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A Phillips Curve with Anchored Expectations and Short-Term Unemployment
Ball, Laurence M.; Mazumder, Sandeep - International Monetary Fund (IMF) - 2015
This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor-market slack is captured by the level of shortterm...
Persistent link: https://www.econbiz.de/10011242402
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Value of WTO Trade Agreements in a New Keynesian Model
Ganelli, Giovanni; Tervala, Juha - International Monetary Fund (IMF) - 2015
We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due to terms-of-trade deterioration, creating an...
Persistent link: https://www.econbiz.de/10011242404
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Inflation Reports and Models: How Well Do Central Banks Really Write?
Bulir, Ales; Hurník, Jaromír; Smidkova, Katerina - International Monetary Fund (IMF) - 2014
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...
Persistent link: https://www.econbiz.de/10011142061
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Discrepancies in Bilateral Trade Statistics: The Case of China
Arora, Vivek B.; Kochhar, Kalpana - International Monetary Fund (IMF) - 1995
Persistent link: https://www.econbiz.de/10005826702
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Effects of Capital Flow Liberalization; What is the Evidence from Recent Experiences of Emerging Market Economies?
Sedik, Tahsin Saadi; Sun, Tao - International Monetary Fund (IMF) - 2012
application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of … explanatory variables to the corresponding variables of China in 2012–16. …
Persistent link: https://www.econbiz.de/10011242176
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Chronicle of a Decline Foretold; Has China Reached the Lewis Turning Point?
Das, Mitali; N'Diaye, Papa M - International Monetary Fund (IMF) - 2013
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape …, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China … labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world …
Persistent link: https://www.econbiz.de/10011242230
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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
Cevik, Serhan; Correa-Caro, Carolina - International Monetary Fund (IMF) - 2015
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries …. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …
Persistent link: https://www.econbiz.de/10011242236
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Investment-Led Growth in China; Global Spillovers
Ahuja, Ashvin; Nabar, Malhar - International Monetary Fund (IMF) - 2012
-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers … from an investment slowdown in China. It finds that a one percentage point slowdown in investment in China is associated … vulnerable to an investment slowdown in China. The spillover effects also register strongly across a range of macroeconomic …
Persistent link: https://www.econbiz.de/10011242248
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The Elusive Quest for Inclusive Growth; Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi; Steinberg, Chad; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013
This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As...
Persistent link: https://www.econbiz.de/10011242249
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Enhancing China’s Medium-Term Growth Prospects; The Path to a High-Income Economy
Nabar, Malhar; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2013
from its continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward …
Persistent link: https://www.econbiz.de/10011242319