Narrow search
Showing 1 - 10 of 66
Cover Image
Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow...
Persistent link: https://www.econbiz.de/10011142089
Cover Image
The Quality of the Recent High-Growth Episode in Sub-Saharan Africa
Martinez, Marcelo; Mlachila, Montfort - International Monetary Fund (IMF) - 2013
The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10011123863
Cover Image
How Solid Is Economic Growth in the East African Community?
Gigineishvili, Nikoloz; Mauro, Paolo; Wang, Ke - International Monetary Fund (IMF) - 2014
the production side seem to have emerged, to embed a durable comparative advantage in international markets. These …
Persistent link: https://www.econbiz.de/10011123874
Cover Image
A Tradeoff between the Output and Current Account Effects of Pension Reform
Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...
Persistent link: https://www.econbiz.de/10010790246
Cover Image
What Is in Your Output Gap? Unified Framework & Decomposition into Observables
Andrle, Michal - International Monetary Fund (IMF) - 2013
This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart...
Persistent link: https://www.econbiz.de/10010790260
Cover Image
Potential Output and Output Gap in Central America, Panama and Dominican Republic
Johnson, Christian A - International Monetary Fund (IMF) - 2013
unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this …
Persistent link: https://www.econbiz.de/10010790335
Cover Image
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 … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …
Persistent link: https://www.econbiz.de/10010790380
Cover Image
Remittances; An Automatic Output Stabilizer?
Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...
Persistent link: https://www.econbiz.de/10004999978
Cover Image
Inside the Crisis; An Empirical Analysis of Banking Systems in Distress
Gupta, Poonam; Demirgüç-Kunt, Asli; Detragiache, Enrica - International Monetary Fund (IMF) - 2000
Using aggregate and bank level data for several countries, the paper studies what happens to the banking system in the aftermath of a banking crisis. Contemporary crises are not accompanied by declines in aggregate bank deposits, and credit does not fall relative to output, although the growth...
Persistent link: https://www.econbiz.de/10005768800
Cover Image
How Does Globalization Affect the Synchronization of Business Cycles?
Kose, M. Ayhan; Prasad, Eswar; Terrones, Marco - International Monetary Fund (IMF) - 2003
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...
Persistent link: https://www.econbiz.de/10005769009