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Canada-US manufacturing productivity gap. Since 1994, labour productivity growth in manufacturing in the United States has …-US labour productivity gap. The authors find that the growth in the gap largely reflects the acceleration of productivity growth … weaker productivity growth. It is estimated that these two factors themselves account for 70 per cent of the widening of the …
Persistent link: https://www.econbiz.de/10005518970
This selected issues paper on Indonesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on August 21, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011243208
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s...
Persistent link: https://www.econbiz.de/10011242434
productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10005248284
developing countries. The paper finds that the traded-nontraded productivity differential is a significant determinant of the …
Persistent link: https://www.econbiz.de/10005826100
growth suggests Balassa-Samuelson factors at play. However, after 1990, the tradable-nontradable labor productivity gap, the …
Persistent link: https://www.econbiz.de/10005826517
This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over...
Persistent link: https://www.econbiz.de/10008519477
This paper uses the IMF's Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two-year stimulus range from 0.2 to 2.2 depending on the fiscal instrument, the extent of monetary...
Persistent link: https://www.econbiz.de/10008497609
Junk-food consumption, health and productivity are analyzed within an expectedlifetime- utility-maximizing framework in … which the probability of living and productivity rise with health and health deteriorate with the consumption of junkfood … physiologically optimal and renders the levels of health and productivity lower than the maximal. Taxing junk-food can eliminate this …
Persistent link: https://www.econbiz.de/10005515438
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497