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Chand, Sheetal K. - International Monetary Fund (IMF) - 1992

Fiscal impulse measures are used in the WEO and elsewhere to indicate the changing impact of the budget on the economy. Such measures are intended to provide more accurate indications of whether the budget is becoming more or less expansionary than would just observing moments in the actual...

Persistent link: https://www.econbiz.de/10005248137

Tariffs, Optimal Taxes, and Collection Costs

Mihaljek, Dubravko - International Monetary Fund (IMF) - 1992

This paper studies an optimal tax problem for a small open economy where collecting taxes is costly. It is shown that …, in the presence of collection costs modeled as an increasing function of the tax rate: (a) the standard rules of optimal … domestic taxes as a second-best revenue-raising device; and (c) the optimal tariff/tax structure may be uniform rather than …

Persistent link: https://www.econbiz.de/10005768853

Foreign Aid and Revenue Response; Does the Composition of Aid Matter?

Pivovarsky, Alexander; Clements, Benedict J.; Gupta, Sanjeev - International Monetary Fund (IMF) - 2003

This paper examines the revenue response to inflows of foreign aid in 107 countries during the period 1970–2000, In particular, it investigates whether the impact of aid on the revenue effort depends on the composition of aid (grants vis-à-vis loans). The results indicate that while...

Persistent link: https://www.econbiz.de/10005599232

Issues in Extractive Resource Taxation; A Review of Research Methods and Models

Smith, James L. - International Monetary Fund (IMF) - 2012

empirical results or policy conclusions regarding preferred tax instruments or systems. We argue, in fact, that the nature of …

Persistent link: https://www.econbiz.de/10011242279

Global Aging and Declining World Interest Rates; Macroeconomic Insurance Through Pension Reform in Cyprus

Hoffmaister, Alexander W.; Guajardo, Jaime; Catalán, Mario - International Monetary Fund (IMF) - 2008

, in turn, will be passed on to pension benefits, exacerbating aging-related fiscal pressures. The pass-through effect will … wages to prices, provide substantial macro-insurance and shock absorption benefits. …

Persistent link: https://www.econbiz.de/10005263971

Can the Release of a Monetary Overhang Trigger Hyperinflation?

Osband, Kent; Lin, Shoukang - International Monetary Fund (IMF) - 1992

It is widely feared that, once prices are decontrolled in the formerly centrally–planned economies, households’ release of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country’s fiscal, monetary, and labor market policies are...

Persistent link: https://www.econbiz.de/10005264162

Centralized Bargaining, Efficiency Wages, and Flexibility

Ramaswamy, Ramana; Rowthorn, Bob - International Monetary Fund (IMF) - 1993

The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the...

Persistent link: https://www.econbiz.de/10005599701

A Cointegration Model for Search Equilibrium Wage Formation

International Monetary Fund (IMF); International … - 2004

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective, this paper presents an econometric analysis of the influence of labor market flows on wage formation as an alternative to the...

Persistent link: https://www.econbiz.de/10005604781

Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal

Takizawa, H. - International Monetary Fund (IMF) - 2003

Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...

Persistent link: https://www.econbiz.de/10005604782

A Simple Monetary Model of a Shortage Economy

Lin, Shoukang - International Monetary Fund (IMF) - 1992

During the transition from a centrally planned economy to a market economy, many countries seem to have experienced some degree of macroeconomic instability. This paper attempts to provide a theoretical explanation of this phenomenon. The paper develops a simple monetary model and shows how...

Persistent link: https://www.econbiz.de/10005605137