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Bolivia; Selected Issues
International Monetary Fund (IMF); International … - 2010
This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign...
Persistent link: https://www.econbiz.de/10011245323
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After the Crisis; Lower Consumption Growth But Narrower Global Imbalances?
Ohnsorge, Franziska; Mody, Ashoka - International Monetary Fund (IMF) - 2010
We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …
Persistent link: https://www.econbiz.de/10008561067
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Growth Following Investment and Consumption-Driven Current Account Crises
Klemm, Alexander - International Monetary Fund (IMF) - 2013
surpluses without a fall in consumption, capital inflows should be used to increase future output. This paper tentatively finds … following consumption booms. It also shows that many recent large current account deficits have been predominantly the result of … consumption or non-productive investment booms. …
Persistent link: https://www.econbiz.de/10010790435
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Consumption inequality in France between 1995 and 2011
Chevalier, Charles-Marie - 2018
Persistent link: https://www.econbiz.de/10012099729
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The role of corporate saving over the business cycle : shock absorber or amplifier?
Gao, Xiaodan; Xu, Shaofeng - 2018
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles. In...
Persistent link: https://www.econbiz.de/10011946440
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Microfinance in Africa; Experience and Lessons From Selected African Countries
Blavy, Rodolphe; Basu, Anupam; Yülek, Murat  - International Monetary Fund (IMF) - 2004
Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the...
Persistent link: https://www.econbiz.de/10005263661
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The Savings Trap and Economic Take-Off
Ghosh, Atish R.; Asilis, Carlos M. - International Monetary Fund (IMF) - 1992
We develop an overlapping generations model of a developing economy in which ‘culture’ and technology interact to determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each period, result in either of two stable equilibria for...
Persistent link: https://www.econbiz.de/10005263787
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Growth, Productivity, and the Rate of Returnon Capital
Chadha, Bankim; Adams, Charles - International Monetary Fund (IMF) - 1992
This paper examines the ability of alternative classes of growth models to explain the historical experience of the U.S. economy. The potential returns to the U.S. from raising its investment rate in terms of both the level and growth rate of future output are then quantified. The long-run...
Persistent link: https://www.econbiz.de/10005263880
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Mortgage Market Development, Savings, and Growth
Li, Xiaowei - International Monetary Fund (IMF) - 2001
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings. Employing a six-period overlapping generations model with endogenous growth and a method of simulation calibrated on the Middle East, this paper demonstrates that the above...
Persistent link: https://www.econbiz.de/10005263983
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Perspectiveson Low Global Interest Rates
Catão, Luis; Mackenzie, G. A. - International Monetary Fund (IMF) - 2006
This paper looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend. We show that current levels of real interest rates on long-term bonds in advanced economies are not low by...
Persistent link: https://www.econbiz.de/10005264143