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From Centrally-Planned to Market Economies

From Centrally-Planned to Market Economies »

Source: From Centrally-Planned to Market Economies : The Road from CPE to PCPE

Volume/Issue: 1991/17

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Guillermo Calvo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1991

ISBN: 9781451843446

Keywords: exchange rate, wage, foreign exchange, wages, wage indexation

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the...

From Centrally-Planned to Market Economies
			: The Road from CPE to PCPE

From Centrally-Planned to Market Economies : The Road from CPE to PCPE »

Volume/Issue: 1991/17

Series: IMF Working Papers

Author(s): Jacob Frenkel , and Guillermo Calvo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1991

DOI: http://dx.doi.org/10.5089/9781451843446.001

ISBN: 9781451843446

Keywords: exchange rate, wage, foreign exchange, wages, wage indexation

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the...

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid »

Volume/Issue: 2019/126

Series: IMF Working Papers

Author(s): Ioana Moldovan , Shu-Chun Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2019

DOI: http://dx.doi.org/10.5089/9781498312110.001

ISBN: 9781498312110

Keywords: Absorptive capacity, Private consumption, Real interest rates, Government consumption, Public goods, aid, fiscal policy, foreign exchange intervention, optimal policy, low-income countries.

This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of lo...

Regional Labor Market Adjustments in the United States

Regional Labor Market Adjustments in the United States »

Volume/Issue: 2014/211

Series: IMF Working Papers

Author(s): Mai Dao , Davide Furceri , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2014

DOI: http://dx.doi.org/10.5089/9781498302715.001

ISBN: 9781498302715

Keywords: Foreign exchange, Labor mobility, Labor markets, Labor demand, Migrations, Regional shocks, Regional economics, Unemployment, United States, Interstate migration

We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of t...

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid

Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid »

Source: Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid

Volume/Issue: 2019/126

Series: IMF Working Papers

Author(s): Ioana Moldovan , Shu-Chun Susan Yang , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2019

ISBN: 9781498312110

Keywords: Absorptive capacity, Private consumption, Real interest rates, Government consumption, Public goods, aid, fiscal policy, foreign exchange intervention, optimal policy, low-income countries.

This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of lo...

Regional Labor Market Adjustments in the United States

Regional Labor Market Adjustments in the United States »

Source: Regional Labor Market Adjustments in the United States

Volume/Issue: 2014/211

Series: IMF Working Papers

Author(s): Mai Dao , Davide Furceri , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2014

ISBN: 9781498302715

Keywords: Foreign exchange, Labor mobility, Labor markets, Labor demand, Migrations, Regional shocks, Regional economics, Unemployment, United States, Interstate migration

We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of t...