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Fiscal Consolidation and Public Wages

Fiscal Consolidation and Public Wages »

Source: Fiscal Consolidation and Public Wages

Volume/Issue: 2019/125

Series: IMF Working Papers

Author(s): Juin-Jen Chang , Hsieh-Yu Lin , Nora Traum , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2019

ISBN: 9781498316835

Keywords: Public sector wages, Real interest rates, Income tax revenue, Wage policy, Consumption taxes, public wage, fiscal consolidation, government spending, fiscal policy, New Keynesian model

A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the t...

Fiscal Consolidation and Public Wages

Fiscal Consolidation and Public Wages »

Volume/Issue: 2019/125

Series: IMF Working Papers

Author(s): Juin-Jen Chang , Hsieh-Yu Lin , Nora Traum , and Shu-Chun Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2019

DOI: http://dx.doi.org/10.5089/9781498316835.001

ISBN: 9781498316835

Keywords: Public sector wages, Real interest rates, Income tax revenue, Wage policy, Consumption taxes, public wage, fiscal consolidation, government spending, fiscal policy, New Keynesian model

A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the t...

Macroeconomic Impacts of Gender Inequality and Informality in India

Macroeconomic Impacts of Gender Inequality and Informality in India »

Volume/Issue: 2016/16

Series: IMF Working Papers

Author(s): Purva Khera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2016

DOI: http://dx.doi.org/10.5089/9781475590784.001

ISBN: 9781475590784

Keywords: gender inequality, informality, DSGE model, Indian economy, Bayesian estimation, labor market, labor, workers, unemployment, labor force

This paper examines the macroeconomic interaction between informality and gender inequality in the labor market. A dynamic stochastic general equilibrium model is built to study the impact of gender-targeted polici...

What (Really) Accounts for the Fall in Hours After a Technology Shock?

What (Really) Accounts for the Fall in Hours After a Technology Shock? »

Volume/Issue: 2012/211

Series: IMF Working Papers

Author(s): Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

DOI: http://dx.doi.org/10.5089/9781475505610.001

ISBN: 9781475505610

Keywords: Firm entry and exit, Habit in consumption, Labor market frictions, Permanent technology shocks, Leontief production, Bayesian estimation., wages, wage, autocorrelation, standard deviation

The paper asks how state of the art DSGE models that account for the conditional response of hours following a positive neutral technology shock compare in a marginal likelihood race. To that end we construct and e...

Macroeconomic Impacts of Gender Inequality and Informality in India

Macroeconomic Impacts of Gender Inequality and Informality in India »

Source: Macroeconomic Impacts of Gender Inequality and Informality in India

Volume/Issue: 2016/16

Series: IMF Working Papers

Author(s): Purva Khera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2016

ISBN: 9781475590784

Keywords: gender inequality, informality, DSGE model, Indian economy, Bayesian estimation, labor market, labor, workers, unemployment, labor force

This paper examines the macroeconomic interaction between informality and gender inequality in the labor market. A dynamic stochastic general equilibrium model is built to study the impact of gender-targeted polici...

What (Really) Accounts for the Fall in Hours After a Technology Shock?

What (Really) Accounts for the Fall in Hours After a Technology Shock? »

Source: What (Really) Accounts for the Fall in Hours After a Technology Shock?

Volume/Issue: 2012/211

Series: IMF Working Papers

Author(s): Nooman Rebei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505610

Keywords: Firm entry and exit, Habit in consumption, Labor market frictions, Permanent technology shocks, Leontief production, Bayesian estimation., wages, wage, autocorrelation, standard deviation

The paper asks how state of the art DSGE models that account for the conditional response of hours following a positive neutral technology shock compare in a marginal likelihood race. To that end we construct and e...