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Hierarchy and Authority in a Dynamic Perspective; A Model Applied to Donor Financing of NGO Proposals
Yontcheva, Boriana - International Monetary Fund (IMF) - 2003
This paper presents a dynamic game of strategic delegation between a principal and an agent. The principal can choose between two organizational designs: a traditional hierarchy where she retains authority over the choice of projects to be implemented or a delegation where she allows her agent...
Persistent link: https://www.econbiz.de/10005263678
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Economic Implications of China's Demographics in the 21st Century
Cheng, Kevin C. - International Monetary Fund (IMF) - 2003
This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...
Persistent link: https://www.econbiz.de/10005825867
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Demographic Change in Asia; The Impacton Optimal National Saving, Investment, and the Current Account
McDonald, Ian; Bésanger, Serge; Guest, Ross - International Monetary Fund (IMF) - 2000
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...
Persistent link: https://www.econbiz.de/10005826103
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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10011242381
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Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
Choi, Sangyup; Loungani, Prakash - International Monetary Fund (IMF) - 2015
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …
Persistent link: https://www.econbiz.de/10011242392
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What drives the POLONIA spread in Poland?
Lu, Yinqiu - 2012
Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP's open market operations on the short-term interbank rate. In this regard, this paper analyzes the behavior of...
Persistent link: https://www.econbiz.de/10009621633
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Managing large-scale capital inflows : the case of the Czech Republic, Poland and Romania
Chowdhury, Ibrahim; Keller, Leonor - 2012
onset of the 2008 global financial crisis - the Czech Republic, Poland, and Romania. It finds that the evaluation …
Persistent link: https://www.econbiz.de/10009615786
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The Role of Domestic and External Shocks in Poland: Results from an Agnostic Estimation Procedure
Andrle, Michal; Garcia-Saltos, Roberto; Ho, Giang - International Monetary Fund (IMF) - 2013
This paper discusses interlinkages between Poland and the euro zone using a simple and agnostic econometric approach … assumptions that allow us to identify how external factors affect the evolution of business cycles in Poland in the period 1999 …-2012. Our results suggest that developments in the euro zone can explain about 50 percent of poland’s output and interest rate …
Persistent link: https://www.econbiz.de/10010790326
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Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe
Everaert, Greetje; Che, Natasha Xingyuan; Geng, Nan; … - International Monetary Fund (IMF) - 2015
studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply …
Persistent link: https://www.econbiz.de/10011163123
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Trade Linkages, Balance Sheets, and Spillovers; The Germany-Central European Supply Chain
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2013
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic …
Persistent link: https://www.econbiz.de/10011242281