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Empirical Exchange Rate Models of the Nineties; Are Any Fit to Survive?

Cheung, Yin-Wong; Pascual, Antonio Garcia; Chinn, … - International Monetary Fund (IMF) - 2004

We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...

Persistent link: https://www.econbiz.de/10005263978

Sustaining Growth Accelerations and Pro-Poor Growth in Africa

Gupta, Sanjeev; Pattillo, Catherine A.; Carey, Kevin Joseph - International Monetary Fund (IMF) - 2005

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in...

Persistent link: https://www.econbiz.de/10005264160

Commodity Price Volatility and the Sources of Growth

International Monetary Fund (IMF); International … - 2012

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

Persistent link: https://www.econbiz.de/10009650613

Asset Prices in Affine Real Business Cycle Models

Shamloo, Maral; Malkhozov, Aytek - International Monetary Fund (IMF) - 2010

models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log …

Persistent link: https://www.econbiz.de/10008727787

Cointegrated TFP Processes and International Business Cycles

Tuesta, Vicente; Rubio-Ramirez, Juan F.; Rabanal, Pau - International Monetary Fund (IMF) - 2009

A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the "rest of the world," is characterized by a vector error...

Persistent link: https://www.econbiz.de/10008559267

Trade Patterns Among Industrial Countries; Their Relationship to Technology Differences and Capital Mobility

Saito, Mika - International Monetary Fund (IMF) - 2004

measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …

Persistent link: https://www.econbiz.de/10005825862

Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data

Christiansen, Lone Engbo - International Monetary Fund (IMF) - 2008

This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on … productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as …

Persistent link: https://www.econbiz.de/10005768749

International R and D Spillovers and Institutions

Hoffmaister, Alexander W.; Coe, David T.; Helpman, Elhanan - International Monetary Fund (IMF) - 2008

characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …

Persistent link: https://www.econbiz.de/10005768791

Service offshoring, Productivity, and Employment; Evidence From the United States

Amiti, Mary; Wei, Shang-Jin - International Monetary Fund (IMF) - 2005

This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000 … has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth … during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller …

Persistent link: https://www.econbiz.de/10005768861

Export Orientation and Productivity in Sub-Saharan Africa

Pattillo, Catherine A.; Mengistae, Taye - International Monetary Fund (IMF) - 2002

total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by … data, we cannot disentangle its effect on productivity from those of more traditionally recognized channels of …

Persistent link: https://www.econbiz.de/10005768934