Narrow search
Showing 1 - 10 of 304
Cover Image
The Volatility Trap; Precautionary Saving, Investment, and Aggregate Risk
Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2012
We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low investment, or a "volatility trap." Namely, big savers...
Persistent link: https://www.econbiz.de/10011242299
Cover Image
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 … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth. …
Persistent link: https://www.econbiz.de/10005263983
Cover Image
The Savings Trap and Economic Take-Off
Ghosh, Atish R.; Asilis, Carlos M. - International Monetary Fund (IMF) - 1992
determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each … period, result in either of two stable equilibria for the savings rate. At the “good” equilibrium, savings and growth are … individual’s belief about the savings behavior of other agents in the economy. The model implies that fiscal policy or public …
Persistent link: https://www.econbiz.de/10005263787
Cover Image
Growth, Productivity, and the Rate of Returnon Capital
Chadha, Bankim; Adams, Charles - International Monetary Fund (IMF) - 1992
This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...
Persistent link: https://www.econbiz.de/10005263880
Cover Image
Food Prices and the Multiplier Effect of Trade Policy
Giordani, Paolo; Rocha, Nadia; Ruta, Michele - International Monetary Fund (IMF) - 2014
prediction of the theory with a new dataset that comprises monthly information on trade measures across 77 countries and 33 food …
Persistent link: https://www.econbiz.de/10010959482
Cover Image
Assessing the Impact of a Change in the Composition of Public Spending; A DSGE Approach
Tchakarov, Ivan; Straub, Roland - International Monetary Fund (IMF) - 2007
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activity may be correspondingly negatively affected. At the same time, however, public...
Persistent link: https://www.econbiz.de/10005825753
Cover Image
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
Cover Image
Bangladesh; 2007 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ban...
International Monetary Fund (IMF); International … - 2007
The staff report for the 2007 Article IV Consultation on Bangladesh highlights recent developments and policy discussions. Bangladesh’s growth outlook and external position remain robust, but inflation has picked up. Overall macroeconomic stability has been maintained, but fiscal...
Persistent link: https://www.econbiz.de/10011243595
Cover Image
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
Cover Image
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
Tajikistan’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