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Energy Subsidies and Energy Consumption; A Cross-Country Analysis
Charap, Joshua; Silva, Arthur Ribeiro da; Rodriguez, Pedro C - International Monetary Fund (IMF) - 2013
indicate a long-term price elasticity of energy demand between -0.3 and -0.5, which suggests that countries can reap …
Persistent link: https://www.econbiz.de/10011242222
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Oil and the World Economy; Some Possible Futures
Kumhof, Michael; Muir, Dirk - International Monetary Fund (IMF) - 2012
This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...
Persistent link: https://www.econbiz.de/10011242343
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Differential Effects of Oil Demand and Supply Shocks on the Global Economy.
Cashin, Paul - 2012
countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to … economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10012690166
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Estimating Demand for IMF Financing by Low-Income Countries in Response to Shocks
Bal-Gunduz, Yasemin - 2009
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy …. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intens …
Persistent link: https://www.econbiz.de/10012677510
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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