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The Negative Mean Output Gap

The Negative Mean Output Gap »

Volume/Issue: 2019/183

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

DOI: http://dx.doi.org/10.5089/9781513511740.001

ISBN: 9781513511740

Keywords: Accounting systems, Bank rates, Bond yields, Business cycles, Capital, Capital stocks, Central banking, Central banks, Consumption, Cost of capital

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns...

The Negative Mean Output Gap

The Negative Mean Output Gap »

Source: The Negative Mean Output Gap

Volume/Issue: 2019/183

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

ISBN: 9781513511740

Keywords: Accounting systems, Bank rates, Bond yields, Business cycles, Capital, Capital stocks, Central banking, Central banks, Consumption, Cost of capital

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns...

Fiscal Buffers for Natural Disasters in Pacific Island Countries1

Fiscal Buffers for Natural Disasters in Pacific Island Countries1 »

Source: Fiscal Buffers for Natural Disasters in Pacific Island Countries

Volume/Issue: 2019/152

Series: IMF Working Papers

Author(s): Hidetaka Nishizawa , Scott Roger , and Huan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

ISBN: 9781498320801

Keywords: Access to foreign markets, Accounting, Accounting standards, Agriculture, Aid flows, Balance of payments, Bank deposits, Bank financing, Banks, Bonds

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spend...

Fiscal Buffers for Natural Disasters in Pacific Island Countries

Fiscal Buffers for Natural Disasters in Pacific Island Countries »

Volume/Issue: 2019/152

Series: IMF Working Papers

Author(s): Hidetaka Nishizawa , Scott Roger , and Huan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

DOI: http://dx.doi.org/10.5089/9781498320801.001

ISBN: 9781498320801

Keywords: Access to foreign markets, Accounting, Accounting standards, Agriculture, Aid flows, Balance of payments, Bank deposits, Bank financing, Banks, Bonds

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spend...

IMF Executive Board Completes Second Review Under the Extended Fund Facility for Jordan

IMF Executive Board Completes Second Review Under the Extended Fund Facility for Jordan »

Source: Jordan : Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2019/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

ISBN: 9781498313841

Keywords: Fiscal policy, Unemployment, Public debt, Credit, Monetary policy, NEPCO, CBJ, Proj, overall balance, performance criterion

Since completion of the first review, Jordan has preserved macroeconomic stability in a most difficult environment. It has weathered a series of severe and highly persistent shocks, including regional conflicts, do...

Jordan
			: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Jordan : Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan »

Volume/Issue: 2019/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

DOI: http://dx.doi.org/10.5089/9781498313841.002

ISBN: 9781498313841

Keywords: Fiscal policy, Unemployment, Public debt, Credit, Monetary policy, NEPCO, CBJ, Proj, overall balance, performance criterion

Since completion of the first review, Jordan has preserved macroeconomic stability in a most difficult environment. It has weathered a series of severe and highly persistent shocks, including regional conflicts, do...

Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan

Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan »

Source: Jordan : Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2019/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

ISBN: 9781498313841

Keywords: Fiscal policy, Unemployment, Public debt, Credit, Monetary policy, NEPCO, CBJ, Proj, overall balance, performance criterion

Since completion of the first review, Jordan has preserved macroeconomic stability in a most difficult environment. It has weathered a series of severe and highly persistent shocks, including regional conflicts, do...

Statement by Sami Geadah, Alternate Executive Director for Jordan May 1, 2019

Statement by Sami Geadah, Alternate Executive Director for Jordan May 1, 2019 »

Source: Jordan : Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2019/127

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2019

ISBN: 9781498313841

Keywords: Fiscal policy, Unemployment, Public debt, Credit, Monetary policy, NEPCO, CBJ, Proj, overall balance, performance criterion

Since completion of the first review, Jordan has preserved macroeconomic stability in a most difficult environment. It has weathered a series of severe and highly persistent shocks, including regional conflicts, do...

The Gambia: Request for a Staff-monitored Program—Debt Sustainability Analysis

The Gambia: Request for a Staff-monitored Program—Debt Sustainability Analysis »

Source: The Gambia : Request for a Staff-Monitored Program; Press Release and Staff Report

Volume/Issue: 2019/128

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2019

ISBN: 9781498313919

Keywords: Fiscal policy, Public debt, Debt sustainability, Debt management, Debt relief, SOEs, primary balance, domestic revenue, debt-to-GDP, DSA

The Gambia is enjoying a strong economic recovery, with good prospects of sustained growth over the medium term. In the two years since the government of President Barrow took office, The Gambia's economy has rebou...

The Gambia: Request For a Staff–Monitored Program— Press Release and Staff Report

The Gambia: Request For a Staff–Monitored Program— Press Release and Staff Report »

Source: The Gambia : Request for a Staff-Monitored Program; Press Release and Staff Report

Volume/Issue: 2019/128

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2019

ISBN: 9781498313919

Keywords: Fiscal policy, Public debt, Debt sustainability, Debt management, Debt relief, SOEs, primary balance, domestic revenue, debt-to-GDP, DSA

The Gambia is enjoying a strong economic recovery, with good prospects of sustained growth over the medium term. In the two years since the government of President Barrow took office, The Gambia's economy has rebou...