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Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness

Imam, Patrick A. - International Monetary Fund (IMF) - 2013

Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another...

Persistent link: https://www.econbiz.de/10011242214

Can Women Save Japan?

Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2012

Japan's potential growth rate is steadily falling with the aging of its population. This paper explores the extent to …

Persistent link: https://www.econbiz.de/10011142154

The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets

Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007

/accountability; and enhanced private savings and financial intermediation. There is some evidence that, above a ratio of 35% percent of …

Persistent link: https://www.econbiz.de/10005768875

Population Aging in Japan; Demographic Shock and Fiscal Sustainability

Mühleisen, Martin; Faruqee, Hamid - International Monetary Fund (IMF) - 2001

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan … implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis … framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving …

Persistent link: https://www.econbiz.de/10005769220

Fiscal Policy and Private Sector Saving Behavior; Tests of Ricardian Equivalence in Some Developing Economies

International Monetary Fund (IMF); International … - 1987

Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private...

Persistent link: https://www.econbiz.de/10005599233

Implications of Oil Inflows for Savings and Reserve Management in the Cemac

International Monetary Fund (IMF); International … - 2007

-term savings funds but due to low remuneration and other factors usage has remained limited. The paper also argues that regional … savings in the form of reserve accumulation must be sufficient to ensure the stability of the common currency. While the … country-specific savings decisions and the setting of a regional reserve target. Strengthening and diversifying reserve …

Persistent link: https://www.econbiz.de/10005599249

Capital Markets and External Current Accounts; What to Expect From the Euro

Decressin, Jörg; Disyatat, Piti - International Monetary Fund (IMF) - 2000

The paper compares the degree of capital market integration across euro-area countries with that across regions in Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a model of capital flows, reveal no compelling differences...

Persistent link: https://www.econbiz.de/10005599615

The Path of Output From Plan to Market

Gylfason, Thorvaldur - International Monetary Fund (IMF) - 1994

This paper is intended to clarify the contribution of macroeconomic stabilization and structural adjustment to the transformation from plan to market in Central and Eastern Europe and elsewhere. Four main points emerge. First, increased price stability improves the utilization of capital and...

Persistent link: https://www.econbiz.de/10005604833

Price Liberalization in Russia; The Early Record

Koen, Vincent; Phillips, Steven - International Monetary Fund (IMF) - 1992

Prices in Russia have been decontrolled in several steps since early 1991, after decades of near-fixity. Their behavior before and after the January 1992 price liberalization is analyzed here, as are the associated movements of wages and overall consumer incomes and expenditures. The emphasis is...

Persistent link: https://www.econbiz.de/10005605004

Escaping the Curse of Oil? The Case of Gabon

Söderling, Ludvig - International Monetary Fund (IMF) - 2002

This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various...

Persistent link: https://www.econbiz.de/10005605292