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Democratic Republic of the Congo; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper describes the three phases of IMF engagement in the Democratic Republic of Congo (DRC) with a view to drawing lessons that could prove useful in identifying objectives and policies for a medium-term program that could be supported through a successor Poverty Reduction...
Persistent link: https://www.econbiz.de/10011242882
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Aggregate Stability and Balanced-Budget Rules
Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …
Persistent link: https://www.econbiz.de/10010790380
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The U.S. Manufacturing Recovery: Uptick or Renaissance?
Celasun, Oya; Bella, Gabriel Di; Mahedy, Tim; … - International Monetary Fund (IMF) - 2014
labor costs have had a positive impact on U.S. manufacturing production. While we find it unlikely for manufacturing to …The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the … become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible …
Persistent link: https://www.econbiz.de/10010790239
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United States; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
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Bulgaria; Selected Issues
International Monetary Fund (IMF); International … - 2010
Bulgaria’s potential output growth in future could be markedly lower, and it may take considerable time for the excess labor and resources to be absorbed by other sectors, in particular by the export sector. This suggests that the natural level of rate of unemployment will rise and remain...
Persistent link: https://www.econbiz.de/10011245182
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Republic of Lithuania; Selected Issues
International Monetary Fund (IMF); International … - 2008
, and a production function. This study examines how the levels of the current account deficit and the real exchange rate in …
Persistent link: https://www.econbiz.de/10011245322
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The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union; A View From the Supply Side
International Monetary Fund (IMF); International … - 2000
The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set...
Persistent link: https://www.econbiz.de/10005263697
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Common and Idiosyncratic Components in Real Output; Further International Evidence
Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2002
This paper uses the classical (level) definition of business cycles to analyze the characteristics-duration, amplitude, steepness, and cumulative output movements-of the real GDP series of France, Germany, Italy, the rest of the euro area, and the United States. An index of concordance and its...
Persistent link: https://www.econbiz.de/10005263734
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Sources of Inflation in Sub-Saharan Africa
Peiris, Shanaka J.; Barnichon, Régis - International Monetary Fund (IMF) - 2007
vectors for the production function and the real money demand function to recover the structural output and money gaps for …
Persistent link: https://www.econbiz.de/10005263752
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Output Response to Currency Crises
Sahay, Ratna; Mishra, Deepak; Gupta, Poonam - International Monetary Fund (IMF) - 2003
This paper analyzes the behavior of output during currency crises using a sample of 195 crisis episodes in 91 developing countries during 1970-98. It finds that more than two-fifths of the crises in the sample were expansionary, and that output contraction was greater in large and more developed...
Persistent link: https://www.econbiz.de/10005263977