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The Inflation-Unemployment Trade-off at Low Inflation
Ricci, Luca Antonio - 2009
relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …
Persistent link: https://www.econbiz.de/10012677671
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Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia
Kass-Hanna, Tannous - 2023
Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using...
Persistent link: https://www.econbiz.de/10015058920
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Demand vs. Supply Decomposition of Inflation: Cross-Country Evidence with Applications
Firat, Melih - 2023
What are the contributions of demand and supply factors to inflation? To address this question, we follow Shapiro (2022) and construct quarterly demand-driven and supply-driven inflation series for 32 countries utilizing sectoral Personal Consumption Expenditures (PCE) data. We highlight global...
Persistent link: https://www.econbiz.de/10015059045
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Decomposing Climate Risks in Stock Markets
Yang, Yuanchen - 2023
Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an important information source that investors use to...
Persistent link: https://www.econbiz.de/10015059379
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The Macroeconomic Effects of Large Immigration Waves
Engler, Philipp - 2023
We propose a novel approach to measure the dynamic macroeconomic effects of immigration on the destination country, combining the analysis of episodes of large immigration waves with instrumental variables techniques. We distinguish the impact of immigration shocks in OECD countries from that of...
Persistent link: https://www.econbiz.de/10015058830
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Heterogeneous Spending, Heterogeneous Multipliers
Muratori, Umberto - 2023
Do local fiscal multipliers depend on what the government purchases? We find that government purchases of services have larger effects on employment than spending on goods. Industries producing services are more labor-intensive than industries producing goods. This heterogeneity in labor...
Persistent link: https://www.econbiz.de/10015059636
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The Economic Performance Index (EPI): an Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective
Khramov, Vadim; Lee, John Ridings - International Monetary Fund (IMF) - 2013
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
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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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How Does Employment Protection Legislation Affect Unemployment in Tunisia? a Search Equilibrium Approach
Fanizza, Domenico; Koranchelian, Taline - International Monetary Fund (IMF) - 2005
restrictions affects the outcome of the matching process and the natural rate of unemployment in Tunisia. The paper concludes that … the removal of firing restrictions is likely to produce a favorable but limited impact on unemployment in Tunisia. …
Persistent link: https://www.econbiz.de/10005264000
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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