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Growth Strategies, Employment, and Income Distribution in Brazil : An Input-Output Assessment

Clements, Benedict J. - 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/10014395976

Fiscal Foresight and Information Flows

Walker, Todd B. - 2012

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...

Persistent link: https://www.econbiz.de/10014396510

Fiscal foresight and information flows

Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2012

Persistent link: https://www.econbiz.de/10009618558

Financial frictions in data : evidence and impact

Taheri Sanjani, Marzie - 2014

Persistent link: https://www.econbiz.de/10010479493

Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Bhattacharya, Rudrani - 2013

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...

Persistent link: https://www.econbiz.de/10014395178

Idiosyncratic shocks and aggregate fluctuations in an emerging market

Grigoli, Francesco; Luttini, Emiliano; Sandri, Damiano - 2021

This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate fluctuations in an emerging market using confidential data on the universe of Chilean firms. We find that idiosyncratic shocks account for more than 40 percent of the volatility of aggregate sales....

Persistent link: https://www.econbiz.de/10012795043

Long-Run Productivity Shifts and Cyclical Fluctuations : Evidence for Italy

Sgherri, Silvia - 2005

of standard Real Business Cycle models, a positive shock to the underlying rate of total factor productivity growth …

Persistent link: https://www.econbiz.de/10014401506

Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data?

Galí, Jordi - 2004

Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...

Persistent link: https://www.econbiz.de/10014403910

Normalization of global financial conditions : the implications for Brazil

Matheson, Troy - 2015

potential challenges for Brazil. The Fed's communications related to normalization have improved significantly since the taper … anticipated tightening of monetary policy in history. While Brazil could benefit from tighter global financial conditions … crucially important for Brazil. Adverse spillovers can be mitigated by strengthening policy frameworks and fundamentals …

Persistent link: https://www.econbiz.de/10011373934

Probabilistic Sustainability of Public Debt : A Vector Autoregression Approach for Brazil, Mexico, and Turkey

Tanner, Evan - 2006

This paper examines the sustainability of fiscal policy under uncertainty in three emerging market countries, Brazil …

Persistent link: https://www.econbiz.de/10014399791