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This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which … him have turned out to be correct. Within the sphere of economics, undoubtedly the most famous and widely used forecast …
Persistent link: https://www.econbiz.de/10014400481
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff … economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world … economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and …
Persistent link: https://www.econbiz.de/10014404422
This edition of the World Economic Outlook explores the prospects for growth in the aftermath of the financial crisis …
Persistent link: https://www.econbiz.de/10014406212
challenges of an integrated global economy …
Persistent link: https://www.econbiz.de/10014408167
It has been argued that “buy-backs” and “debt-equity swaps” allow developing countries to benefit from market discounts on their external debt. It is argued here, however, that if such programs are expected to be successful in increasing the market value of remaining debt, they also lead...
Persistent link: https://www.econbiz.de/10014400248
WILLIAM. white, who joined the International Monetary Fund in 1948, spent his entire professional life in the Research Department. Present and past staff members, many of whom benefited from his advice, have asked that his contribution-to the work of the Fund should receive recognition in Staff...
Persistent link: https://www.econbiz.de/10014400249
This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure...
Persistent link: https://www.econbiz.de/10014400250
This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the …
Persistent link: https://www.econbiz.de/10014400482
This paper uses microeconomic panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, it finds that, at the aggregate level, skilled and unskilled workers are subject to the same degree...
Persistent link: https://www.econbiz.de/10014400483
The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some...
Persistent link: https://www.econbiz.de/10014400484