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Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth

Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

Persistent link: https://www.econbiz.de/10010800970

Aggregate Stability and Balanced-Budget Rules

Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real...

Persistent link: https://www.econbiz.de/10010790380

Hysteresis in Unemployment and Jobless Recoveries

Plotnikov, Dmitry - International Monetary Fund (IMF) - 2014

This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This...

Persistent link: https://www.econbiz.de/10010790439

Fixing the Fixings; What Road to a More Representative Money Market Benchmark?

Brousseau, V.; Chailloux, Alexandre; Durré, A. - International Monetary Fund (IMF) - 2013

, 2009), this paper discusses various options to move towards a new benchmarking system in the money market. It proposes a …

Persistent link: https://www.econbiz.de/10011242252

Money and Collateral

Singh, Manmohan; Stella, Peter - International Monetary Fund (IMF) - 2012

of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains …

Persistent link: https://www.econbiz.de/10010790405

How to Fight Deflation in a Liquidity Trap; Committing to Being Irresponsible

Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2003

can be analyzed as a credibility problem if the government has only one policy instrument, money supply carried out by … solve the credibility problem. They involve printing money or nominal debt and either (1) cutting taxes, (2) buying real … these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

Persistent link: https://www.econbiz.de/10005599394

The ECBâ€™s Monetary Analysis Revisited

Berger, Helge; Harjes, Thomas; Stavrev, Emil - International Monetary Fund (IMF) - 2008

money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …

Persistent link: https://www.econbiz.de/10005599686

Determinants of Dollarization; The Banking Side

Terrones, Marco; Catão, Luis - International Monetary Fund (IMF) - 2000

Dollarization in financial intermediation has exhibited a widely diverse pattern across countries. Empirical work relating it to macroeconomic variables has had only limited success in explaining the phenomenon. This paper presents a two-currency banking model to show that deposit and loan...

Persistent link: https://www.econbiz.de/10005604809

Inflation in Pakistan; Money or Wheat?

Khan, Mohsin S.; Schimmelpfennig, Axel - International Monetary Fund (IMF) - 2006

Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the …

Persistent link: https://www.econbiz.de/10005604974

Private Finance and Public Policy

Schinasi, Garry J. - International Monetary Fund (IMF) - 2004

the linkages between finance, money, and the real economy. Sources of market imperfections in finance are identified and …

Persistent link: https://www.econbiz.de/10005605171