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Recent French Export Performance; Is there a Competitiveness Problem?
Kabundi, Alain N.; Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2009
Recently, the export performance of France relative to its own past and relative to a major trading partner, Germany, deteriorated. That deterioration seems related to the geographical destination and product composition of trend exports. Faced with an increase in unit labor costs or in its...
Persistent link: https://www.econbiz.de/10005769088
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Government Size and Output Volatility
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....
Persistent link: https://www.econbiz.de/10012677598
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Economic Growth and Total Factor Productivity in Niger.
Fontaine, Thomson - 2006
Persistent link: https://www.econbiz.de/10012691029
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Financial Shocks and TFP Growth
Severo, Tiago - 2010
The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on …
Persistent link: https://www.econbiz.de/10012677536
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A Coincident Indicator of the Gulf Cooperation Council (GCC) Business Cycle
Al-Hassan, Abdullah - International Monetary Fund (IMF) - 2009
This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and the real GDP growth have moved closely together....
Persistent link: https://www.econbiz.de/10004999961
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France in the Global Economy; A Structural Approximate Dynamic Factor Model Analysis
Simone, Francisco Nadal-De; Kabundi, Alain N. - International Monetary Fund (IMF) - 2007
This study identifies the main shocks that cause fluctuations in French output and their channels of transmission. It uses a large-dimensional structural approximate dynamic factor model. There are three main findings. First, common shocks, especially demand shocks, which seem to originate from...
Persistent link: https://www.econbiz.de/10005768891
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Cointegrated TFP Processes and International Business Cycles
Tuesta, Vicente; Rubio-Ramirez, Juan F.; Rabanal, Pau - International Monetary Fund (IMF) - 2009
A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the "rest of the world," is characterized by a vector error...
Persistent link: https://www.econbiz.de/10008559267
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Global Imbalances; The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
Rebucci, Alessandro; Batini, Nicoletta; Cova, Pietro; … - International Monetary Fund (IMF) - 2009
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of … the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation … 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors …
Persistent link: https://www.econbiz.de/10005825739
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Investment; Specific Technology Shocks and International Business Cycles: An Empirical Assessment
International Monetary Fund (IMF); International … - 2010
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", "international comovement",...
Persistent link: https://www.econbiz.de/10008671290
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After the Crisis; Assessing the Damage in Italy
Sgherri, Silvia; Morsy, Hanan - International Monetary Fund (IMF) - 2010
Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth … decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …
Persistent link: https://www.econbiz.de/10008727814