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Precautionary Savings in the Great Recession
Mody, Ashoka; Sandri, Damiano; Ohnsorge, Franziska - International Monetary Fund (IMF) - 2012
Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...
Persistent link: https://www.econbiz.de/10009654146
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Dissecting Saving Dynamics; Measuring Wealth, Precautionary, and Credit Effects
Carroll, Christopher; Sommer, Martin; Slacalek, Jiri - International Monetary Fund (IMF) - 2012
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal...
Persistent link: https://www.econbiz.de/10011242291
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What is Shadow Banking?
Claessens, Stijn; Ratnovski, Lev - International Monetary Fund (IMF) - 2014
There is much confusion about what shadow banking is. Some equate it with securitization, others with non-traditional bank activities, and yet others with non-bank lending. Regardless, most think of shadow banking as activities that can create systemic risk. This paper proposes to describe...
Persistent link: https://www.econbiz.de/10011123838
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The Net Stable Funding Ratio: Impact and Issues for Consideration
Gobat, Jeanne; Yanase, Mamoru; Maloney, Joseph - International Monetary Fund (IMF) - 2014
policy issues for consideration in implementing the NSFR. …
Persistent link: https://www.econbiz.de/10011142026
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Recent U.S. Labor Force Dynamics: Reversible or not?
Balakrishnan, Ravi; Dao, Mai; Sole, Juan; Zook, Jeremy - International Monetary Fund (IMF) - 2015
recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate …
Persistent link: https://www.econbiz.de/10011242381
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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
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Who's Going Green and Why? Trends and Determinants of Green Investment
Eyraud, Luc; Zhang, Changchang; Wane, Abdoul Aziz; … - International Monetary Fund (IMF) - 2011
some policy interventions, such as the introduction of carbon pricing schemes, or "feed-in-tariffs," which require use of …
Persistent link: https://www.econbiz.de/10009401202
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Energy Efficiency and Renewable Energy Supply for the G-7 Countries, with Emphasison Germany
Strand, Jon - International Monetary Fund (IMF) - 2007
This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...
Persistent link: https://www.econbiz.de/10005605334
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Will Natural Gas Prices Decouple From Oil Prices Across the Pond?
International Monetary Fund (IMF); International … - 2011
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas suppliers. Taking into account total gas...
Persistent link: https://www.econbiz.de/10009151207
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Energy Efficiency and Renewable Energy Supply for the G-7 Countries, With Emphasis on Germany
Strand, Jon - 2007
This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...
Persistent link: https://www.econbiz.de/10012677556