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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

Benin; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2008

The strategy adopted by Benin to strengthen its macroeconomic stability and promote private-investment-led growth has been detailed in the note. The statistical data on gross domestic product by sector of origin at current prices and at constant supply, production and producer prices of cotton,...

Persistent link: https://www.econbiz.de/10011244719

Republic of Tajikistan; 2011 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance for Per...

International Monetary Fund (IMF); International … - 2011

Tajikistanâ€™s economic performance has been satisfactory, but challenges still remain. Executive Directors agreed that the challenge is to support recovery while addressing risks to macroeconomic stability. They emphasized for prudent monetary stance to avoid inflation and also to address...

Persistent link: https://www.econbiz.de/10011245811

The Economics of Bank Restructuring: Understanding the Options; Understanding the Options

Landier, Augustin; Ueda, Kenichi - International Monetary Fund (IMF) - 2009

Based on a simple framework, this note clarifies the economics behind bank restructuring and evaluates various restructuring options for systemically important banks. The note assumes that the government aims to reduce the probability of a bankâ€™s default and keep the burden on taxpayers...

Persistent link: https://www.econbiz.de/10011245869

Macroeconomic Effects of Pension Reform in Russia

Hauner, David - International Monetary Fund (IMF) - 2008

optimally be financed through lower government consumption, while higher taxation of labor and capital should be avoided …. Reducing public investment spending is superior to increasing consumption taxes unless investment generates high rates of …

Persistent link: https://www.econbiz.de/10005263824

Mortgage Market Development, Savings, and Growth

Li, Xiaowei - International Monetary Fund (IMF) - 2001

Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings. Employing a six-period overlapping generations model with endogenous growth and a method of simulation calibrated on the Middle East, this paper demonstrates that the above...

Persistent link: https://www.econbiz.de/10005263983

Assessing the Impact of a Change in the Composition of Public Spending; A DSGE Approach

Tchakarov, Ivan; Straub, Roland - International Monetary Fund (IMF) - 2007

negatively affected. At the same time, however, public consumption in the EU-12 countries has trended up. In this paper, we … consumption. Second, we quantify the negative impact of a change in fiscal stance, characterized by a permanent rise in public … consumption and a permanent fall in public investment, keeping the overall level of public spending constant. The key message of …

Persistent link: https://www.econbiz.de/10005825753

A Primeron Mineral Taxation

Baunsgaard, Thomas - International Monetary Fund (IMF) - 2001

The paper discusses options available to tax mineral extraction projects particularly in developing countries. A desirable government share of the economic rent generated from mineral extraction can be achieved through different tax and non-tax instruments. This gives some room to design a...

Persistent link: https://www.econbiz.de/10005826065

Valuation of Unlisted Direct Investment Equity

Elkjaer, Thomas; Damgaard, Jannick; Kumah, Emmanuel O. - International Monetary Fund (IMF) - 2009

This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally...

Persistent link: https://www.econbiz.de/10008497603

Role of Debt Maturity Structureon Firm Fixed Assets During Sudden Stop Episodes; Evidence From Thailand

Morsy, Hanan; Iannariello, Maria Pia; Terada-Hagiwara, Akiko - International Monetary Fund (IMF) - 2007

This paper studies the detrimental effect of sudden stops on the growth of Thai firms' fixed assets. We focus on the fixed assets adjustment that firms undertake at times of financial constraints. We derive our results from balance sheet data for 284 nonfinancial Thai listed firms. Our data...

Persistent link: https://www.econbiz.de/10005604820