Showing 1 - 10 of 232
chapter discusses both exogenous and endogenous factors behind the disappointing productivity growth in the Netherlands and …Although GDP growth in the Netherlands has recently been stronger than in peer countries, the main contributor has been … the growth in labor. If GDP is divided by labor, productivity growth appears to have been slower than in peers. This …
Persistent link: https://www.econbiz.de/10012300638
Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively …Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the …
Persistent link: https://www.econbiz.de/10012170132
The paper describes a global model consisting of several industrial and developing country blocks built to analyze alternative economic policies in a medium-term context. The model, which has been used to construct medium-term scenarios for the World Economic Outlook, consists of aggregate...
Persistent link: https://www.econbiz.de/10014395761
Persistent link: https://www.econbiz.de/10011281619
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572
The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term...
Persistent link: https://www.econbiz.de/10012613662
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...
Persistent link: https://www.econbiz.de/10012667406
National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is the cornerstone for the new forward-looking framework, which mobilizes and organizes resources and sets processes for...
Persistent link: https://www.econbiz.de/10012487178
Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify...
Persistent link: https://www.econbiz.de/10012299311