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Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine
Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10011242306
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Why Are Japanese Wages so Sluggish?
Sommer, Martin - International Monetary Fund (IMF) - 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …
Persistent link: https://www.econbiz.de/10004999951
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Regional Wage Differentiation and Wage Bargaining Systems in the EU
Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008
productivity and unemployment differentials. …
Persistent link: https://www.econbiz.de/10005264211
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Economic Stabilization and Growth in Portugal
Schmitt, Hans O. - International Monetary Fund (IMF) - 1981
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
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The Inflation-Unemployment Trade-Off At Low Inflation
Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2009
policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …
Persistent link: https://www.econbiz.de/10005825999
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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
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Adjustment Under a Currency Peg; Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09
Purfield, Catriona; Rosenberg, Christoph B. - International Monetary Fund (IMF) - 2010
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10008671289
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Wage Centralization, Union Bargaining, and Macroeconomic Performance
McHugh, James - International Monetary Fund (IMF) - 2002
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that...
Persistent link: https://www.econbiz.de/10005768999
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Hong Kong SAR; Meeting the Challenges of Integration with the Mainland
Lee, William; Chan-Lau, Jorge A.; Iakova, Dora M.; Papa … - International Monetary Fund (IMF) - 2004
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857