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Hysteresis in Unemployment and Jobless Recoveries
Plotnikov, Dmitry - International Monetary Fund (IMF) - 2014
where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …
Persistent link: https://www.econbiz.de/10010790439
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Morocco: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco
International Monetary Fund (IMF); International … - 2015
This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014...
Persistent link: https://www.econbiz.de/10011244207
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Romania: Seventh and Eighth Reviews Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria—Staff Report; Staff Supplement; Press Release o...
International Monetary Fund (IMF); International … - 2013
This paper discusses Romania’s Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waiver of Nonobservance of Performance Criteria. Continued strong fiscal consolidation would enable Romania to exit the EU Excessive Deficit Procedure by mid-2013; prudent monetary policy...
Persistent link: https://www.econbiz.de/10011244295
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Former Yugoslav Republic of Macedonia; Selected Issues Paper
International Monetary Fund (IMF); International … - 2013
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough …
Persistent link: https://www.econbiz.de/10011244331
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Bangladesh; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
The Sixth Five Year Plan, as outlined in Bangladesh's Poverty Reduction Strategy Paper, targets strategic growth and employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human resources development strategy programs reaching out...
Persistent link: https://www.econbiz.de/10011244942
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Botswana; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities for Botswana
International Monetary Fund (IMF); International … - 2007
The staff report for the 2006 Article IV Consultation on Botswana highlights economic developments and monetary and exchange rate policy. Botswana’s growth has been fueled by continued increases in diamond production; and real diamond output is projected to level off, and then decline...
Persistent link: https://www.econbiz.de/10011244994
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Romania; Request for a Stand-By Arrangement
International Monetary Fund (IMF); International … - 2013
This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks,...
Persistent link: https://www.econbiz.de/10011245005
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Romania; Selected Issues Paper
International Monetary Fund (IMF); International … - 2012
This paper on Romania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 13, 2012. The views expressed in this...
Persistent link: https://www.econbiz.de/10011245066
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Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria
International Monetary Fund (IMF); International … - 2013
This paper discusses Jordan’s Second Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Modification of PCs. Program performance is broadly on track. The central bank rebuilt reserves, which are now at a comfortable level and...
Persistent link: https://www.econbiz.de/10011245276
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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