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Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal...
Persistent link: https://www.econbiz.de/10011242291
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Rising Income Inequality : Technology, or Trade and Financial Globalization?
Papageorgiou, Chris - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10014409050
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Macroeconomic Adjustment in a Highly Dollarized Economy; The Case of Cambodia
International Monetary Fund (IMF); International … - 2002
Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...
Persistent link: https://www.econbiz.de/10005248256
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International Competitiveness of the Mediterranean Quartet:A Heterogeneous-Product Approach
Bennett, Herman Z.; Zarnic, Ziga - International Monetary Fund (IMF) - 2008
The real effective exchange rate (REER) is the most commonly used measure for assessing international competitiveness. We develop a methodology to estimate the REER that incorporates two distinctive elements that are not considered in the current literature and apply it to the Mediterranean...
Persistent link: https://www.econbiz.de/10005263676
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Looking Beyond the Fiscal; Do Oil Funds Bring Macreconomic Stability?
Shabsigh, Ghiath; Ilahi, Nadeem - International Monetary Fund (IMF) - 2007
Oil funds have become increasingly popular in oil exporting countries during the recent surge in oil prices. However, the literature on the contribution is small, tends to focus narrowly on their fiscal benefits, and concludes that they are redundant of such funds-in other words, that well...
Persistent link: https://www.econbiz.de/10005263677
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Trade, Growth, and Poverty; A Selective Survey
Berg, Andrew; Krueger, Anne O. - International Monetary Fund (IMF) - 2003
This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...
Persistent link: https://www.econbiz.de/10005263804
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Ten Years After the CFA Franc Devaluation; Progress toward Regional Integration in the Waemu
Boogaerde, Pierre van den; Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2005
This paper takes stock of the achievements toward integration in the West African Economic and Monetary Union (WAEMU) 10 years after the 1994 devaluation of the CFA franc. It investigates the lessons learned and evaluates progress toward economic convergence, examines the evolution of trade and...
Persistent link: https://www.econbiz.de/10005263827
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Econometric Analysis of Industrial Country Commodity Exports
Kumar, Manmohan S. - International Monetary Fund (IMF) - 1992
This paper examines the composition of primary commodity exports by industrial countries and contrasts this composition with that of the exports by developing countries. Both the share of industrial countries’ commodity exports in world commodity exports, as well as in their own total...
Persistent link: https://www.econbiz.de/10005263890
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The Export Performance of Sub-Saharan Africa, 1970-19+L69390: A Survey
Greene, Joshua E. - International Monetary Fund (IMF) - 1992
The export performance of Sub-Saharan Africa has lagged behind that of developing countries in other regions for the past two decades, and total export proceeds have fallen significantly since 1980. Many factors explain this outcome, including continued concentration in slowly-growing non-fuel...
Persistent link: https://www.econbiz.de/10005264058
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China's Foreign Trade Behavior in the 1980's; An Empirical Analysis
Brender, Adi - International Monetary Fund (IMF) - 1992
This paper studies the behavior of China’s foreign trade in the 1980s. Chinese customs data are used to construct, for the first time, quarterly unit value and volume series that are then used to estimate foreign trade income and price elasticities. The estimated export supply price...
Persistent link: https://www.econbiz.de/10005264077