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A New Financial System for Poverty Reduction and Growth
Bossone, Biaggio; Sarr, Abdourahmane - International Monetary Fund (IMF) - 2002
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573
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Africa's Got Work to Do; Employment Prospects in the New Century
Fox, Louise; Haines, Cleary; Munoz, Jorge Huerta; … - International Monetary Fund (IMF) - 2013
Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on … household survey estimates for 28 countries and an elasticity-type model that relates employment to economic growth and … employment, means that even if sub-Saharan Africa realizes another decade of strong growth, the share of labor force employed in …
Persistent link: https://www.econbiz.de/10011242333
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Inside the Crisis; An Empirical Analysis of Banking Systems in Distress
Gupta, Poonam; Demirgüç-Kunt, Asli; Detragiache, Enrica - International Monetary Fund (IMF) - 2000
Using aggregate and bank level data for several countries, the paper studies what happens to the banking system in the aftermath of a banking crisis. Contemporary crises are not accompanied by declines in aggregate bank deposits, and credit does not fall relative to output, although the growth...
Persistent link: https://www.econbiz.de/10005768800
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Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow...
Persistent link: https://www.econbiz.de/10011142089
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Utilization-Adjusted Output Gap : Is the Russian Economy Overheating?
Oomes, Nienke - 2006
UTILIZATION IN RUSSIA -- A. Capacity Utilization -- B. Labor Utilization -- C. Estimating the Natural Rate -- IV. OUTPUT GAP … ESTIMATES -- A. Trend Fitting and Statistical Filtering -- B. Production Function Approach -- V. CONCLUSIONS -- I …
Persistent link: https://www.econbiz.de/10012691060
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Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy
Srour, Gabriel - International Monetary Fund (IMF) - 2004
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
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A Tradeoff between the Output and Current Account Effects of Pension Reform
Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...
Persistent link: https://www.econbiz.de/10010790246
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Measuring a Roller Coaster; Evidenceon the Finnish Output Gap
Billmeier, Andreas - International Monetary Fund (IMF) - 2004
The output gap-which measures the deviation of actual output from its potential-is frequently used as an indicator of slack in an economy. This paper estimates the Finnish output gap using various empirical methods. It evaluates these methods against economic history and each other by a...
Persistent link: https://www.econbiz.de/10005825681
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Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya - International Monetary Fund (IMF) - 2008
statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method …
Persistent link: https://www.econbiz.de/10005826202
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Alternative Methods of Estimating Potential Output and the Output Gap; An Application to Sweden
Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000
This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainable noninflationary growth and to allow an assessment of the stance of...
Persistent link: https://www.econbiz.de/10005605416