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The Costs and Benefits of Various Wage Bargaining Structures

The Costs and Benefits of Various Wage Bargaining Structures »

Source: The Costs and Benefits of Various Wage Bargaining Structures : An Empirical Exploration

Volume/Issue: 2002/71

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849257

Keywords: internal factors, wage, bargaining, Wages, Compensation, and Labor Costs: General, Trade Unions: Objectives, Structure, and Effects,

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased a...

Growth and Employment in the Dominican Republic

Growth and Employment in the Dominican Republic »

Source: Growth and Employment in the Dominican Republic : Options for a Job-Rich Growth

Volume/Issue: 2013/40

Series: IMF Working Papers

Author(s): Umidjon Abdullaev , and Marcello Estevao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2013

ISBN: 9781475518573

Keywords: productivity growth, labor force, labor market, General, Labor Force and Employment, Size, and Structure,

The Dominican Republic has posted high rates of output and productivity growth, but labor market indicators have remained weak during the past 20 years. This paper documents these trends, showing that the rapid pro...

Employment Impacts of Upstream Oil and Gas Investment in the United States

Employment Impacts of Upstream Oil and Gas Investment in the United States »

Source: Employment Impacts of Upstream Oil and Gas Investment in the United States

Volume/Issue: 2015/28

Series: IMF Working Papers

Author(s): Mark Agerton , Peter Hartley , Kenneth Medlock III , and Ted Temzelides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2015

ISBN: 9781498376068

Keywords: gas, oil, energy, drilling, Labor Force and Employment, Size, and Structure,

Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how m...

The Aging of the Population and the Size of the Welfare State

The Aging of the Population and the Size of the Welfare State »

Source: The Aging of the Population and the Size of the Welfare State

Volume/Issue: 2002/68

Series: IMF Working Papers

Author(s): Phillip Swagel , Efraim Sadka , and Assaf Razin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849004

Keywords: dependency ratio, labor tax, tax rate, dependency, unemployment, social security, Structure, Scope, and Performance of Government,

Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and both labor tax rates and the generosity of social transfers, after controlling for other f...

The Impact of Corporate Governance Structures on the Agency Cost of Debt

The Impact of Corporate Governance Structures on the Agency Cost of Debt »

Source: The Impact of Corporate Governance Structures on the Agency Cost of Debt

Volume/Issue: 2001/204

Series: IMF Working Papers

Author(s): Jorge Chan-Lau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451874501

Keywords: agency cost of debt, exit decision, shareholders, equation, shareholder, corporate governance structures, Corporate Finance And Governance,

This paper uses a stochastic continuous time model of the firm to study how different corporate governance structures affect the agency cost of debt. In the absence of asymmetric information, it shows that control...

Quota Brokers

Quota Brokers »

Source: Quota Brokers

Volume/Issue: 2004/179

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451859065

Keywords: Quota licenses, middlemen, competition, standard deviation, perfect competition, simulation results, Market Structure and Pricing: General,

This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet a...

Fiscal Rules at a Glance

Fiscal Rules at a Glance »

Source: Fiscal Rules at a Glance : Country Details from a New Dataset

Volume/Issue: 2012/273

Series: IMF Working Papers

Author(s): Nina Budina , Tidiane Kinda , Andrea Schaechter , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2012

ISBN: 9781616359102

Keywords: fiscal governance, rules, legislation, federal budget, legal obligation, regulation, Structure and Scope of Government, Deficit,

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper 'Fiscal Rules in R...

Spending Seigniorage

Spending Seigniorage »

Source: Spending Seigniorage : Do Central Banks Have a Governance Problem?

Volume/Issue: 2006/58

Series: IMF Working Papers

Author(s): Alain Ize

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

ISBN: 9781451863185

Keywords: seigniorage, expenditures, central bank, reserve accumulation, currency composition, Structure, Scope, and Performance of Government,

This paper reviews how central banks allocate seigniorage, based on systematic crosscountry comparisons of their financial accounts. Central banks are classified as weak or strong, depending upon their structural p...

Reforming Tax Expenditures in Italy: What, Why, and How?1

Reforming Tax Expenditures in Italy: What, Why, and How?1 »

Source: Reforming Tax Expenditures in Italy : What, Why, and How?

Volume/Issue: 2014/7

Series: IMF Working Papers

Author(s): Justin Tyson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2014

ISBN: 9781484370773

Keywords: Tax expenditures, efficiency, equity, expenditures, tax expenditure, expenditure, tax system, Structure and Scope of Government, Other,

The IMF has advised country authorities to roll back tax expenditures as a way to support fiscal consolidation efforts-urging them to evaluate tax expenditures according to clear criteria, and assessing their impac...

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments1

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments1 »

Source: How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments

Volume/Issue: 2014/179

Series: IMF Working Papers

Author(s): Julio Escolano , Laura Jaramillo , Carlos Mulas-Granados , and G. Terrier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2014

ISBN: 9781484378861

Keywords: Deficit, primary balance, size of adjustment, fiscal adjustments, fiscal consolidations, Structure and Scope of Government,

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we re...