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Germany; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germa...

International Monetary Fund (IMF); International … - 2006

The three-point VAT increase is part of a package in which unemployment payroll taxes will be reduced. Risks to the recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its external strength to the domestic economy, thus further...

Persistent link: https://www.econbiz.de/10011244866

Regional Wage Differentiation and Wage Bargaining Systems in the EU

Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008

The theoretical literature has argued that a centralized wage bargaining system may result in low regional wage … differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining … countries with more coordinated wage bargaining systems have lower regional wage differentials, after controlling for regional …

Persistent link: https://www.econbiz.de/10005264211

Kingdom of the Netherlandsâ€”Netherlands; 2004 Article IV Consultationâ€”Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

The staff report for the 2004 Article IV Consultation on the Kingdom of the Netherlandsâ€”Netherlands highlights the economic developments and policies. The economy is beginning to emerge from an extended downturn. Meanwhile, against a background of soft labor market conditions and economic...

Persistent link: https://www.econbiz.de/10005598791

The Costs and Benefits of Various Wage Bargaining Structures; An Empirical Exploration

Thomas, Alun H. - International Monetary Fund (IMF) - 2002

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting … effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment … unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not …

Persistent link: https://www.econbiz.de/10005599636

The Spanish Labor Market in a Cross-Country Perspective

Jaumotte, Florence - International Monetary Fund (IMF) - 2011

with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining … quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward … reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the …

Persistent link: https://www.econbiz.de/10008839336

Senegal; Poverty Reduction Strategy Paper

International Monetary Fund (IMF); International … - 2007

This paper focuses on Senegalâ€™s second poverty reduction strategy paper (PRSPâ€“II). It summarizes the results of the participatory PRSP review process prior to final validation and adoption by the government. As an economic and social policy document for growth and poverty reduction...

Persistent link: https://www.econbiz.de/10011242593

Jamaica; Selected Issues

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper analyzes Jamaicaâ€™s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaicaâ€™s debt management strategy and its...

Persistent link: https://www.econbiz.de/10011244350

Ireland; Selected Issues

International Monetary Fund (IMF); International … - 2007

This Selected Issues paper discusses Irelandâ€™s trade and financial linkages with key partner countries. The paper uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S....

Persistent link: https://www.econbiz.de/10011245087

Dynamic Depositor Discipline in U.S. Banks

McDill, Kathleen; Maechler, Andrea M. - International Monetary Fund (IMF) - 2003

This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility...

Persistent link: https://www.econbiz.de/10005248320

Asset Market Participation, Monetary Policy Rules, and the Great Inflation

Bilbiie, Florin; Straub, Roland - International Monetary Fund (IMF) - 2006

This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...

Persistent link: https://www.econbiz.de/10005263711