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A Tradeoff between the Output and Current Account Effects of Pension Reform

Catalan, Mario; Magud, Nicolas E. - International Monetary Fund (IMF) - 2012

We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...

Persistent link: https://www.econbiz.de/10010790246

What Is in Your Output Gap? Unified Framework & Decomposition into Observables

Andrle, Michal - International Monetary Fund (IMF) - 2013

This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart...

Persistent link: https://www.econbiz.de/10010790260

Potential Output and Output Gap in Central America, Panama and Dominican Republic

Johnson, Christian A - International Monetary Fund (IMF) - 2013

unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this …

Persistent link: https://www.econbiz.de/10010790335

Aggregate Stability and Balanced-Budget Rules

Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …

Persistent link: https://www.econbiz.de/10010790380

Income Distribution Consensus and Macroeconomic Stability in a New Keynesian Framework

De Villé, Philippe; Germain, Marc - Institut de Recherche Économique et Sociale (IRES), … - 1992

because of the sequential structure of wage ; price and production decisions. The model has also very strong traditional …

Persistent link: https://www.econbiz.de/10004984952

An International Study of Persistence in Output: Parametric Estimates Using the Data Dependent Systems Approach.

Raj, B. - Department of Economics, School of Business and Economics - 1991

Persistent link: https://www.econbiz.de/10004990289

Remittances; An Automatic Output Stabilizer?

Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009

Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...

Persistent link: https://www.econbiz.de/10004999978

Experimental Asset Markets: A Survey.

Sunder, S. - Carnegie Mellon University, Tepper School of Business - 1992

Persistent link: https://www.econbiz.de/10005102278

The Stability of Capacitated, Multi-Echelon Production-Inventoty System Under a Base-Stock Policy.

Glassrman, P.; Tayur, S. - Carnegie Mellon University, Tepper School of Business - 1992

Persistent link: https://www.econbiz.de/10005073562

Combined Production and Ordering With Demand and Supply Uncertainty Part Two. Dynamic Multi Period Models.

Bassok, Y.; Akella, R. - Carnegie Mellon University, Tepper School of Business - 1992

Persistent link: https://www.econbiz.de/10005073582