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Seductions of an Underdevelopment Trap

Seductions of an Underdevelopment Trap »

Source: Seductions of an Underdevelopment Trap : Systemic Impediments to Agricultural Reform in Russia

Volume/Issue: 2002/126

Series: IMF Working Papers

Author(s): Dmitry Gershenson , and Maria Amelina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2002

ISBN: 9781451854916

Keywords: collective farms, transition, subsidy, farms, farm, collective farm, Positive Analysis of Policy-Making and Implementation,

Despite ambitious agricultural reforms initiated by the federal government, inefficient and unprofitable producers predominate in post-Soviet Russia. However, in some regions a more robust restructuring has taken p...

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency1

Stock-Flow Adjustments, Government’s Integrated Balance Sheet and Fiscal Transparency1 »

Source: Stock-Flow Adjustments, Government's Integrated Balance Sheet and Fiscal Transparency

Volume/Issue: 2013/63

Series: IMF Working Papers

Author(s): Mike Seiferling

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2013

ISBN: 9781475537642

Keywords: stock flow adjustments, debt, liabilities, deficits, government finance, Positive Analysis of Policy-Making and Implementation, General,

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for...

Imf Conditionality and Program Ownership

Imf Conditionality and Program Ownership »

Source: Imf Conditionality and Program Ownership : A Case for Streamlined Conditionality

Volume/Issue: 2003/98

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451852165

Keywords: program conditionality and ownership, uncertainty, ambiguity, probability, conditionality, probabilities, adjustment programs, Positive Analysis of Policy-Making and Implementation, Criteria for Decision-Making under Risk and Uncertainty,

Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program conditionality and own...

Corruption, Competition, and Contracts

Corruption, Competition, and Contracts »

Source: Corruption, Competition, and Contracts : A Model of Vote Buying

Volume/Issue: 2006/11

Series: IMF Working Papers

Author(s): Felix Vardy , and John Morgan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862713

Keywords: Vote buying, lobbying, elections, voters, voter, voting, interest groups, interest group, Models of Political Processes: Rent-seeking, Legislatures

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shar...

Procyclical Fiscal Policy

Procyclical Fiscal Policy »

Source: Procyclical Fiscal Policy : Shocks, Rules, and Institutions: A View From Mars

Volume/Issue: 2006/27

Series: IMF Working Papers

Author(s): Paolo Manasse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862874

Keywords: procyclicality, institutions, linear model, fiscal rule, parameter estimate, National Deficit Surplus, Neural Networks and Related Topics, Positive Analysis of Policy-Making and Implementation,

This paper assesses the roles of shocks, rules, and institutions as possible sources of procyclicality in fiscal policy. By employing parametric and nonparametric techniques, I reach the following four main conclus...

Strategies for Reforming Korea’s Labor Market to Foster Growth

Strategies for Reforming Korea’s Labor Market to Foster Growth »

Source: Strategies for Reforming Korea's Labor Market to Foster Growth

Volume/Issue: 2014/137

Series: IMF Working Papers

Author(s): Mai Dao , Davide Furceri , Tae-Jeong Kim , Meeyeon Kim , and Jisoo Hwang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2014

ISBN: 9781498337151

Keywords: labor market duality, female labor force participations, youth employment, reforms, labor market, labor force, employment, unemployment, Positive Analysis of Policy-Making and Implementation, Labor Economics Policies,

While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and f...

Trade Integration and Political Turbulence

Trade Integration and Political Turbulence »

Source: Trade Integration and Political Turbulence : Environmental Policy Consequences

Volume/Issue: 2001/150

Series: IMF Working Papers

Author(s): Muthukumara Mani , and Per Fredriksson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2001

ISBN: 9781451856965

Keywords: political instability, lobbying, uncertainty, environmental regulations, environmental policy, trade integration, environmental policies, economic integration, Models of Political Processes: Rent-seeking, Elections

This paper seeks to contribute to the unresolved issue of the effect of economic integration on environmental policy. In particular, we discuss the joint impact of trade openness and political uncertainty. Our theo...

Primeron Reforms in a Second-Best Ambiguous Environment

Primeron Reforms in a Second-Best Ambiguous Environment »

Source: Primeron Reforms in a Second-Best Ambiguous Environment : A Case for Gradualism

Volume/Issue: 2002/50

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451846980

Keywords: reform, sequencing, gradualism, big bang, uncertainty, ambiguity, flexibility, reform outcomes, reform package, expected value

Ambiguity, as opposed to uncertainty, reflects lack of sufficient information about distribution and payoffs of infrequent events. Reforms are infrequent events, undertaken in ambiguous second-best environments whe...

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Regulatory Cycles: Revisiting the Political Economy of Financial Crises »

Source: Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Volume/Issue: 2018/8

Series: IMF Working Papers

Author(s): Jihad Dagher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2018

ISBN: 9781484337745

Keywords: Political economy, Political economy, Financial crises, Financial Regulation, Boom-Bust Cycles, Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior, Positive Analysis of Policy-Making and Implementation

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the p...

Seductions of an Underdevelopment Trap
			: Systemic Impediments to Agricultural Reform in Russia

Seductions of an Underdevelopment Trap : Systemic Impediments to Agricultural Reform in Russia »

Volume/Issue: 2002/126

Series: IMF Working Papers

Author(s): Dmitry Gershenson , and Maria Amelina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2002

DOI: http://dx.doi.org/10.5089/9781451854916.001

ISBN: 9781451854916

Keywords: collective farms, transition, subsidy, farms, farm, collective farm, Positive Analysis of Policy-Making and Implementation,

Despite ambitious agricultural reforms initiated by the federal government, inefficient and unprofitable producers predominate in post-Soviet Russia. However, in some regions a more robust restructuring has taken p...