other shocks, the...
Persistent link: https://www.econbiz.de/10005252771
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Republic of Kazakhstan; Selected Issues
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper on the Republic of Kazakhstan underlies growth of the non-oil sector, fiscal management of oil wealth, and bank credit growth. The share of tradables in the non-oil sector has declined significantly, both in terms of value added and employment, while many nontradable...
Persistent link: https://www.econbiz.de/10005252795
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Cape Verde; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2005
This paper focuses on Cape Verde’s Growth and Poverty Reduction Strategy (GPRS). The GPRS is part of a broader strategic planning exercise that has been under way in Cape Verde and has as main pillars the Grand Options of the Plan 2002–05 (GOP) and the National Development Plan...
Persistent link: https://www.econbiz.de/10005252928