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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
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Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya - International Monetary Fund (IMF) - 2008
This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a...
Persistent link: https://www.econbiz.de/10005826202
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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
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Productivity or Employment; Is It a Choice?
Michelis, Andrea De; Estevão, Marcello M.; Wilson, … - International Monetary Fund (IMF) - 2013
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends …
Persistent link: https://www.econbiz.de/10011242298
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2010
This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the...
Persistent link: https://www.econbiz.de/10011243587
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Chile; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure...
Persistent link: https://www.econbiz.de/10011243850
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Employment Impacts of Upstream Oil and Gas Investment in the United States
Agerton, Mark; Hartley, Peter; III, Kenneth Medlock; … - International Monetary Fund (IMF) - 2015
in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis … impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically …
Persistent link: https://www.econbiz.de/10011242259
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Minimum Wages and Firm Employment: Evidence from China
Huang, Yi; Loungani, Prakash; Wang, Gewei - International Monetary Fund (IMF) - 2014
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage … on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10011123849
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek; Ye, Yang - International Monetary Fund (IMF) - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
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The Federal Democratic Republic of Ethiopia; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172