IMF Staff papers, Volume 37 No. 2 PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download IMF Staff papers, Volume 37 No. 2 PDF full book. Access full book title IMF Staff papers, Volume 37 No. 2 by International Monetary Fund. Research Dept.. Download full books in PDF and EPUB format.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451947062
Category : Business & Economics
Languages : en
Pages : 263
Get Book Here
Book Description
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: 1451947062
Category : Business & Economics
Languages : en
Pages : 263
Get Book Here
Book Description
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: 1451973063
Category : Business & Economics
Languages : en
Pages : 292
Get Book Here
Book Description
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: 145195686X
Category : Business & Economics
Languages : en
Pages : 204
Get Book Here
Book Description
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: 9781589065178
Category : Business & Economics
Languages : en
Pages : 166
Get Book Here
Book Description
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: 1451974256
Category : Business & Economics
Languages : en
Pages : 208
Get Book Here
Book Description
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: 1451946953
Category : Business & Economics
Languages : en
Pages : 196
Get Book Here
Book Description
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
Publisher:
ISBN: 9781451949704
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589069129
Category : Business & Economics
Languages : en
Pages : 244
Get Book Here
Book Description
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: Mr.Robert P. Flood
Publisher: International Monetary Fund
ISBN: 9781589061194
Category : Business & Economics
Languages : en
Pages : 122
Get Book Here
Book Description
This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The paper analyzes the behavior of real commodity prices over the 1862–1999 progress. It also examines whether average stocks of health and education are converging across countries, and calculates the speed of their convergence using data from 84 countries for 1970–90.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 145197423X
Category : Business & Economics
Languages : en
Pages : 128
Get Book Here
Book Description
This paper analyzes portfolio diversification, leverage, and financial contagion. It studies the extent to which basic principles of portfolio diversification explain “contagious selling” of financial assets when there are purely local shocks. The paper demonstrates that the elementary portfolio theory offers key insights into “contagion.” Most important, portfolio diversification and leverage are sufficient to explain why an investor will find it optimal to significantly reduce all risky asset positions when an adverse shock impacts just one asset.
