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Reconciling Stability and Growth; Smart Pacts and Structural Reforms
Beetsma, Roel M. W. J.; Debrun, Xavier - International Monetary Fund (IMF) - 2003
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....
Persistent link: https://www.econbiz.de/10005263795
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Why Has Unemployment in Algeria Been Higher Than in Mena and Transition Countries
Kpodar, Kangni - International Monetary Fund (IMF) - 2007
productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …
Persistent link: https://www.econbiz.de/10005248294
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The Shortcomings of a Partial Release of Employment Protection Laws; The Case of the 2005 French Reform
Cahuc, Pierre; Carcillo, Stéphane - International Monetary Fund (IMF) - 2006
, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to …
Persistent link: https://www.econbiz.de/10005263994
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Social Sector Reform in Transition Countries
Keller, Christian; Heller, Peter S. - International Monetary Fund (IMF) - 2001
During the transition process, many existing social sector institutions and policies were significantly eroded and their underlying character changed. As a result, they often do not redistribute to the poorest, nor generally serve the role of facilitating economic change. Social sector reforms...
Persistent link: https://www.econbiz.de/10005264010
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Regional Convergence and the Role of Federal Transfers in Canada
Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003
Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...
Persistent link: https://www.econbiz.de/10005264150
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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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Unemployment in Latin America and the Caribbean
International Monetary Fund (IMF); International … - 2011
JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …
Persistent link: https://www.econbiz.de/10009369453
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Banks and Labor As Stakeholders; Impacton Economic Performance
Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008
Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and...
Persistent link: https://www.econbiz.de/10005825652
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The Aging of the Population and the Size of the Welfare State
Swagel, Phillip; Sadka, Efraim; Razin, Assaf - International Monetary Fund (IMF) - 2002
Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...
Persistent link: https://www.econbiz.de/10005825663
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The Effects of Early Retirementon Youth Unemployment; The Case of Belgium
Pestieau, Pierre; Lefèbvre, Mathieu; Jousten, Alain; … - International Monetary Fund (IMF) - 2008
elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument …
Persistent link: https://www.econbiz.de/10005825708