Search Results

You are looking at 1 - 10 of 28 items

  • Keyword: instrumental variable x
Clear All Modify Search
Mr. Ricardo's Great Adventure

Mr. Ricardo's Great Adventure »

Source: Mr. Ricardo's Great Adventure : Estimating Fiscal Multipliers in a Truly Intertemporal Model

Volume/Issue: 2006/168

Series: IMF Working Papers

Author(s): Silvia Sgherri , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

ISBN: 9781451864281

Keywords: Fiscal multipliers, Ricardian equivalence, equation, instrumental variables, tax cut,

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model...

The Domestic Credit Supply Response to International Bank Deleveraging

The Domestic Credit Supply Response to International Bank Deleveraging »

Source: The Domestic Credit Supply Response to International Bank Deleveraging : Is Asia Different?

Volume/Issue: 2012/258

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Sonali Jain-Chandra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 October 2012

ISBN: 9781475580914

Keywords: Global banks, liquidity shock, cross-border lending, instrumental variables, claims, banking, bank lending, bank for international settlements, instrumental variables., General,

During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a parti...

Service Offshoring, Productivity, and Employment

Service Offshoring, Productivity, and Employment »

Source: Service Offshoring, Productivity, and Employment : Evidence from the United States

Volume/Issue: 2005/238

Series: IMF Working Papers

Author(s): Mary Amiti , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862577

Keywords: Offshoring, outsourcing, equation, standard errors, instrumental variables, labor demand, International Factor Movements and International Business,

This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of offshoring. It...

Tourism Specialization and Economic Development

Tourism Specialization and Economic Development »

Source: Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List

Volume/Issue: 2009/176

Series: IMF Working Papers

Author(s): John Piotrowski , Rabah Arezki , and Reda Cherif

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

ISBN: 9781451873238

Keywords: economic development and growth and instrumental variables, unesco world heritage, heritage, world heritage,

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumenta...

Energy Subsidies and Public Social Spending

Energy Subsidies and Public Social Spending »

Source: Energy Subsidies and Public Social Spending : Theory and Evidence

Volume/Issue: 2015/101

Series: IMF Working Papers

Author(s): Christian Ebeke , and Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

ISBN: 9781475580747

Keywords: Energy subsidies, Public social spending, Causality, subsidy, tax, energy subsidy, Cross-Sectional Models, Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation, Causality.,

This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subje...

Fiscal Decentralization and the Efficiency of Public Service Delivery

Fiscal Decentralization and the Efficiency of Public Service Delivery »

Source: Fiscal Decentralization and the Efficiency of Public Service Delivery

Volume/Issue: 2015/59

Series: IMF Working Papers

Author(s): Moussé Sow , and Ivohasina Razafimahefa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2015

ISBN: 9781484351116

Keywords: Decentralization, efficiency, stochastic frontier analysis, fiscal decentralization, public expenditure, expenditure, Methodological Issues: General, Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation, General, Intergovernmental Relations,

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact...

Competition and Firm Productivity

Competition and Firm Productivity »

Source: Competition and Firm Productivity : Evidence from Firm-Level Data

Volume/Issue: 2010/67

Series: IMF Working Papers

Author(s): Marc Schiffbauer , and Sandra Ospina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982114

Keywords: regulation, entry costs, survey, correlation, instrumental variables, heteroscedasticity, Macroeconomic Analyses of Economic Development, Economic Growth and Aggregate Productivity: General,

This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations from the World Bank Enterprise Survey database, we find a positive and robust causal relations...

Following Germany's Lead

Following Germany's Lead »

Source: Following Germany's Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy

Volume/Issue: 2005/86

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451861051

Keywords: forward looking bias, instrumental variables, inflation, central bank, nominal interest rates, real output, Mobility, Unemployment, and Vacancies: General,

Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates...

Global Liquidity, House Prices, and the Macroeconomy

Global Liquidity, House Prices, and the Macroeconomy »

Source: Global Liquidity, House Prices, and the Macroeconomy : Evidence from Advanced and Emerging Economies

Volume/Issue: 2015/23

Series: IMF Working Papers

Author(s): Ambrogio Cesa-Bianchi , Luis Felipe Cespedes , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2015

ISBN: 9781484346037

Keywords: C32, E44, F44, economies, liquidity, advanced economies, exchange rate, Time-Series Models, Financial Markets and the Macroeconomy, International Business Cycles

In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow fa...

Institutions versus Geography

Institutions versus Geography »

Source: Institutions versus Geography : Subnational Evidence from the United States

Volume/Issue: 2006/169

Series: IMF Working Papers

Author(s): Alma Romero-Barrutieta , and Eric Clifton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

ISBN: 9781451864298

Keywords: institutions, geography, Appalachia, econometrics, probability, growth rates, instrumental variable, Macroeconomic Analyses of Economic Development, Economic Development: Regional, Urban

Empirical studies of the impact of geography and institutions on growth and development at the international level have become common place, but the high degree of abstraction at that level has led to calls for sub...