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Workers’ Remittances; An Overlooked Channel of International Business Cycle Transmission?
Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - International Monetary Fund (IMF) - 2012
analysis suggests that measures of openness and spillovers could be enhanced by accounting for the role of the remittances …
Persistent link: https://www.econbiz.de/10011242272
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Regionalization vs. Globalization
Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - International Monetary Fund (IMF) - 2013
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...
Persistent link: https://www.econbiz.de/10011142006
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Potential Output and Output Gap in Central America, Panama and Dominican Republic
Johnson, Christian A - International Monetary Fund (IMF) - 2013
Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries...
Persistent link: https://www.econbiz.de/10010790335
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Output Gap Uncertainty and Real-Time Monetary Policy
Grigoli, Francesco; Herman, Alexander; Swiston, Andrew; … - International Monetary Fund (IMF) - 2015
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
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Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … to major sources of labor market determinants, in the long and short run. The main determinants of employment include …
Persistent link: https://www.econbiz.de/10010800970
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Hysteresis in Unemployment and Jobless Recoveries
Plotnikov, Dmitry - International Monetary Fund (IMF) - 2014
(1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …
Persistent link: https://www.econbiz.de/10010790439
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Where have all the workers gone? Why are more people leaving the labor force, and what are they doing?
Romero, Jessie - In: Econ Focus (2012) 2Q/3Q, pp. 12-16
Related links: http://www.richmondfed.org/publications/research/region_focus/2012/q2-3/cover_weblinks.cfm>
Persistent link: https://www.econbiz.de/10010722928
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Macroprudential Policies and Housing Price; A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe
Vandenbussche, Jerome; Vogel, Ursula; Detragiache, Enrica - International Monetary Fund (IMF) - 2012
Several countries in Central, Eastern and Southeastern Europe used a rich set of prudential instruments in response to last decade’s credit and housing boom and bust cycles. We collect detailed information on these policy measures in a comprehensive database covering 16 countries at a...
Persistent link: https://www.econbiz.de/10011242198
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Quarterly GDP Revisions in G-20 Countries; Evidence from the 2008 Financial Crisis
Shrestha, Manik L.; Marini, Marco - International Monetary Fund (IMF) - 2013
This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008...
Persistent link: https://www.econbiz.de/10011242250
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United Kingdom: Selected Issues
International Monetary Fund (IMF); International … - 2014
Persistent link: https://www.econbiz.de/10011242526