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Productivity and Product Markets in Korea: Evidence from Advanced Economies

Swiston, Andrew - 2022

This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea's labor … productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD's Product …

Persistent link: https://www.econbiz.de/10015060021

Utilization-Adjusted Output Gap : Is the Russian Economy Overheating?

Oomes, Nienke - 2006

Intro -- Contents -- I. INTRODUCTION -- II. THE NONACCELERATING INFLATION RATE OF FACTOR UTILIZATION -- III. FACTOR UTILIZATION IN RUSSIA -- A. Capacity Utilization -- B. Labor Utilization -- C. Estimating the Natural Rate -- IV. OUTPUT GAP ESTIMATES -- A. Trend Fitting and Statistical Filtering...

Persistent link: https://www.econbiz.de/10012691060

Small Island States in the Pacific : the Tyranny of Distance

Becker, Chris - 2012

Cover -- Contents -- Abstract -- I. Introduction -- II. Defining Small States by population -- III. Lacking Economies of Scale -- A. Fixed costs spread over narrow base -- B. Scope for regional cooperation -- IV. Income per capita -- V. Scope for Import substitution through agriculture -- VI....

Persistent link: https://www.econbiz.de/10009622524

Optimal liquidity and economic stability

Linghui Han; Lee, Il Houng - 2012

Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...

Persistent link: https://www.econbiz.de/10009615556

Investigating Inflation Dynamics in Sudan

Moriyama, Kenji - 2008

This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate...

Persistent link: https://www.econbiz.de/10012677638

Public Debt, Money Supply, and Inflation : A Cross-Country Study and its Application to Jamaica

McFarlane, Lavern - 2006

Intro -- Contents -- I. INTRODUCTION -- II. CONCEPTUAL FRAMEWORK -- III. EMPIRICAL FINDINGS OF THE CROSS-COUNTRY STUDY -- IV. APPLICATION TO JAMAICA -- V. POLICY IMPLICATIONS -- VI. SUMMARY AND CONCLUSIONS -- A. DATA SOURCES AND DEFINITIONS AND COUNTRY GROUPING -- B. DEBT-INFLATION TRAP AND DEBT...

Persistent link: https://www.econbiz.de/10012691126

A Note of Caution on the Relation Between Money Growth and Inflation

Berger, Helge - 2023

We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid time-varying parameter Bayesian VAR models. Model selection based on marginal likelihoods suggests that the relation is statistically unstable across time in both regions. The...

Persistent link: https://www.econbiz.de/10015059375

Forecasting Inflation in Sudan

Moriyama, Kenji - 2009

This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests...

Persistent link: https://www.econbiz.de/10012677800

Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies

End, Nicolas - 2024

Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...

Persistent link: https://www.econbiz.de/10015058746

New Shocks, Exchange Rates and Equityprices

Cova, Pietro; Rebucci, Alessandro; Matsumoto, Akito; … - International Monetary Fund (IMF) - 2008

productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …

Persistent link: https://www.econbiz.de/10005825757