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Fund, International Monetary - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10012677518

IMF Working Papers : How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?

Fund, International Monetary - 2008

Contents -- I. INTRODUCTION -- II. HOW GLOBALIZED IS LABOR? -- III. HOW HAS THE GLOBALIZATION OF LABOR AFFECTED WORKERS … IN ADVANCED ECONOMIES -- IV. LABOR SHARE AND THE GLOBALIZATION OF LABOR: AN EMPIRICAL EXAMINATION -- V. THE STORY BEHIND … THE DECLINE OF THE LABOR SHARE -- VI. LABOR COMPENSATION PER WORKER, EMPLOYMENT, AND LABOR GLOBALIZATION: WHAT CAN WE SAY …

Persistent link: https://www.econbiz.de/10012682150

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis

Fund, International Monetary - 2009

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...

Persistent link: https://www.econbiz.de/10012677874

Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries

Fund, International Monetary - 2009

This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing...

Persistent link: https://www.econbiz.de/10012677789

Adding Latin America to the Global Projection Model

Fund, International Monetary - 2009

This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...

Persistent link: https://www.econbiz.de/10012677769

Inflation Responses to Commodity Price Shocks - How and Why Do Countries Differ?

Fund, International Monetary - 2012

This paper relates the inflationary impact of commodity price shocks across countries to a broad range of structural characteristics and policy frameworks over the period 2001-2010, using several approaches. The analysis suggests that economies with higher food shares in CPI baskets, fuel...

Persistent link: https://www.econbiz.de/10012677548

Analyzing Fiscal Space Using the MAMS Model

Fund, International Monetary - 2009

within the World Bank's MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the …

Persistent link: https://www.econbiz.de/10012677888