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Thomas, Alun H. - 1994

The paper explains how a country can fall into a “low-skill, bad-job trap,” in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have...

Persistent link: https://www.econbiz.de/10014395889

Skill Heterogeneity and Aggregation Bias Over the Business Cycle

Prasad, Eswar - 1995

This paper extends the equilibrium business cycle framework to incorporate ex ante skill heterogeneity among workers. Consistent with the empirical evidence, skilled and unskilled workers in the model face the same degree of cyclical variation in real wages although unskilled workers are subject...

Persistent link: https://www.econbiz.de/10014397788

Fiscal Expectations Under the Stability and Growth Pact : Evidence From Survey Data

Poplawski-Ribeiro, Marcos - 2011

France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings … indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …

Persistent link: https://www.econbiz.de/10014412192

European Fiscal Harmonization and the French Economy

Perraudin, W. R. M. - 1990

This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...

Persistent link: https://www.econbiz.de/10014395833

Asymmetry in the ERM : A Case Study of French and German Interest Rates Since Basle-Nyborg

Perraudin, W. R. M. - 1992

We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...

Persistent link: https://www.econbiz.de/10014395835

ERM Money Supplies and the Transition to EMU

Masson, Paul R. - 1994

France and Germany separately. Second, the predictive power of the core-ERM aggregate relative to French and German inflation …

Persistent link: https://www.econbiz.de/10014398759

Knowledge spillovers from superstar tech-firms : the case of Nokia

Ali-Yrkkö, Jyrki; Chérif, Réda; Hasanov, Fuad; … - 2021

Do workers hired from superstar tech-firms contribute to better firm performance? To address this question, we analyze the effects of tacit knowledge spillovers from Nokia in the context of a quasi-natural experiment in Finland, the closure of Nokia's mobile device division in 2014 and the...

Persistent link: https://www.econbiz.de/10012796292

The spending challenge of achieving the SDGs in South Asia : lessons from India

García-Escribano, Mercedes; Tewodaj Mogues; Moszoro, … - 2021

South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong...

Persistent link: https://www.econbiz.de/10012794911

Debt, investment, and growth in developing countries with segmented labor markets

Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

Persistent link: https://www.econbiz.de/10012252029

Evaluating IMF training : what can we learn?

Edison, Hali J.; Milkov, Dimitre; Koima, Josephat - 2018

The IMF provides training to its membership in its core areas of expertise mainly through its Institute for Capacity Development (ICD) or formerly the IMF Institute (INS). This paper looks at the methods that ICD used to evaluate this activity and analyzes the data collected over the period...

Persistent link: https://www.econbiz.de/10011866536

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