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The Flexible System of Global Models – FSGM
Andrle, Michal; Blagrave, Patrick; Espaillat, Pedro; … - International Monetary Fund (IMF) - 2015
The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...
Persistent link: https://www.econbiz.de/10011242191
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Energy, the Exchange Rate, and the Economy; Macroeconomic Benefits of Canada'S Oil Sands Production
Bayoumi, Tamim; Mühleisen, Martin - International Monetary Fund (IMF) - 2006
further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that …
Persistent link: https://www.econbiz.de/10005599560
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Modeling Macro-Critical Energy Sectors in Low-Income Countries; A General Framework and An Application to Côte D'Ivoire
Fabig, Holger - International Monetary Fund (IMF) - 2008
This paper proposes a general framework for monitoring macro-critical energy sectors in low-income countries, defined as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It aims to derive consistent information on physical and...
Persistent link: https://www.econbiz.de/10005604798
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Issues in Domestic Petroleum Pricing in Oil-Producing Countries
Gupta, Sanjeev; Clements, Benedict J.; Fletcher, Kevin; … - International Monetary Fund (IMF) - 2002
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...
Persistent link: https://www.econbiz.de/10005604969
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Issues in Global Natural Gas; A Primer and Analysis
Okogu, Bright Erakpoweri - International Monetary Fund (IMF) - 2002
the gas price and the opaque nature of gas contracts. A proposal for rationalizing the trade to ease these constraints is …
Persistent link: https://www.econbiz.de/10005605175
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An Oil and Gas Model
Krichene, Noureddine - International Monetary Fund (IMF) - 2007
This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price-...
Persistent link: https://www.econbiz.de/10005248317
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Regional Convergence and the Role of Federal Transfers in Canada
Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003
Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...
Persistent link: https://www.econbiz.de/10005264150
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Measuring Oil-Price Shocks Using Market-Based Information
Wu, Tao; Cavallo, Michele - International Monetary Fund (IMF) - 2012
We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability...
Persistent link: https://www.econbiz.de/10009650637
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Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia
Duval, Romain A; Cheng, Kevin C.; Oh, Kum Hwa; Saraf, Richa - International Monetary Fund (IMF) - 2014
This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …
Persistent link: https://www.econbiz.de/10011142047
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Safe-Haven Korea? - Spillover Effects from UMPs
Ree, Jack; Choi, Seoeun - International Monetary Fund (IMF) - 2014
We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …
Persistent link: https://www.econbiz.de/10011142093