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International Monetary Fund (IMF); International … - 2009

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and … regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We …

Persistent link: https://www.econbiz.de/10008528670

Social Spending in Korea; Can it Foster Sustainable and Inclusive Growth?

Elekdag, Selim - International Monetary Fund (IMF) - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10011242304

Dimensions of Land Inequality and Economic Development

Erickson, Lennart; Vollrath, Dietrich - International Monetary Fund (IMF) - 2004

There are several theories linking land inequality with aspects of economic development. Empirical work on these theories has attempted to establish a relationship between land inequality and institutions, financial development, and education. This research, though, has relied on measures of...

Persistent link: https://www.econbiz.de/10005768901

Land Distribution and Financial System Development

Vollrath, Dietrich; Erickson, Lennart - International Monetary Fund (IMF) - 2007

Research on credit markets from developing economies, as well as work on the origin of institutions in general, has suggested that land inequality may play a role in determining financial development. In this paper we establish empirically that initial land inequality is a significant predictor...

Persistent link: https://www.econbiz.de/10005599730

Inequality, Poverty, and Growth; Cross-Country Evidence

Iradian, Garbis - International Monetary Fund (IMF) - 2005

This paper examines the empirical relationship between inequality and growth, and analyzes the impacts of growth, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that reduces measurement error and ensures comparability...

Persistent link: https://www.econbiz.de/10005263901

Sustaining Growth Accelerations and Pro-Poor Growth in Africa

Gupta, Sanjeev; Pattillo, Catherine A.; Carey, Kevin Joseph - International Monetary Fund (IMF) - 2005

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in...

Persistent link: https://www.econbiz.de/10005264160

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

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

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy

Dabla-Norris, Era; Ji, Yan; Townsend, Robert; Unsal, D. … - International Monetary Fund (IMF) - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...

Persistent link: https://www.econbiz.de/10011163128

The Flexible System of Global Models â€“ FSGM

Andrle, Michal; Blagrave, Patrick; Espaillat, Pedro; … - International Monetary Fund (IMF) - 2015

The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...

Persistent link: https://www.econbiz.de/10011242191