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Resilience and Growth in the Small States of the Pacific

Resilience and Growth in the Small States of the Pacific »

Series: Books

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

DOI: http://dx.doi.org/10.5089/9781513507521.071

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address...

Equilibrium Wage Dispersion

Equilibrium Wage Dispersion »

Source: Equilibrium Wage Dispersion : An Example

Volume/Issue: 2006/19

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862799

Keywords: Search equilibrium, wage posting, wage dispersion, labor theory, wage, unemployment, employment, unemployed,

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generic...

Idiosyncratic Risk

Idiosyncratic Risk »

Source: Idiosyncratic Risk : An Empirical Analysis, with Implications for the Risk of Relative-Value Trading Strategies

Volume/Issue: 1999/148

Series: IMF Working Papers

Author(s): Anthony Richards

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1999

ISBN: 9781451856804

Keywords: Idiosyncratic Risk, Dispersion, Risk Management, Hedge Funds, equity markets, autocorrelation, hedging, equation, correlation

This paper models the idiosyncratic or asset-specific return of an asset as the return on a portfolio that is long in that asset and short in other assets in the same class, thereby removing the common components o...

Inflation, Uncertainty, and Growth in Colombia1

Inflation, Uncertainty, and Growth in Colombia1 »

Source: Inflation, Uncertainty, and Growth in Colombia

Volume/Issue: 1998/161

Series: IMF Working Papers

Author(s): Henry Ma

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

ISBN: 9781451981582

Keywords: inflation uncertainty, relative price dispersion, VAR, relative price, moderate inflation, effect of inflation, high inflation

It has been argued that higher levels of inflation lead to greater uncertainty about future inflation and to greater dispersion of relative prices. In either case, inflation could reduce the efficiency of market pr...

Alternative Models of Wage Dispersion

Alternative Models of Wage Dispersion »

Source: Alternative Models of Wage Dispersion

Volume/Issue: 2005/64

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860832

Keywords: Search equilibrium, wage posting, wage dispersion, labor theory, wage, worker, equations, Seach equilibrium,

We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this appro...

Money and Credit

Money and Credit »

Source: Money and Credit : Theory and Applications

Volume/Issue: 2017/14

Series: IMF Working Papers

Author(s): Liang Wang , Randall Wright , and Lucy Qian Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2017

ISBN: 9781475572339

Keywords: Money, Credit, Demand for money, Sticky prices, Welfare, Econometric models, Money, Credit, Inflation, Price Dispersion

We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs...

Growth and Inflation Dispersions in EMU

Growth and Inflation Dispersions in EMU »

Source: Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications

Volume/Issue: 2007/167

Series: IMF Working Papers

Author(s): Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867312

Keywords: Common and country-specific shocks, output and inflation dispersions, convergence, risks sharing, monetary policy, real interest rate, price level, aggregate demand,

This paper's analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, rel...

Central Bank Communication and Monetary Policy Surprises in Chile

Central Bank Communication and Monetary Policy Surprises in Chile »

Source: Central Bank Communication and Monetary Policy Surprises in Chile

Volume/Issue: 2018/156

Series: IMF Working Papers

Author(s): Andrea Pescatori

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

ISBN: 9781484363102

Keywords: Financial crises, Foreign banks, Monetary policy; monetary policy shocks; proxy VAR; central bank communication; central bank predictability; inflation forecast dispersion, Chile, Monetary policy, monetary policy shocks, proxy VAR, central bank communication, central bank predictability, inflation forecast dispersion

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct inde...

Part I: Setting the Stage: The Quest for Resilience and Growth in the Pacific Islands

Part I: Setting the Stage: The Quest for Resilience and Growth in the Pacific Islands »

Source: Resilience and Growth in the Small States of the Pacific

Series: Books

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

...

Part II: Managing External Spillovers, Shocks, and Vulnerabilities

Part II: Managing External Spillovers, Shocks, and Vulnerabilities »

Source: Resilience and Growth in the Small States of the Pacific

Series: Books

Author(s): Hoe Khor , Roger Kronenberg , and Patrizia Tumbarello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2016

ISBN: 9781513507521

Keywords: Pacific islands, small states, natural disasters, climate change, foreign aid, resilience, dispersion, distance, remoteness, fisheries

...