Similar Search Results

International Monetary Fund - 1989

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...

Persistent link: https://www.econbiz.de/10014396181

Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?

International Monetary Fund - 2005

We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits...

Persistent link: https://www.econbiz.de/10014399872

Anticipation and Surprises in Central Bank Interest Rate Policy : The Case of the Bundesbank

International Monetary Fund - 1998

Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...

Persistent link: https://www.econbiz.de/10014400820

A Noteon Terms of Trade Shocks and the Wage Gap

International Monetary Fund - 2010

Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...

Persistent link: https://www.econbiz.de/10014403224

Interpreting Real Exchange Rate Movements in Transition Countries

International Monetary Fund - 2001

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …

Persistent link: https://www.econbiz.de/10014403602

Money Demand in the United States

International Monetary Fund - 1988

This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an “error...

Persistent link: https://www.econbiz.de/10014396094

Model of the U.S. Current Account

International Monetary Fund - 1988

This paper presents an econometric model of U.S. current account transactions. The model is used to analyze the factors behind the deterioration in the U.S. external position during the 1980s and to examine the sensitivity of the U.S. current account balance to changes in factors which are its...

Persistent link: https://www.econbiz.de/10014396470

Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy

International Monetary Fund - 2005

-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …

Persistent link: https://www.econbiz.de/10014400699

Sterilizing Capital inflows

International Monetary Fund - 1997

Developing countries fortunate enough to experience capital inflows haveseen rising levels of investment and enhanced economic growth. Capitalinflows have a negative side, however, in that they tend to appreciatethe domestic currency, making exports less competitive, and to encourageinflation....

Persistent link: https://www.econbiz.de/10014402762

External Adjustment and the Optimal Demand for International Reserves

International Monetary Fund - 1989

This paper provides a theoretical underpinning for the major determinants of optimal reserve demand in the case where fundamental disequilibrium constitutes a key element governing reserve management. Emphasis is given to the role of reserves to smooth the process of economic adjustment by...

Persistent link: https://www.econbiz.de/10014396133

1
2
3
4
5
6
7
8
9
10
Next
Last