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boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries …This paper argues that the large differences among EU countries in post-crisis employment performance are to a large … countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to …
Persistent link: https://www.econbiz.de/10011242321
This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more...
Persistent link: https://www.econbiz.de/10010790394
crisis had a larger negative impact on firms with greater reliance on external financing, and firms with higher sensitivity … to aggregate demand and exports. Firms with more foreign currency debt also had larger declines in sales, although their … investment or profits did not differ significantly from other firms. …
Persistent link: https://www.econbiz.de/10011142000
employment in low-wage firms than in high-wage firms. Our results are robust for different treatment groups, sample attrition …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 …
Persistent link: https://www.econbiz.de/10011123849
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
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
This selected issues paper on Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 7, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011244203
This statistical appendix for the Federated States of Micronesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with wages. Consumer price index, Pohnpei consumer index, Chuuk consumer index, Kosrae consumer index, and...
Persistent link: https://www.econbiz.de/10011244212
This Selected Issues Paper focuses on economic condition, energy subsidies, and oil prices in Jordan. Energy price subsidies pose a serious fiscal risk in the present context of increasing and volatile international prices. The macroeconomic situation in Jordan is closely tied to that of other...
Persistent link: https://www.econbiz.de/10011244218
This Selected Issues paper discusses the need to meet Algeria’s fiscal challenges. Although Algeria enjoys substantial fiscal savings, fiscal policy is currently on an unsustainable path. Under current projections, Algeria will deplete its financial savings in the long term, leaving...
Persistent link: https://www.econbiz.de/10011244222