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The discussion in this paper of the causes and consequences of recent oil price increases, and the appropriate policy response, is framed by the volatility and uncertainty that characterize the oil market. Volatile prices arise from supply and demand that are both highly inelastic in the short...
Persistent link: https://www.econbiz.de/10014410102
A short-run macroeconomic model is estimated for Venezuela, in order to examine the hypothesis that the availability of oil resources may entail a confidence effect—on perceived future incomes—that influences the expenditure and portfolio behavior of economic agents. Such confidence effect...
Persistent link: https://www.econbiz.de/10014396215
This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to...
Persistent link: https://www.econbiz.de/10014396481
France’s economic short-term outlook is positive, and long-term prospects have improved. Fiscal adjustment remains high …
Persistent link: https://www.econbiz.de/10014404839
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014405136
product markets in France and the other EU countries is discussed, including the size of markups. The paper also looks into …
Persistent link: https://www.econbiz.de/10014405771
The Detailed Assessments of the Observance of Standards and Codes on France reviews compliance with Basel Core …. France fulfills all prerequisites for effective payment clearing and settlement systems. Capital markets are large and …
Persistent link: https://www.econbiz.de/10014405966
These Technical Notes on France explain integration of global financial markets. The stress tests for the France … constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in … France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models …
Persistent link: https://www.econbiz.de/10014405967
French government. France has a large and sophisticated financial system, which accounts for 10 percent of the global banking …
Persistent link: https://www.econbiz.de/10014406033
This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobb–Douglas production technology and total factor productivity. The...
Persistent link: https://www.econbiz.de/10014406168