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Crises, Labor Market Policy, and Unemployment
Furceri, Davide - 2012
impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a …
Persistent link: https://www.econbiz.de/10014396963
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Labor market reform options to boost employment in South Africa
Duval, Romain; Ji, Yi; Shibata, Ippei - 2021
Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
Persistent link: https://www.econbiz.de/10012612327
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Stopping High Inflation : An Analytical Overview
Végh Gramont, Carlos A. - 1991
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395960
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Modern Hyper- and High Inflations
Fischer, Stanley - 2002
Since 1947, hyperinflations (by Cagan’s definition) in market economies have been rare. Much more common have been longer inflationary processes with inflation rates above 100 percent per annum. Based on a sample of 133 countries, and using the 100 percent threshold as the basis for a...
Persistent link: https://www.econbiz.de/10014399546
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Why Do Many Disinflations Fail? : The Importance of Luck, Timing, and Political Institutions
Hamann, A. Javier - 2002
Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of stabilization from inflation levels above 40 percent, we show that most of the failures are explained by bad luck, unfavorable initial conditions, and inadequate political institutions. The evolution of...
Persistent link: https://www.econbiz.de/10014399719
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Does Inflation Targeting Matter?
Sheridan, Niamh - 2003
This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along...
Persistent link: https://www.econbiz.de/10014400142
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Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization
Celasun, Oya - 2003
Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic activity and sustained real exchange rate appreciation. A class of models in the literature has explained these empirical regularities with the lack of credibility of the...
Persistent link: https://www.econbiz.de/10014403874
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Incorporating Financial Stability in Inflation Targeting Frameworks
Aydin, Burcu - 2011
The global financial crisis has exposed the limitations of a conventional inflation targeting (IT) framework in insulating an economy from shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Accordingly, we investigate possible...
Persistent link: https://www.econbiz.de/10014398317
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Issues Concerning Nominal Anchors for Monetary Policy
Mussa, Michael - 1994
This paper presents a selective survey of issues relevant to the choice of nominal anchors for monetary policy. Section I reviews long price-level histories for the United Kingdom and United States, which reveal that the price level behaved very differently following WWII in these countries than...
Persistent link: https://www.econbiz.de/10014398348
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Inclusivity in the labor market
ElGanainy, Asmaa Adel; Ernst, Ekkehard; Merola, Rossana; … - 2021
Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity...
Persistent link: https://www.econbiz.de/10012613377