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The Distributional Effects of Fiscal Consolidation

The Distributional Effects of Fiscal Consolidation »

Source: The Distributional Effects of Fiscal Consolidation

Volume/Issue: 2013/151

Series: IMF Working Papers

Author(s): Laurence Ball , Davide Furceri , Daniel Leigh , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 2013

ISBN: 9781475551945

Keywords: distributional effects, fiscal consolidation episodes, fiscal consolidations, fiscal adjustments, public debt, Equity, Justice, Inequality, and Other Normative Criteria and Measurement,

This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation h...

Precautionary Savings in the Great Recession

Precautionary Savings in the Great Recession »

Volume/Issue: 2012/42

Series: IMF Working Papers

Author(s): Ashoka Mody , Damiano Sandri , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463936433.001

ISBN: 9781463936433

Keywords: uncertainty, Great Recession, unemployment, disposable income, unemployment rate, income growth, labor income, Economic Growth of Open Economies,

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of...

Productivity or Employment
			: Is It a Choice?

Productivity or Employment : Is It a Choice? »

Volume/Issue: 2013/97

Series: IMF Working Papers

Author(s): Andrea De Michelis , Marcello Estevão , and Beth Anne Wilson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2013

DOI: http://dx.doi.org/10.5089/9781484331026.001

ISBN: 9781484331026

Keywords: employment performance, technology choices, tfp, recession, Technological Change: Choices and Consequences, General,

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply s...

The Distributional Effects of Fiscal Consolidation

The Distributional Effects of Fiscal Consolidation »

Volume/Issue: 2013/151

Series: IMF Working Papers

Author(s): Laurence Ball , Davide Furceri , Daniel Leigh , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 June 2013

DOI: http://dx.doi.org/10.5089/9781475551945.001

ISBN: 9781475551945

Keywords: distributional effects, fiscal consolidation episodes, fiscal consolidations, fiscal adjustments, public debt, Equity, Justice, Inequality, and Other Normative Criteria and Measurement,

This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation h...

The Wage-Price Spiral
			: Industrial Country Evidence and Implications

The Wage-Price Spiral : Industrial Country Evidence and Implications »

Volume/Issue: 2003/164

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

DOI: http://dx.doi.org/10.5089/9781451858013.001

ISBN: 9781451858013

Keywords: Wage-Price Spiral, Asymmetric Fluctuations, Output Effect, Standard of Living, wage, aggregate demand, inflation, wage-price, Output-Effect,

Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrat...

Precautionary Savings in the Great Recession

Precautionary Savings in the Great Recession »

Source: Precautionary Savings in the Great Recession

Volume/Issue: 2012/42

Series: IMF Working Papers

Author(s): Ashoka Mody , Damiano Sandri , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

ISBN: 9781463936433

Keywords: uncertainty, Great Recession, unemployment, disposable income, unemployment rate, income growth, labor income, Economic Growth of Open Economies,

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of...

Productivity or Employment

Productivity or Employment »

Source: Productivity or Employment : Is It a Choice?

Volume/Issue: 2013/97

Series: IMF Working Papers

Author(s): Andrea De Michelis , Marcello Estevão , and Beth Anne Wilson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2013

ISBN: 9781484331026

Keywords: employment performance, technology choices, tfp, recession, Technological Change: Choices and Consequences, General,

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply s...

The Wage-Price Spiral

The Wage-Price Spiral »

Source: The Wage-Price Spiral : Industrial Country Evidence and Implications

Volume/Issue: 2003/164

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

ISBN: 9781451858013

Keywords: Wage-Price Spiral, Asymmetric Fluctuations, Output Effect, Standard of Living, wage, aggregate demand, inflation, wage-price, Output-Effect,

Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. The evidence illustrat...