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A Stock-Flow Accounting Model of the Labor Market

A Stock-Flow Accounting Model of the Labor Market »

Source: A Stock-Flow Accounting Model of the Labor Market : An Application to Israel

Volume/Issue: 2015/58

Series: IMF Working Papers

Author(s): Yossi Yakhin , and Natalya Presman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2015

ISBN: 9781484360569

Keywords: Structural unemployment, Beveridge curve, SVAR with sign restrictions, unemployment, labor force, labor, labor supply, job, General,

The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR...

Putting the New Keynesian Model to a Test

Putting the New Keynesian Model to a Test »

Source: Putting the New Keynesian Model to a Test

Volume/Issue: 2006/135

Series: IMF Working Papers

Author(s): Roland Straub , and Gert Peersman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

ISBN: 9781451863956

Keywords: DSGE models, sign restrictions, government spending, real wages, private consumption, aggregate demand, Multiple or Simultaneous Equation Models: Time-Series Models, Model Construction and Estimation,

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in rep...

France in the Global Economy

France in the Global Economy »

Source: France in the Global Economy : A Structural Approximate Dynamic Factor Model Analysis

Volume/Issue: 2007/129

Series: IMF Working Papers

Author(s): Francisco Nadal De Simone , and Alain Kabundi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

ISBN: 9781451866933

Keywords: Dynamic factor models, international business cycles, sign restrictions, fixed capital formation, capital formation, balance of payments, terms of trade, fixed investment,

This study identifies the main shocks that cause fluctuations in French output and their channels of transmission. It uses a large-dimensional structural approximate dynamic factor model. There are three main findi...

The Sources of Business Cycles in a Low Income Country*

The Sources of Business Cycles in a Low Income Country* »

Source: The Sources of Business Cycles in a Low Income Country

Volume/Issue: 2015/40

Series: IMF Working Papers

Author(s): Romain Houssa , Jolan Mohimont , and Christopher Otrok

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2015

ISBN: 9781498310147

Keywords: Credit Shocks, Macroeconomic Stabilization Policies, Sign Restrictions, Bayesian VAR, credit, productivity, inflation, prices, exchange, Models with Panel Data

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shoc...

What Drives Credit Growth in Emerging Asia?

What Drives Credit Growth in Emerging Asia? »

Source: What Drives Credit Growth in Emerging Asia?

Volume/Issue: 2012/43

Series: IMF Working Papers

Author(s): Fei Han , and Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936440

Keywords: rapid credit growth, emerging Asia, SVAR, Bayesian estimation, sign restrictions, aggregate demand, domestic monetary policy, inflation, financial stability, What Drives Credit Growth in Emerging Asia?

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby sho...

A Stock-Flow Accounting Model of the Labor Market
			: An Application to Israel

A Stock-Flow Accounting Model of the Labor Market : An Application to Israel »

Volume/Issue: 2015/58

Series: IMF Working Papers

Author(s): Yossi Yakhin , and Natalya Presman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2015

DOI: http://dx.doi.org/10.5089/9781484360569.001

ISBN: 9781484360569

Keywords: Structural unemployment, Beveridge curve, SVAR with sign restrictions, unemployment, labor force, labor, labor supply, job, General,

The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR...

Putting the New Keynesian Model to a Test

Putting the New Keynesian Model to a Test »

Volume/Issue: 2006/135

Series: IMF Working Papers

Author(s): Roland Straub , and Gert Peersman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

DOI: http://dx.doi.org/10.5089/9781451863956.001

ISBN: 9781451863956

Keywords: DSGE models, sign restrictions, government spending, real wages, private consumption, aggregate demand, Multiple or Simultaneous Equation Models: Time-Series Models, Model Construction and Estimation,

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in rep...

France in the Global Economy
			: A Structural Approximate Dynamic Factor Model Analysis

France in the Global Economy : A Structural Approximate Dynamic Factor Model Analysis »

Volume/Issue: 2007/129

Series: IMF Working Papers

Author(s): Francisco Nadal De Simone , and Alain Kabundi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

DOI: http://dx.doi.org/10.5089/9781451866933.001

ISBN: 9781451866933

Keywords: Dynamic factor models, international business cycles, sign restrictions, fixed capital formation, capital formation, balance of payments, terms of trade, fixed investment,

This study identifies the main shocks that cause fluctuations in French output and their channels of transmission. It uses a large-dimensional structural approximate dynamic factor model. There are three main findi...

The Sources of Business Cycles in a Low Income Country

The Sources of Business Cycles in a Low Income Country »

Volume/Issue: 2015/40

Series: IMF Working Papers

Author(s): Romain Houssa , Jolan Mohimont , and Christopher Otrok

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2015

DOI: http://dx.doi.org/10.5089/9781498310147.001

ISBN: 9781498310147

Keywords: Credit Shocks, Macroeconomic Stabilization Policies, Sign Restrictions, Bayesian VAR, credit, productivity, inflation, prices, exchange, Models with Panel Data

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shoc...

What Drives Credit Growth in Emerging Asia?

What Drives Credit Growth in Emerging Asia? »

Volume/Issue: 2012/43

Series: IMF Working Papers

Author(s): Fei Han , and Selim Elekdag

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936440.001

ISBN: 9781463936440

Keywords: rapid credit growth, emerging Asia, SVAR, Bayesian estimation, sign restrictions, aggregate demand, domestic monetary policy, inflation, financial stability, What Drives Credit Growth in Emerging Asia?

This paper seeks to uncover the main drivers of credit growth in emerging Asia using a multi-country structural vector autoregressive (SVAR) model. Taking a novel approach, we developed a two-block SVAR whereby sho...