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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek; Ye, Yang - International Monetary Fund (IMF) - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
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Labor's Liquidity Service and Firing Costs
Bennett, Herman Z. - International Monetary Fund (IMF) - 2007
This paper proposes a new effect of firing costs on firms' behavior that builds from firms' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity adjustment tool that allows firms to increase their short-term liquidity. I refer...
Persistent link: https://www.econbiz.de/10005605270
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How to Capture Macro-Financial Spillover Effects in Stress Tests?
Hesse, Heiko; Salman, Ferhan; Schmieder, Christian - International Monetary Fund (IMF) - 2014
One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with meaningful macro-financial linkages, i.e., taking into account spillover effects and other forms of contagion. We come up with an approach to simulate the potential impact of...
Persistent link: https://www.econbiz.de/10011142079
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Dismal Employment Growth in EU Countries; The Role of Corporate Balance Sheet Repair and Dual Labor Markets
Bakker, Bas B.; Zeng, Li - International Monetary Fund (IMF) - 2013
This paper argues that the large differences among EU countries in post-crisis employment performance are to a large … boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries …
Persistent link: https://www.econbiz.de/10011242321
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Minimum Wages and Firm Employment: Evidence from China
Huang, Yi; Loungani, Prakash; Wang, Gewei - International Monetary Fund (IMF) - 2014
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage … on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …
Persistent link: https://www.econbiz.de/10011123849
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Financial Crises and the Composition of Cross-Border Lending
Cerutti, Eugenio; Hale, Galina; Minoiu, Camelia - International Monetary Fund (IMF) - 2014
We examine the composition and drivers of cross-border bank lending between 1995 and 2012, distinguishing between syndicated and non-syndicated loans. We show that on-balance sheet syndicated loan exposures account for almost one third of total cross-border loan exposures during this period....
Persistent link: https://www.econbiz.de/10010959460
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Official Financial Flows, Capital Mobility, and Global Imbalances
Bayoumi, Tamim; Gagnon, Joseph E.; Saborowski, Christian - International Monetary Fund (IMF) - 2014
We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect on current account balances. The estimated effects are larger with instrumental...
Persistent link: https://www.econbiz.de/10010959470
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Kenya; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2009
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
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Israel; Report on the Observance of Standards and Codes-Data Module, Response by the Authorities, Detailed Assessments Using the Data Quality Assessment Framework (DQAF)
International Monetary Fund (IMF); International … - 2006
This Report on the Observance of Standards and Codes—Data Module provides an assessment of Israel’s macroeconomic statistics against the Special Data Dissemination Standard complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework,...
Persistent link: https://www.econbiz.de/10011245606
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An Oil and Gas Model
Krichene, Noureddine - International Monetary Fund (IMF) - 2007
This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price-...
Persistent link: https://www.econbiz.de/10005248317