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Medium-Term Fiscal Multipliers during Protracted Recessions

Dell'Erba, Salvatore; Poplawski-Ribeiro, Marcos; … - International Monetary Fund (IMF) - 2014

The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment … unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal …

Persistent link: https://www.econbiz.de/10011142040

Fostering Growth in Europe Now

Barkbu, Bergljot; Rahman, Jesmin; Valdés, Rodrigo O. - International Monetary Fund (IMF) - 2012

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10010790482

Belgium; Selected Issues

International Monetary Fund (IMF); International … - 2004

Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...

Persistent link: https://www.econbiz.de/10005768647

Labor and Product Market Deregulation; Partial, Sequential, or Simultaneous Reform?

Berger, Helge; Danninger, Stephan - International Monetary Fund (IMF) - 2005

This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction...

Persistent link: https://www.econbiz.de/10005769319

Do Active Labor Market Policies Increase Employment?

Estevão, Marcello M. - International Monetary Fund (IMF) - 2003

by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

Persistent link: https://www.econbiz.de/10005604960

Colombia; Selected Issues

International Monetary Fund (IMF); International … - 2005

. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …

Persistent link: https://www.econbiz.de/10005824954

Portugal; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount...

Persistent link: https://www.econbiz.de/10005825549

Danish for All? Balancing Flexibility with Security; The Flexicurity Model

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2007

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

Persistent link: https://www.econbiz.de/10005825613

Reforming Employment Protection Legislation in France

Zhou, Jian-Ping - International Monetary Fund (IMF) - 2006

EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

Persistent link: https://www.econbiz.de/10005825839

Wage Compression, Employment Restrictions and Unemployment; The Case of Mauritius

International Monetary Fund (IMF); International … - 2004

relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …

Persistent link: https://www.econbiz.de/10005826536