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Republic of Estonia; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026
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Finland; Selected Issues
International Monetary Fund (IMF); International … - 2007
the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to …
Persistent link: https://www.econbiz.de/10011244764
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Reconciling Stability and Growth; Smart Pacts and Structural Reforms
Beetsma, Roel M. W. J.; Debrun, Xavier - International Monetary Fund (IMF) - 2003
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....
Persistent link: https://www.econbiz.de/10005263795
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The Shortcomings of a Partial Release of Employment Protection Laws; The Case of the 2005 French Reform
Cahuc, Pierre; Carcillo, Stéphane - International Monetary Fund (IMF) - 2006
, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to …
Persistent link: https://www.econbiz.de/10005263994
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Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can
International Monetary Fund (IMF); International … - 2012
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …
Persistent link: https://www.econbiz.de/10009654152
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Employment Protection and Business Cycles in Emerging Economies
Lama, Ruy; Urrutia, Carlos - International Monetary Fund (IMF) - 2011
We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features matching frictions and an endogenous selection effect by which inefficient jobs are destroyed in...
Persistent link: https://www.econbiz.de/10009401199
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Regional Labor Market Disparities in Belgium
Estevão, Marcello M. - International Monetary Fund (IMF) - 2002
particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …
Persistent link: https://www.econbiz.de/10005826565
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Finland; Selected Issues
International Monetary Fund (IMF); International … - 2005
The Selected Issues paper on Finland underlies public finances and structural reform. The structural reforms encompassing labor and product markets as well the pension system would substantially improve the outlook for fiscal sustainability. Reductions in labor and product market inefficiencies...
Persistent link: https://www.econbiz.de/10005591384
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Republic of Belarus; Selected Issues
International Monetary Fund (IMF); International … - 2004
ruble) to inflation in Belarus. …
Persistent link: https://www.econbiz.de/10005591560
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Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal
Takizawa, H. - International Monetary Fund (IMF) - 2003
Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...
Persistent link: https://www.econbiz.de/10005604782