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Imf Staff Papers Volume 37 No 1
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Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :145195686X Total Pages :204 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 37 No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 37 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines factors affecting saving, policy tools, and tax reform. The literature on factors affecting saving and capital formation in industrialized countries is reviewed, and measurement problems are examined. The effect on the saving rate of real rates of return, income redistribution, allocation of saving between corporations and individuals, growth of public and private pension plans, tax incentives, the bequest motive, energy prices, and inflation is considered. The limited tools available to policymakers to affect savings are discussed.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451973063 Total Pages :292 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 37 No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 37 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF’s multiregion econometric model (MULTIMOD). The study highlights that an older population will consume more of aggregate disposable income, require higher government expenditure, and decrease labor supply. These effects should raise real interest rates and lower capital stock and output. Effects on current balances will depend on the relative speed and extent of aging.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451947062 Total Pages :263 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 37 No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 37 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with programs during 1973–88. The empirical analysis indicates that in the short term, programs have led to an improvement in the current account and the balance of payments, a lowering of inflation, and a decline in growth. In the longer term, the positive effects of programs on the external balance and inflation are strengthened, and the adverse growth effects reduced.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :145193078X Total Pages :180 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful indicators to assess the adequacy of interest rates and discusses factors that contribute to a smooth liberalization process. The main conclusion is that interest rate liberalization is not synonymous with laissez-faire policies, but requires the replacement of the administratively set interest rates by indirect monetary management techniques that operate through the market.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589063228 Total Pages :206 pages Book Rating :4.0/5 (632 download)
Book Synopsis IMF Staff Papers, Volume 51, No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 51, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-04-20 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new featured section, "Data Issues," which will be devoted in future issues to on-going discussions of the latest in econometric and statistical tools for economists, data puzzles, and other related topics of interest to researchers.
Book Synopsis IMF Staff Papers, Volume 49, No. 1 by : Mr.Robert P. Flood
Download or read book IMF Staff Papers, Volume 49, No. 1 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2002-04-18 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents details of a symposium on forecasting performance I organized under the auspices of the IMF Staff Papers. The assumption that the forecaster's goal is to do as well as possible in predicting the actual outcome is sometimes questionable. ln the context of private sector forecasts, this is because the incentives for forecasters may induce them to herd rather than to reveal their true forecasts. Public sector forecasts may also be distorted, although for different reasons. Forecasts associated with IMF programs, for example, are often the result of negotiations between the IMF staff and the country authorities and are perhaps more accurately viewed as goals, or targets, rather than pure forecasts. The standard theory of time series forecasting involves a variety of components including the choice of an information set, the choice of a cost function, and the evaluation of forecasts in terms of the average costs of the forecast errors. It is generally acknowledged that by including more relevant information in the information set, one should be able to produce better forecasts.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451957092 Total Pages :268 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 43 No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 43 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term “peace dividend”—in the form of higher capacity output—may result from markedly lower military expenditure levels achieved in most regions during the late 1980s, and the further military spending cuts that would be possible if global peace could be secured.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451956940 Total Pages :220 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 39 No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 39 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1992-01-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and “news,” and international parity conditions is also reviewed.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451974256 Total Pages :208 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff Papers, Volume 48, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 48, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2001-12-12 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the link between product variety and economic growth. It finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The paper presents an empirical study for South Africa, which indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-term relationship among domestic prices, foreign prices, and the nominal exchange rate.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589061224 Total Pages :260 pages Book Rating :4.0/5 (612 download)
Book Synopsis IMF Staff Papers, Volume 49, No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451957033 Total Pages :181 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 41 No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 41 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1994-01-01 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines effects of economic growth and speed of adjustment on openness, human development, and fiscal policies. The model developed in this paper postulates that learning through experience raises labor productivity with three major consequences. First, the steady-state growth rate of output becomes endogenous and is influenced by government policies. Second, the speed of adjustment to steady-state growth increases and enhanced learning further reduces adjustment time. Third, both steady-state growth and the optimal net rate of return to capital are higher than the sum of the exogenous rates of technical change and population growth.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589069110 Total Pages :288 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 57, No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 57, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-03-26 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at how the debt-growth relation varies with indebtedness levels, as well as with the quality of policies and institutions, in a panel of developing countries. The main findings are that, in countries with good policies and institutions, there is evidence of debt overhang when the net present value of debt rises above 20–25 percent of GDP; however, debt becomes irrelevant above 70–80 percent. In countries with bad policies and institutions, thresholds appear to be lower, but the evidence of debt overhang is weaker and we cannot rule out that debt is always irrelevant. Indeed, in such countries, as well as in countries with high indebtedness levels, investment does not depend on debt levels. The analysis suggests that not all countries are likely to profit from debt relief, and thus that a one-size-fits-all debt relief approach might not be the most appropriate one.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589067940 Total Pages :248 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 56, No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 56, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, Dani Rodrik, and Frederic S. Mishkin.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :145195624X Total Pages :193 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to ‘act as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.” The authors of the papers in this issue have received considerable assistance from their colleagues on the staff of the Fund. This general statement of indebtedness may be accepted in place of a detailed list of acknowledgments. Subscription: US$6.00 a volume or the approximate equivalent in the currencies of most countries. Three numbers constitute a volume. Single copies may be purchased at $2.50. Special rate to university libraries, faculty members, and students: $3.00 a volume; $1.00 a single copy. Subscriptions and orders should be sent to: THE SECRETARY International Monetary Fund 19th and H Streets, N.W. Washington, D. C. 20431
Author :International Monetary Fund. Research Dept. Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781463915476 Total Pages :194 pages Book Rating :4.9/5 (154 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 1987-01-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451959990 Total Pages :184 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff Papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1950-01-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights various problems and policies related to latent inflation. Disappointment will undoubtedly be widespread if, after 10 years of inflation control, latent inflation is permitted to become active and there is a considerable rise in prices. It is not unlikely that some governments will feel they simply cannot accept such a policy. However, the prospect of wiping out or working off latent inflation in any moderate period is very slight. There is every reason to deal with the latent inflation as far as possible by absorbing it through taxation and by measures to reduce liquidity. At the same time, with increased output it should be possible to work off part of the latent inflation. Even if it becomes generally recognized that all or most of such inflation cannot be wiped out or worked off, its immediate activation may be unwise. At some stage soon, governments must face the difficulties presented by latent inflation and recognize that a comprehensive program for dealing with it must be put into effect. Unless such programs are adopted, there can be no great confidence that international payments problems can be solved simply by imposing more rigorous and more extensive controls.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451956223 Total Pages :211 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1987 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: An earlier version of this paper was presented to a conference on the topic “Is the Business Cycle Obsolete?” organized by the Social Science Research Council and held in London, England, on April 3–7, 1967.
