Search Results

You are looking at 1 - 10 of 294 items

  • Keyword: Panel Data x
Clear All Modify Search
Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules

Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules »

Source: Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules

Volume/Issue: 2018/87

Series: IMF Working Papers

Author(s): Federico Diaz Kalan , Adina Popescu , and Julien Reynaud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484351024

Keywords: Fiscal rules, noncompliance, sovereign spreads, General, Models with Panel Data

There is evidence that fiscal rules, in particular well-designed rules, are associated with lower sovereign spreads. However, the impact of noncompliance with fiscal rules on spreads has not been examined in the li...

Corruption and Military Spending

Corruption and Military Spending »

Source: Corruption and Military Spending

Volume/Issue: 2000/23

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

ISBN: 9781451844030

Keywords: military spending, panel data, military, arms, military equipment, military procurement

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...

The Nonmonetary Determinants of Inflation

The Nonmonetary Determinants of Inflation »

Source: The Nonmonetary Determinants of Inflation : A Panel Data Study

Volume/Issue: 1998/23

Series: IMF Working Papers

Author(s): Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451844016

Keywords: panel data, central bank, monetary policy, relative price, government securities

This paper explains inflation performance in a sample of industrial and transition economies by looking at policymakers’ incentives to inflate the economy, and the perceived costs of disinflation. It finds a...

Threshold Effects of Sovereign Debt

Threshold Effects of Sovereign Debt »

Source: Threshold Effects of Sovereign Debt : Evidence From the Caribbean

Volume/Issue: 2012/157

Series: IMF Working Papers

Author(s): Lisa Drakes , Chrystol Thomas , Roland Craigwell , and Kevin Greenidge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

ISBN: 9781475504507

Keywords: Debt Threshold, Panel Data, Threshold Regressions, external debt, real gdp

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 pe...

Vertical Fiscal Imbalances and the Accumulation of Government Debt

Vertical Fiscal Imbalances and the Accumulation of Government Debt »

Source: Vertical Fiscal Imbalances and the Accumulation of Government Debt

Volume/Issue: 2014/209

Series: IMF Working Papers

Author(s): Inaki Aldasoro , and Mike Seiferling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2014

ISBN: 9781484357552

Keywords: panel data, GFSY, decentralization, subnational, subnational governments, transfers, Models with Panel Data, General, State and Local Borrowing, Intergovernmental Relations,

Delegating fiscal decision making power to sub-national governments has been an area of interest for both academics and policymakers given the expectation that it may lead to better and more efficient provision of...

Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances1

Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances1 »

Source: Correcting 'Beyond the Cycle" : Accounting for Asset Prices in Structural Fiscal Balances

Volume/Issue: 2015/109

Series: IMF Working Papers

Author(s): Estelle Liu , Todd Mattina , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2015

ISBN: 9781513520551

Keywords: asset price, equity market, housing market, panel data econometrics, prices, price, equity, Asset Pricing, Deficit, panel data econometrics.,

This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in ass...

The Role of Risk and Information for International Capital Flows

The Role of Risk and Information for International Capital Flows »

Source: The Role of Risk and Information for International Capital Flows : New Evidence from the SDDS

Volume/Issue: 2012/242

Series: IMF Working Papers

Author(s): Yuko Hashimoto , and Konstantin Wacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2012

ISBN: 9781475568660

Keywords: determinants of capital flows, information, panel data, risk, SDDS, FDI, portfolio investment, spatial econometrics, direct investment, Models with Panel Data,

In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purp...

Armington Elasticities in Intermediate Inputs Trade

Armington Elasticities in Intermediate Inputs Trade »

Source: Armington Elasticities in Intermediate Inputs Trade : A Problem in Using Multilateral Trade Data

Volume/Issue: 2004/22

Series: IMF Working Papers

Author(s): Mika Saito

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2004

ISBN: 9781451921380

Keywords: The Armington Model, Intermediate Inputs Trade, Panel Data, trade data, intermediate inputs, equations, multilateral trade, equation,

This paper finds that the estimates of Armington elasticities (the elasticity of substitution between groups of products identified by country of origin) obtained from multilateral trade data can differ from those...

On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specifications

On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specifications »

Source: On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specifications

Volume/Issue: 2003/73

Series: IMF Working Papers

Author(s): Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451849486

Keywords: Dynamic Panel Data Models, Monte Carlo Simulation, Heterogeneity Bias, VARs, time series, finite sample, sample bias, econometrics, equation, Multiple or Simultaneous Equation Models: Models with Panel Data

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper also compares the...

Fiscal Spillovers in the Euro Area: Letting the Data Speak

Fiscal Spillovers in the Euro Area: Letting the Data Speak »

Source: Fiscal Spillovers in the Euro Area: Letting the Data Speak

Volume/Issue: 2017/241

Series: IMF Working Papers

Author(s): Era Dabla-Norris , Pietro Dallari , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2017

ISBN: 9781484328262

Keywords: Fiscal Spillovers; Bayesian Methods; Fiscal Multipliers, Panel VAR, Fiscal Spillovers, Bayesian Methods, Fiscal Multipliers, Bayesian Analysis, Models with Panel Data

We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers are significan...