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Fiscal Policy Rules for Oil-Producing Countries

Fiscal Policy Rules for Oil-Producing Countries »

Source: Fiscal Policy Rules for Oil-Producing Countries : A Welfare-Based Assessment

Volume/Issue: 2009/126

Series: IMF Working Papers

Author(s): Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872736

Keywords: nonrenewable resource, oil producers, oil, permanent income, social welfare, welfare function, social welfare function, welfare functions, social welfare functions,

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth...

Policy Reform, Shadow Prices, and Market Prices

Policy Reform, Shadow Prices, and Market Prices »

Source: Policy Reform, Shadow Prices, and Market Prices

Volume/Issue: 1988/91

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 1988

ISBN: 9781451951608

Keywords: shadow prices, unemployment, social welfare function, social welfare

How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should...

Evaluating Alternative Approaches to Poverty Alleviation

Evaluating Alternative Approaches to Poverty Alleviation »

Source: Evaluating Alternative Approaches to Poverty Alleviation : Rice Tariffs Versus Targeted Transfers in Madagascar

Volume/Issue: 2008/9

Series: IMF Working Papers

Author(s): Paul A. Dorosh , David Coady , and Bart Minten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

ISBN: 9781451868715

Keywords: Rice tariffs, targeted transfers, efficiency, distribution, revenue, welfare impact, social welfare, welfare distribution, welfare function, household welfare,

This paper uses a partial equilibrium framework to evaluate the relative efficiency, distributional and revenue implications of rice tariffs and targeted transfers in Madagascar, especially in the context of identi...

Statistical Inference as a Bargaining Game

Statistical Inference as a Bargaining Game »

Source: Statistical Inference as a Bargaining Game

Volume/Issue: 2002/81

Series: IMF Working Papers

Author(s): Eduardo Ley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2002

ISBN: 9781451850376

Keywords: Social Welfare Function, Social Information Function, Contract Curve, Nash bargaining solution, Bayesian Inference, Posterior Mode, bargaining, welfare function, social welfare, statistics

This paper extends the analogy, previously established by Learner (1978a), between a Bayesian inference problem and an economics allocation problem to show that posterior modes can be interpreted as optimal outcome...

Lucas vs. Lucas

Lucas vs. Lucas »

Source: Lucas vs. Lucas : On Inequality and Growth

Volume/Issue: 2007/17

Series: IMF Working Papers

Author(s): Juan Carlos Cordoba , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2007

ISBN: 9781451865813

Keywords: Welfare costs, inequality, social welfare, country inequality, welfare function, welfare measures, Distribution, General Aggregative Models, Consumption, Saving

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving th...

Fiscal Policy Rules for Oil-Producing Countries
			: A Welfare-Based Assessment

Fiscal Policy Rules for Oil-Producing Countries : A Welfare-Based Assessment »

Volume/Issue: 2009/126

Series: IMF Working Papers

Author(s): Wojciech Maliszewski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

DOI: http://dx.doi.org/10.5089/9781451872736.001

ISBN: 9781451872736

Keywords: nonrenewable resource, oil producers, oil, permanent income, social welfare, welfare function, social welfare function, welfare functions, social welfare functions,

The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth...

Inclusive Growth

Inclusive Growth »

Source: Inclusive Growth : Measurement and Determinants

Volume/Issue: 2013/135

Series: IMF Working Papers

Author(s): Rahul Anand , Saurabh Mishra , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2013

ISBN: 9781484323212

Keywords: pro-poor growth, distribution, equity, inequality, social mobility, pro-poor, distribution of income, welfare function, Justice, and Other Normative Criteria and Measurement

We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. Country distributions are cal...

Social Welfare and Cost Recovery in Two-Sided Markets

Social Welfare and Cost Recovery in Two-Sided Markets »

Source: Social Welfare and Cost Recovery in Two-Sided Markets

Volume/Issue: 2005/194

Series: IMF Working Papers

Author(s): Wilko Bolt , and Alexander Tieman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451862133

Keywords: Two-sided markets, social optimum, cost recovery, operational losses, pricing, social welfare, prices, payment systems, demand functions, Market Structure

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that u...

Policy Reform, Shadow Prices, and Market Prices

Policy Reform, Shadow Prices, and Market Prices »

Volume/Issue: 1988/91

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 1988

DOI: http://dx.doi.org/10.5089/9781451951608.001

ISBN: 9781451951608

Keywords: shadow prices, unemployment, social welfare function, social welfare

How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should...

Evaluating Alternative Approaches to Poverty Alleviation
			: Rice Tariffs Versus Targeted Transfers in Madagascar

Evaluating Alternative Approaches to Poverty Alleviation : Rice Tariffs Versus Targeted Transfers in Madagascar »

Volume/Issue: 2008/9

Series: IMF Working Papers

Author(s): Paul A. Dorosh , David Coady , and Bart Minten

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

DOI: http://dx.doi.org/10.5089/9781451868715.001

ISBN: 9781451868715

Keywords: Rice tariffs, targeted transfers, efficiency, distribution, revenue, welfare impact, social welfare, welfare distribution, welfare function, household welfare,

This paper uses a partial equilibrium framework to evaluate the relative efficiency, distributional and revenue implications of rice tariffs and targeted transfers in Madagascar, especially in the context of identi...