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Grigoli, Francesco; Herman, Alexander; Schmidt-Hebbel, Klaus - International Monetary Fund (IMF) - 2014

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...

Persistent link: https://www.econbiz.de/10011105401

Saudi Arabia; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This staff report on Saudi Arabiaâ€™s 2013 Article IV Consultation discusses economic policies and development. As the largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and stabilizing role in the global oil market. In 2011,...

Persistent link: https://www.econbiz.de/10011244901

The Role of Structural Reforms in Raising Economic Growth in Central America

Swiston, Andrew; Barrot, Luis-Diego - International Monetary Fund (IMF) - 2011

Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts imply that these trends will continue. What can be done...

Persistent link: https://www.econbiz.de/10009369454

Riding the Roller Coaster; Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean

Murphy, Pablo Lopez; Villafuerte, Mauricio; Ossowski, … - International Monetary Fund (IMF) - 2010

This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees...

Persistent link: https://www.econbiz.de/10008727790

Structural Breaks in Fiscal Performance; Did Fiscal Responsibility Laws Have Anything to Do with them?

Medina, Leandro; Caceres, Carlos; Corbacho, Ana - International Monetary Fund (IMF) - 2010

In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...

Persistent link: https://www.econbiz.de/10008727801

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Erbil, Nese - International Monetary Fund (IMF) - 2011

-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary …

Persistent link: https://www.econbiz.de/10009203530

International Risk Sharing During the Globalization Era

Matsumoto, Akito; Flood, Robert P.; Marion, Nancy P. - International Monetary Fund (IMF) - 2009

sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of … consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing …

Persistent link: https://www.econbiz.de/10008559272

After the Crisis; Lower Consumption Growth But Narrower Global Imbalances?

Ohnsorge, Franziska; Mody, Ashoka - International Monetary Fund (IMF) - 2010

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

Persistent link: https://www.econbiz.de/10008561067

Explaining Russia's Output Collapse; Aggregate Sources and Regional Evidence

Dolinskaya, Irina; Tytell, Irina - International Monetary Fund (IMF) - 2001

This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were...

Persistent link: https://www.econbiz.de/10005826009

Wage Moderation in France

Estevão, Marcello M.; Nargis, Nigar - International Monetary Fund (IMF) - 2002

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment taking into account compositional, time and regional effects. We show that this relationship shifted outward during the 1990s most likely because of a structural change in workers'...

Persistent link: https://www.econbiz.de/10005768837