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Common and Idiosyncratic Components in Real Output; Further International Evidence
Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2002
This paper uses the classical (level) definition of business cycles to analyze the characteristics-duration, amplitude, steepness, and cumulative output movements-of the real GDP series of France, Germany, Italy, the rest of the euro area, and the United States. An index of concordance and its...
Persistent link: https://www.econbiz.de/10005263734
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Who is Still Haunted by the Specter of Communism? Explaining Relative Output Contractions Under Transition
Elborgh-Woytek, Katrin; Berengaut, Julian - International Monetary Fund (IMF) - 2005
The paper analyzes the initial output decline in transition economies by estimating a crosssection model stressing two major factors-conflicts and the legacies of the Soviet period. We link the Soviet legacies in place at the outset of the transition to the subsequent path for the development of...
Persistent link: https://www.econbiz.de/10005769029
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What Causes Firms to Hide Output? the Determinants of Informality
Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005
In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...
Persistent link: https://www.econbiz.de/10005769293
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Gdp Growth, Potential Output, and Output Gaps in Mexico
Faal, Ebrima - International Monetary Fund (IMF) - 2005
This paper analyzes the sources of Mexico's economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed. Looking ahead, the paper presents...
Persistent link: https://www.econbiz.de/10005604901
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Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the … knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests … there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second …
Persistent link: https://www.econbiz.de/10005605296
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Alternative Methods of Estimating Potential Output and the Output Gap; An Application to Sweden
Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000
This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainable noninflationary growth and to allow an assessment of the stance of...
Persistent link: https://www.econbiz.de/10005605416
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El concepto de probabilidad en la obra de Lord Keynes
Landro, Alberto - In: Ensayos económicos 71 (2014), pp. 95-114
Persistent link: https://www.econbiz.de/10011509117
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India; Selected Issues
International Monetary Fund (IMF); International … - 2009
Despite the external origin of the financial crisis, the potential impact on India’s corporate sector could be large, as India has become increasingly integrated with the global economy in the past decade. The Selected Issues paper discusses India’s economic development and...
Persistent link: https://www.econbiz.de/10011244625
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PPP Strikes Back; Aggregation and the Real Exchange Rate
Mumtaz, Haroon; Imbs, Jean; Ravn, Morten O.; Rey, Helene - International Monetary Fund (IMF) - 2003
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time-series and panel methods substantially exaggerate the persistence of real exchange rates because of heterogeneity in the dynamics of disaggregated relative prices. When...
Persistent link: https://www.econbiz.de/10005248142
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Target Zones and Forward Rates in a Model with Repeated Realignments
Bodnar, Gordon M.; Bartolini, Leonardo - International Monetary Fund (IMF) - 1992
This paper studies the implications of the imperfect credibility of an exchange rate target zone on the term structure of forward premia. The relationship between spot and forward exchange rates of different maturities reflects the possibility of repeated realignments of the exchange rate band....
Persistent link: https://www.econbiz.de/10005248258