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Does Public-Sector Employment Fully Crowd Out Private-Sector Employment?
Behar, Alberto; Mok, Junghwan - International Monetary Fund (IMF) - 2013
We quantify the extent to which public-sector employment crowds out private-sector employment using specially assembled … private-sector employment rates and high proportions of government-sector employment. Regressions of either private …-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that …
Persistent link: https://www.econbiz.de/10010790351
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Why Are Japanese Wages so Sluggish?
Sommer, Martin - International Monetary Fund (IMF) - 2009
felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment …
Persistent link: https://www.econbiz.de/10004999951
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Recession and Policy Transmission to Latin American tourism; Does Expanded Travel to Cuba offset Crisis Spillovers?
Wolfe, Andrew M.; Romeu, Rafael - International Monetary Fund (IMF) - 2011
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10008839340
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Medium-Term Fiscal Multipliers during Protracted Recessions
Dell'Erba, Salvatore; Poplawski-Ribeiro, Marcos; … - International Monetary Fund (IMF) - 2014
Jorda’s (2005) local projection methodology, we find that cumulative fiscal multipliers related to output, employment and … consolidation plans to reduce public debt burdens should proceed gradually if economic activity remains below trend for a prolonged …
Persistent link: https://www.econbiz.de/10011142040
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Tariff-tax reforms in large economies
Ganelli, Giovanni; Tervala, Juha - 2012
This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...
Persistent link: https://www.econbiz.de/10009615785
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Financial Integration and Risk-Adjusted Growth Opportunities
Ivaschenko, Iryna V.; Nicoló, Gianni De - International Monetary Fund (IMF) - 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth opportunities, and identifies some of the channels through...
Persistent link: https://www.econbiz.de/10005263723
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Central Bank Credit to the Government; What Can We Learn From International Practices?
Matamoros-Indorf, Marcela; Sharma, Mrinalini; Townsend, … - International Monetary Fund (IMF) - 2012
Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government...
Persistent link: https://www.econbiz.de/10009650634
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Is Social Spending Procyclical?
Gupta, Sanjeev; Hajdenberg, Alejandro; Granado, Javier … - International Monetary Fund (IMF) - 2010
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures...
Persistent link: https://www.econbiz.de/10008727788
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Business Cycle Fluctuations, Large Shocks, and Development Aid; New Evidence
Dabla-Norris, Era; Minoiu, Camelia; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2010
We examine the cyclical properties of development aid using bilateral data for 22 donors and over 100 recipients during 1970?2005. We find that bilateral aid flows are on average procyclical with respect to business cycles in donor and recipient countries. However, they become countercyclical...
Persistent link: https://www.econbiz.de/10008727796
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Global Business Cycles; Convergence or Decoupling?
Kose, M. Ayhan; Prasad, Eswar; Otrok, Christopher - International Monetary Fund (IMF) - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10005825794