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The Impact of Reduced Commuting on Labor Supply and Household Welfare : A Post-Pandemic Analysis
Ji, Yi - 2024
This paper examines the impact of changes in commuting time on welfare and labor supply in the aftermath of the COVID …-19 pandemic. Utilizing data from the American Time Use Survey, we observe a shift in commuting time and working hours … accounts for commuting time, and we characterize how changes in commuting time impact individuals' and spouses' labor supply …
Persistent link: https://www.econbiz.de/10015058468
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Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals?
Laframboise, Nicole; Mwase, Nkunde; Park, Joonkyu; … - International Monetary Fund (IMF) - 2014
The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that:...
Persistent link: https://www.econbiz.de/10011123825
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The Impact of Trade Liberalizationon the Trade Balance in Developing Countries
Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008
Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...
Persistent link: https://www.econbiz.de/10005248278
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The Impact of Introducing a Minimum Wageon Business Cycle Volatility; A Structural Analysis for Hong Kong SAR
International Monetary Fund (IMF); International … - 2008
We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its exchange rate regime precluding active monetary policy. Adjustment to past shocks...
Persistent link: https://www.econbiz.de/10005263930
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A Simple Dge Model for Inflation Targeting
International Monetary Fund (IMF); International … - 2007
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10005264004
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Price Subsidies and the Conduct of Monetary Policy
Rebei, Nooman; Aissa, Mohamed Safouane Ben - International Monetary Fund (IMF) - 2012
This paper investigates optimized monetary policy rules in the presence of government intervention to stabilize prices of certain categories of goods and services. The paper estimates a small-scale, structural equilibrium model with a sticky-price sector and a subsidized price sector for a large...
Persistent link: https://www.econbiz.de/10009650639
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Capital Flows and Financial Stability; Monetary Policy and Macroprudential Responses
Unsal, D. Filiz - International Monetary Fund (IMF) - 2011
The resumption of capital flows to emerging market economies since mid 2009 has posed two sets of interrelated challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and (ii) to minimize the risk that prolonged periods of easy...
Persistent link: https://www.econbiz.de/10009293772
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Incorporating Financial Stability in Inflation Targeting Frameworks
Aydin, Burcu; Volkan, Engin - International Monetary Fund (IMF) - 2011
The global financial crisis has exposed the limitations of a conventional inflation targeting (IT) framework in insulating an economy from shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Accordingly, we investigate possible...
Persistent link: https://www.econbiz.de/10009327860
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World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy
Catão, Luis; Chang, Roberto - International Monetary Fund (IMF) - 2013
How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than abroad and international risk sharing can be imperfect. A key novelty is that the real exchange...
Persistent link: https://www.econbiz.de/10010838009
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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