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The Electricity Sector in FYR Macedonia
Tieman, Alexander F. - International Monetary Fund (IMF) - 2011
This paper describes the current state of the Macedonian electricity sector. It looks at ongoing structural changes …, driven by the gradual adoption of the EU acquis on energy, and comes up with estimates for electricity subsidies. It …
Persistent link: https://www.econbiz.de/10008839339
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Financing Infrastructure in India; Macroeconomic Lessons and Emerging Market Case Studies
Walsh, James P; Yu, Jiangyan; Park, Chanho - International Monetary Fund (IMF) - 2011
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10009203552
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Modeling Macro-Critical Energy Sectors in Low-Income Countries; A General Framework and An Application to Côte D'Ivoire
Fabig, Holger - International Monetary Fund (IMF) - 2008
as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It … electricity sector, and inefficient government subsidies in the latter two subsectors. …
Persistent link: https://www.econbiz.de/10005604798
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Made in Mexico: Energy Reform and Manufacturing Growth
Alvarez, Jorge; Valencia, Fabian - International Monetary Fund (IMF) - 2015
energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …
Persistent link: https://www.econbiz.de/10011242302
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The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union; A View From the Supply Side
International Monetary Fund (IMF); International … - 2000
The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set...
Persistent link: https://www.econbiz.de/10005263697
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Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries
Saavalainen, Tapio; Berge, Joy Mylène ten - International Monetary Fund (IMF) - 2006
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10005768963
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A note on the anti-herding instinct of interest rate forecasters
Pierdzioch, Christian; Rülke, Jan-Christoph - In: Empirical Economics 45 (2013) 2, pp. 665-673
With regard to interest rate forecasts, earlier researchers have found mixed evidence of forecaster herding. Using the Livingston survey data, we reexamined the case for forecaster herding. We did not find evidence of forecaster herding. On the contrary, we found strong evidence of forecaster...
Persistent link: https://www.econbiz.de/10010994421
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Nowcasting norwegian GDP: the role of asset prices in a small open economy
Aastveit, Knut; Trovik, Tørres - In: Empirical Economics 42 (2012) 1, pp. 95-119
Persistent link: https://www.econbiz.de/10010994463
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Food Inflation in India: The Role for Monetary Policy
Anand, Rahul; Ding, Ding; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated reduced-form general equilibrium model of the Indian economy, which incorporates...
Persistent link: https://www.econbiz.de/10010959475
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Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach
Vitek, Francis - International Monetary Fund (IMF) - 2014
, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary …
Persistent link: https://www.econbiz.de/10010959478