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How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?
Jaumotte, Florence; Tytell, Irina - International Monetary Fund (IMF) - 2007
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...
Persistent link: https://www.econbiz.de/10005768889
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Wage-Price Setting in New EU Member States
Goretti, Manuela - International Monetary Fund (IMF) - 2008
significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms … of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor …This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and …
Persistent link: https://www.econbiz.de/10005605266
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Mexico; Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market
International Monetary Fund (IMF); International … - 2007
This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...
Persistent link: https://www.econbiz.de/10011244170
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Tonga; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that Tonga’s real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the...
Persistent link: https://www.econbiz.de/10011244772
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Russian Federation; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral...
Persistent link: https://www.econbiz.de/10011245351
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Ukraine; Selected Issues
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper analyses the impact that rising energy import prices might have on growth and inflation in Ukraine. The paper examines how rising gas prices might elevate macrofiscal risks in Ukraine’s state enterprise sector. It assesses Ukraine’s equilibrium exchange...
Persistent link: https://www.econbiz.de/10011245611
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Tonga; 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation highlights that Tonga’s economy has shown resilience in the aftermath of the November 2006 riots and is now on a path to recovery. The key factor underpinning this resilience has been private investment. Donor-supported government reconstruction loans are...
Persistent link: https://www.econbiz.de/10011245814
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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a …
Persistent link: https://www.econbiz.de/10011245903
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Wage Flexibility in Turbulent Times; A Practitioner's Guide
International Monetary Fund (IMF); International … - 2005
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment/low-wage …This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper …
Persistent link: https://www.econbiz.de/10005248228
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The Distributional Consequences of Real Exchange Rate Adjustment
Klyuev, Vladimir - International Monetary Fund (IMF) - 2003
The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less...
Persistent link: https://www.econbiz.de/10005248306