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The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries

Mano, Rui; Castillo, Marola - International Monetary Fund (IMF) - 2015

This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989â€“2012. The level of productivity in each sector is defined as real value added per … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …

Persistent link: https://www.econbiz.de/10011242200

Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Dell'Erba, Salvatore; Sola, Sergio - International Monetary Fund (IMF) - 2013

This paper reconsiders the effects of fiscal policy on long-term interest rates employing a Factor Augmented Panel (FAP) to control for the presence of common unobservable factors. We construct a real-time dataset of macroeconomic and fiscal variables for a panel of OECD countries for the period...

Persistent link: https://www.econbiz.de/10010790255

Emigration and Brain Drain; Evidence From the Caribbean

Mishra, Prachi - International Monetary Fund (IMF) - 2006

This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and benefits. The Caribbean countries have lost 10-40 percent of their labor force due to emigration to OECD member countries. The migration rates are particularly striking for the...

Persistent link: https://www.econbiz.de/10005248304

The Impact of Tax and Welfare Policieson Employment and Unemployment in OECD Countries

Disney, Richard - International Monetary Fund (IMF) - 2000

The paper provides a selective survey of methods and findings concerning the impact of tax and welfare policies on employment, unemployment, and economic growth in OECD countries. The paper examines a number of facets of tax and welfare policy and concludes that cross-country macroeconomic...

Persistent link: https://www.econbiz.de/10005263942

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 …

Persistent link: https://www.econbiz.de/10009654152

Labor Market Flexibility and Unemployment; New Empirical Evidence of Static and Dynamic Effects

Bernal-Verdugo, Lorenzo E.; Furceri, Davide; Guillaume, … - International Monetary Fund (IMF) - 2012

The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on...

Persistent link: https://www.econbiz.de/10009654164

Decentralizing Spending More Than Revenue; Does it Hurt Fiscal Performance?

Eyraud, Luc; Lusinyan, Lusine - International Monetary Fund (IMF) - 2011

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit...

Persistent link: https://www.econbiz.de/10009327869

How Long Do Housing Cycles Last? a Duration Analysis for 19 OECD Countries

Bracke, Philippe - International Monetary Fund (IMF) - 2011

This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OECD countries. I provide two sets of results, one pertaining to the average length and the other to the length distribution. On average, upturns are longer than downturns, but the difference...

Persistent link: https://www.econbiz.de/10009327876

Expansionary Austerity New International Evidence

Leigh, Daniel; Pescatori, Andrea; Guajardo, Jaime - International Monetary Fund (IMF) - 2011

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by...

Persistent link: https://www.econbiz.de/10009203541

Subnational Health Spending and Soft Budget Constraints in OECD Countries

Crivelli, Ernesto; Leive, Adam; Stratmann, Thomas - International Monetary Fund (IMF) - 2010

Government spending on health has grown as a percent of GDP over the last 40 years in industrialized countries. Widespread decentralization of healthcare systems has often accompanied this increase in spending. In this paper, we explore the effect of soft budget constraints on subnational health...

Persistent link: https://www.econbiz.de/10008560437

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