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Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing »

Source: Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Volume/Issue: 1999/99

Series: IMF Working Papers

Author(s): Arne Bigsten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

ISBN: 9781451852257

Keywords: African manufacturing, adjustment costs, duration dependence, nonparametric methods, unobserved heterogeneity, fixed costs, investment rate, probability, probabilities, survey

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufac...

An Approach to Long-Term Fiscal Policy Analysis

An Approach to Long-Term Fiscal Policy Analysis »

Source: An Approach to Long-Term Fiscal Policy Analysis

Volume/Issue: 2004/113

Series: IMF Working Papers

Author(s): Papa N'Diaye , and Steven Dunaway

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451853735

Keywords: Population Aging, fiscal adjustment, fiscal pressures, expenditures, fiscal costs, National Government Expenditures and Health,

This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach...

Correlations Between Real Interest Rates and Output in a Dynamic International Model

Correlations Between Real Interest Rates and Output in a Dynamic International Model »

Source: Correlations Between Real Interest Rates and Output in a Dynamic International Model : Evidence from G-7 Countries

Volume/Issue: 1998/179

Series: IMF Working Papers

Author(s): Jahanara Zaman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451859003

Keywords: Adjustment costs, Habit persistence, Interest rates, correlations, real interest rates, correlation, real interest rate, predictions

This paper examines the extent to which a dynamic international general equilibrium model can account for observed movements in real interest rates and interest rate differentials. Using data for Group of Seven, th...

Fiscal Policy and the Real Exchange Rate

Fiscal Policy and the Real Exchange Rate »

Source: Fiscal Policy and the Real Exchange Rate

Volume/Issue: 2012/52

Series: IMF Working Papers

Author(s): Santanu Chatterjee , and Azer Mursagulov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463937133

Keywords: real exchange rate, intersectoral adjustment costs, exchange rate, government spending, government spending shocks, Macroeconomic Aspects Of International Trade And Finance, National Government Expenditures And Related Policies,

Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the rea...

Discriminatory Pricing of Over-the-Counter Derivatives

Discriminatory Pricing of Over-the-Counter Derivatives »

Source: Discriminatory Pricing of Over-the-Counter Derivatives

Volume/Issue: 2019/100

Series: IMF Working Papers

Author(s): Harald Hau , Peter Hoffmann , Sam Langfield , and Yannick Timmer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2019

ISBN: 9781498303774

Keywords: Market interest rates, Credit default swap, Exchange markets, Interest parity, Currency swaps, Transaction costs, search frictions, information rents, RFQ platforms, RFQ

New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter inc...

Comparing the Employment-Output Elasticities of Expatriates and Nationals in the Gulf Cooperation Council

Comparing the Employment-Output Elasticities of Expatriates and Nationals in the Gulf Cooperation Council »

Source: Comparing the Employment-Output Elasticities of Expatriates and Nationals in the Gulf Cooperation Council

Volume/Issue: 2015/191

Series: IMF Working Papers

Author(s): Alberto Behar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 August 2015

ISBN: 9781513573885

Keywords: Employment Elasticities, Labor Market Adjustment Costs, GCC, Gulf Cooperation Council, labor market, labor, private sector, unemployment, Labor Economics: General, Labor Economics Policies

We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results...

How to Adjust to a Large Fall in Commodity Prices

How to Adjust to a Large Fall in Commodity Prices »

Source: How to Adjust to a Large Fall in Commodity Prices

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

ISBN: 9781475536065

Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing

Adjustment Costs, Irreversibility and Investment Patterns in African Manufacturing »

Volume/Issue: 1999/99

Series: IMF Working Papers

Author(s): Arne Bigsten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1999

DOI: http://dx.doi.org/10.5089/9781451852257.001

ISBN: 9781451852257

Keywords: African manufacturing, adjustment costs, duration dependence, nonparametric methods, unobserved heterogeneity, fixed costs, investment rate, probability, probabilities, survey

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufac...

An Approach to Long-Term Fiscal Policy Analysis

An Approach to Long-Term Fiscal Policy Analysis »

Volume/Issue: 2004/113

Series: IMF Working Papers

Author(s): Papa N'Diaye , and Steven Dunaway

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

DOI: http://dx.doi.org/10.5089/9781451853735.001

ISBN: 9781451853735

Keywords: Population Aging, fiscal adjustment, fiscal pressures, expenditures, fiscal costs, National Government Expenditures and Health,

This paper proposes an approach to setting fiscal policy that factors in the longer-term budgetary pressures that countries face owing, in particular, to population aging and rising health care costs. The approach...

Correlations Between Real Interest Rates and Output in a Dynamic International Model
			: Evidence from G-7 Countries

Correlations Between Real Interest Rates and Output in a Dynamic International Model : Evidence from G-7 Countries »

Volume/Issue: 1998/179

Series: IMF Working Papers

Author(s): Jahanara Zaman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

DOI: http://dx.doi.org/10.5089/9781451859003.001

ISBN: 9781451859003

Keywords: Adjustment costs, Habit persistence, Interest rates, correlations, real interest rates, correlation, real interest rate, predictions

This paper examines the extent to which a dynamic international general equilibrium model can account for observed movements in real interest rates and interest rate differentials. Using data for Group of Seven, th...