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Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2014
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10011123846
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India’s Recent Macroeconomic Performance: An Assessment and Way Forward
Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...
Persistent link: https://www.econbiz.de/10011142116
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The Volatility Trap; Precautionary Saving, Investment, and Aggregate Risk
Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers...
Persistent link: https://www.econbiz.de/10011242299
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The East African Community; Prospects for Sustained Growth
McAuliffe, Catherine; Saxena, Sweta Chaman; Yabara, Masafumi - International Monetary Fund (IMF) - 2012
countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher …
Persistent link: https://www.econbiz.de/10011242354
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Growth Following Investment and Consumption-Driven Current Account Crises
Klemm, Alexander - International Monetary Fund (IMF) - 2013
Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade account surpluses. To run such surpluses without a fall in consumption, capital inflows...
Persistent link: https://www.econbiz.de/10010790435
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The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets
Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007
/accountability; and enhanced private savings and financial intermediation. There is some evidence that, above a ratio of 35% percent of …
Persistent link: https://www.econbiz.de/10005768875
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The Path of Output From Plan to Market
Gylfason, Thorvaldur - International Monetary Fund (IMF) - 1994
This paper is intended to clarify the contribution of macroeconomic stabilization and structural adjustment to the transformation from plan to market in Central and Eastern Europe and elsewhere. Four main points emerge. First, increased price stability improves the utilization of capital and...
Persistent link: https://www.econbiz.de/10005604833
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A Real Model of Transitional Growth and Competitiveness in China
Lipschitz, Leslie; Verdier, Geneviève; Rochon, Céline - International Monetary Fund (IMF) - 2008
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
Persistent link: https://www.econbiz.de/10005825815
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Why isn't South Africa Growing Faster? a Comparative Approach
Eyraud, Luc - International Monetary Fund (IMF) - 2009
The purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined...
Persistent link: https://www.econbiz.de/10005826291
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The Savings Trap and Economic Take-Off
Ghosh, Atish R.; Asilis, Carlos M. - International Monetary Fund (IMF) - 1992
determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each … period, result in either of two stable equilibria for the savings rate. At the “good” equilibrium, savings and growth are … individual’s belief about the savings behavior of other agents in the economy. The model implies that fiscal policy or public …
Persistent link: https://www.econbiz.de/10005263787