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Estimating Potential Output with a Multivariate Filter

International Monetary Fund - 2010

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United States and the euro area. While there is a substantial amount of uncertainty around our estimates,...

Persistent link: https://www.econbiz.de/10014403161

On Fixed and Variable Fiscal Surplus Rules

International Monetary Fund - 2004

Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...

Persistent link: https://www.econbiz.de/10014404172

On the Estimation of Term Structure Models and An Application to the United States

International Monetary Fund (IMF); International … - 2010

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term …

Persistent link: https://www.econbiz.de/10008727797

MULTIMOD : A Multi-Region Econometric Model

International Monetary Fund - 1988

World Economic Outlook, consists of aggregate demand and supply relationships, with endogenous determination of interest …

Persistent link: https://www.econbiz.de/10014395761

Exchange Rate Volatility and Trade Flows : Some New Evidence

International Monetary Fund - 2004

Persistent link: https://www.econbiz.de/10014409758

The Dynamics of Money Demand and Prices

International Monetary Fund - 1990

. Nevertheless, changes in M2 do contain information about future inflation, consistent with the view that the demand for money …

Persistent link: https://www.econbiz.de/10014395786

Export Pricing Behavior of Manufactuting : U.S.-Japan Comparison

International Monetary Fund - 1988

Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than American exporters, who tend to price to domestic...

Persistent link: https://www.econbiz.de/10014395791

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 … presented. For M1, the results support an “error correction” model. However, the demand function for M1 may still be subject to … shifts due to the continuing process of financial reform and innovation. The demand function for M1A resulting from the …

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

Corruption and Military Spending

International Monetary Fund - 2000

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...

Persistent link: https://www.econbiz.de/10014399916