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Imf Staff Papers Volume 54 No 2
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Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589066502 Total Pages :236 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 54, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 54, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-09-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes current-account deficits in the advanced economies. Other papers in this issue look at the relationship between international financial integration and the real economy. Other papers discuss whether (or not): i) the next capital account crisis can be predicted; ii) accepted definitions of debt crises are adequate; iii) the Doha Round of trade talks (if they are ever successfully completed) will lead to preference erosion; and finally iv) there is room for political opportunism in countries deciding between money-based or exchange-rate-based stabilization programs.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589066510 Total Pages :212 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 54, No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 54, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-05-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work absence in 18 European countries affects labor supply and demand. And a paper by Paolo Manasse (University of Bologna) entitled "Deficit Limits and Fiscal Rules for Dummies" examines fiscal frameworks.
Book Synopsis Imf Staff Papers 2007 by : International Monetary Fund
Download or read book Imf Staff Papers 2007 written by International Monetary Fund and published by . This book was released on 2007-09-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first issue of IMF Staff Papers published under a special partnership between the IMF and Palgrave Macmillan. Very little will change with regard to the journal's visual appearance, though significant service quality enhancements (e.g., an on-line interactive edition) will rollout before the end of 2007. For more information and regular updates, please access http://www.palgrave-journals.com/imfsp/index.html.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589069129 Total Pages :244 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 57, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 57, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-06-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589065178 Total Pages :166 pages Book Rating :4.0/5 (651 download)
Book Synopsis IMF Staff Papers, Volume 53, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 53, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2006-06-29 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Department take a close look at differences in IMF data; how and when they could occur; and what the implications of such differences might be for end-users of the IMF's data.
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 :1451947267 Total Pages :197 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 1993 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses how three countries in Europe—Austria, Turkey, and Finland—emerged from a prolonged inflation, restored viable economies, and resumed economic growth in the 1950s. It also attempts to draw some conclusions based on their experience as well as the experience of some other countries. In mid-1949 the Austrian Government requested assistance from the IMF in the formulation of measures that could lead the economy out of the accelerating price-wage spiral. The key issue was to find a policy mix which would lessen the burden on the budget but would help to maintain full employment. Representatives of industry agreed to the stabilization program only after they were persuaded that it was only through the program that industries could hope to maintain the prosperity that they had enjoyed in the early post-war years. They also realized that it was only thus that they could be freed of detailed government regulations which had become onerous.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1462303110 Total Pages :196 pages Book Rating :4.4/5 (623 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 1986-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: WILLIAM. white, who joined the International Monetary Fund in 1948, spent his entire professional life in the Research Department. Present and past staff members, many of whom benefited from his advice, have asked that his contribution-to the work of the Fund should receive recognition in Staff Papers. This appreciation draws on excerpts from written recollections of some of his colleagues.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451947453 Total Pages :340 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 1975-01-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper it is argued that in a system of widespread managed floating, as in a par value system with occasional floating, the problem of asymmetry of adjustment between the issuers of the principal intervention currencies and other countries and the problem of ensuring an effective international management of reserves remain to be solved. If the latter problem is less acute under a floating system, the former problem is potentially more acute than under par values. Although widespread floating would appear to offer no obstacle to the operation of a substitution account, its effect on the acceptability of asset settlement is debatable and it would add considerably to the difficulties of organizing multicurrency intervention. If politically acceptable, a system of guided intervention oriented to an established system of normal exchange rate zones would probably be superior to any other arrangement under floating for the purpose of promoting symmetry in adjustment, while permitting an adequate degree of exchange rate management and avoiding the anomaly of mutually offsetting intervention.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589067959 Total Pages :216 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 56, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 56, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-03 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth performance since the start of economic reforms in 1978 has been impressive, but the gains have not been distributed equally across provinces. We use a nonparametric approach to analyze the variation in labor productivity growth across China’s provinces. This approach imposes less structure on the data than the standard growth accounting framework and allows for a breakdown of labor productivity into efficiency gains, technological progress, and capital deepening. We have the following results. First, we find that on average capital deepening accounts for about 75 percent of total labor productivity growth, while efficiency and technological improvements account for about 7 and 18 percent, respectively. Second, technical change is not neutral. Third, whereas improvement in efficiency contributes to convergence in labor productivity between provinces, technical change contributes to productivity disparity across provinces. Finally, we find that foreign direct investment has a positive and significant effect on efficiency growth and technical progress.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589063235 Total Pages :224 pages Book Rating :4.0/5 (632 download)
Book Synopsis IMF Staff Papers, Volume 51, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 51, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-07-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451946880 Total Pages :215 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 1982-01-01 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the role of inflationary expectations from a theoretical and empirical point of view. Assume that an economy is growing at a steady pace and that the price level is not expected to change. For many individuals, the direct substitution of consumption goods for money becomes far more attractive than the substitution of financial assets for money. The coefficients for the lagged dependent variable are somewhat higher when the equations contain the interest rate than when they do not. The influences on the demand for money in the United States have not been very different from those in other countries, including the developing countries. This conclusion vitiates the rule of thumb, attributed to Modigliani and supported by Dornbusch and Fischer in their macroeconomic textbook, on how to decide whether the nominal interest rate or the expected rate of inflation should be included as determining the demand for money.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589069102 Total Pages :296 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 56, No. 4 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 56, No. 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-11-04 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451946864 Total Pages :253 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 1980-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the types of fiscal performance clauses incorporated in the 105 arrangements, bearing in mind the policy and practice to avoid performance clauses relating to specific fiscal measures, such as changes in particular forms of taxation and changes in specific elements of government expenditure. The most usual fiscal performance clause in the ten years to 1978 continued to be a sub ceiling on domestic bank credit to the government. A ceiling on credit expansion to this sector has proved to be a helpful technique for national authorities in obtaining political support for adequate fiscal policy actions and in retaining such support over time. A number of cases were noted where arrears in government payments were built up during the program period, sometimes in an effort to observe, technically, the relevant credit ceilings. It could be argued that such a practice, while not in the spirit of the agreement, forces a diversion of financial resources away from the private sector to the government.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451947135 Total Pages :256 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 1993-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the degree of wage indexation chosen by private agents and the degree of public debt indexation chosen by the government is examined. It is shown that the government is likely to increase public debt indexation in response to an increase in wage indexation. By contrast, higher public debt indexation has an ambiguous effect on wage indexation. In equilibrium, wage and public debt indexation may be positively or negatively related. This relationship is analyzed in situations where the policymakers can precommit to policies and in those they cannot.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451946872 Total Pages :209 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 1981-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper discusses the application of economic analysis and statistics to several questions of tax administration and legislation bearing on it. The principle of equalizing marginal administrative costs and marginal tax revenue is suggestive, but persuasive arguments can be made for spending more or less than it indicates. The marginal principle, nevertheless, is valuable as a guide for allocating a fixed appropriation that is too small to cover all remunerative activities. Human capital theory corroborates the productivity of staff training but implies that different financing arrangements may be appropriate for general and specialized training. Economic studies can help in establishing criteria for identifying cases for detailed examination or audit and in making administrative or alternative assessments where accounts are inadequate. A lump-sum, first-year depreciation allowance equal to the discounted value of normal allowances would have merit as a simple method of adjusting for inflation. Tax administrators and economists could benefit from acquaintance with the attitudes and methods of each other's discipline.
Book Synopsis IMF-Supported Programs by : Mr.Ashoka Mody
Download or read book IMF-Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
