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Should Korea worry about a permanently weak yen?

Ree, Joo Kyung; Hong, Gee Hee; Choi, Seoeun - 2015

Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is here to stay? We explore this question by examining...

Persistent link: https://www.econbiz.de/10011447113

European productivity, innovation and competitiveness : the case of Italy

Tiffin, Andrew - 2014

Persistent link: https://www.econbiz.de/10010388663

What fuels the boom drives the bust : regulation and the mortgage crisis

Dagher, Jihad C.; Fu, Ning - 2011

Persistent link: https://www.econbiz.de/10009422425

Exchange Rate Fluctuations, Pass-Through, and Market Share

International Monetary Fund - 1989

When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...

Persistent link: https://www.econbiz.de/10014396230

What Fuels the Boom Drives the Bust : Regulation and the Mortgage Crisis

Dagher, Jihad - 2011

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom-bust housing cycle. Using comprehensive data on mortgage originations, which we aggregate at the county level, we first establish that the market share of these independent non-bank...

Persistent link: https://www.econbiz.de/10014398313

How to gain the most from structural conditionality of IMF-supported programs

Andritzky, Jochen; Munkacsi, Zsuzsa; Wang, Ke - 2021

Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...

Persistent link: https://www.econbiz.de/10012613388

The EU services directive : gains from further liberalization

Fernández Corugedo, Emilio; Pérez Ruiz, Esther - 2014

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...

Persistent link: https://www.econbiz.de/10012667444

Employment protection deregulation and labor shares in advanced economies

Ciminelli, Gabriele; Duval, Romain; Furceri, Davide - 2018

Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly … grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …

Persistent link: https://www.econbiz.de/10011905906

The macroeconomic effects of labor and product market reforms in Morocco

Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...

Persistent link: https://www.econbiz.de/10012122485

Job protection deregulation in good and bad times

Duval, Romain; Furceri, Davide; Jalles, João Tovar - 2017

the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …

Persistent link: https://www.econbiz.de/10011763890

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