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VII An Empirical Investigation of the Macroeconomic Effects of Remittances

VII An Empirical Investigation of the Macroeconomic Effects of Remittances »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

This chapter presents an empirical examination of the macroeconomic effects of remittances on remittance-receiving economies. Much of the early work on remittances’ macroeconomic impacts was carried out with...

VIII Policy Implications

VIII Policy Implications »

Source: Macroeconomic Consequences of Remittances

Series: Occasional Papers

Author(s): Connel Fullenkamp , Thomas Cosimano , Michael Gapen , Ralph Chami , Peter Montiel , and Adolfo Barajas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2008

ISBN: 9781589067011

Keywords: Debt sustainability, Capital inflows, Economic models, Economic growth, Real effective exchange rates, Income, Migration, Labor markets, Workers remittances, remittances

The purpose of this chapter is to draw summary policy implications for countries that receive significant flows of remittances based on what the various facts, models, and arguments contained in the precedin...

Chapter 1 Introduction

Chapter 1 Introduction »

Source: Expenditure Composition and Economic Development in Benin

Series: Departmental Papers / Policy Papers

Author(s): Marco Pani , and Mohamed El Harrak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2010

ISBN: 9781455266364

Keywords: Civil service, Economic growth, Benin, Economic models, Government expenditures, Labor markets, Public sector, Public investment, Wage policy, Wages

In pursuit of their growth and development strategy, the Beninese authorities aim to step up public investment in infrastructure and human capital over the medium term (Table 1). Th...

Chapter 2 Methodology

Chapter 2 Methodology »

Source: Expenditure Composition and Economic Development in Benin

Series: Departmental Papers / Policy Papers

Author(s): Marco Pani , and Mohamed El Harrak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2010

ISBN: 9781455266364

Keywords: Civil service, Economic growth, Benin, Economic models, Government expenditures, Labor markets, Public sector, Public investment, Wage policy, Wages

The impact of the composition of expenditure on the country’s development objectives has been assessed on the basis of a stylized model of the Beninese economy that focuses on the s...

Chapter 3 Results

Chapter 3 Results »

Source: Expenditure Composition and Economic Development in Benin

Series: Departmental Papers / Policy Papers

Author(s): Marco Pani , and Mohamed El Harrak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2010

ISBN: 9781455266364

Keywords: Civil service, Economic growth, Benin, Economic models, Government expenditures, Labor markets, Public sector, Public investment, Wage policy, Wages

The results obtained show that public investment should have greater priority than increases in the public wage bill in the allocation of the limited resources available for public...

Chapter 4 Policy Implications and Conclusion

Chapter 4 Policy Implications and Conclusion »

Source: Expenditure Composition and Economic Development in Benin

Series: Departmental Papers / Policy Papers

Author(s): Marco Pani , and Mohamed El Harrak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 May 2010

ISBN: 9781455266364

Keywords: Civil service, Economic growth, Benin, Economic models, Government expenditures, Labor markets, Public sector, Public investment, Wage policy, Wages

The outcome of this analysis is subject to various limitations, not least associated with the scarcity of data and with the margin of error involved in assessing the performance of...

U.S. Consumption after the 2008 Crisis1

U.S. Consumption after the 2008 Crisis1 »

Source: U.S. Consumption after the 2008 Crisis

Volume/Issue: 2010/01

Series: IMF Staff Position Notes

Author(s): Jaewoo Lee , Pau Rabanal , and Damiano Sandri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2010

ISBN: 9781455222964

Keywords: Financial crisis, Economic models, Consumption, Economic forecasting, Demand, Private consumption, Private savings, Private sector, Global Financial Crisis 2008-2009, Household credit

U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U.S. consumption as a share of income since the 1980s. Combining econometric and simulation analy...

The Case for Global Fiscal Stimulus1

The Case for Global Fiscal Stimulus1 »

Source: The Case for Global Fiscal Stimulus

Volume/Issue: 2009/03

Series: IMF Staff Position Notes

Author(s): Jaewoo Lee , Douglas Laxton , Michael Kumhof , and Charles Freedman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 March 2009

ISBN: 9781455268368

Keywords: Financial sector, Financial crisis, Economic models, Central banks, Cross country analysis, Economic growth, Spillovers, Stabilization measures, Fiscal policy, Monetary policy

...

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies1

More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies1 »

Source: More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies

Volume/Issue: 2018/50

Series: IMF Working Papers

Author(s): Gee Hee Hong , Zsoka Koczan , Weicheng Lian , and Malhar Nabar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2018

ISBN: 9781484345351

Keywords: Economic models, Employment, Labor markets, Unemployment, Wage increases, Monetary policy, wage growth, involuntary part-time employment, Monetary Policy (Targets, Instruments

Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008-09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, i...

Expenditure Composition and Economic Development in Benin

Expenditure Composition and Economic Development in Benin »

Source: Expenditure Composition and Economic Development in Benin

Volume: 10

Series: Departmental Papers / Policy Papers

Author(s): Marco Pani , and Mohamed El Harrak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2010

Language: French

ISBN: 9781475507379

Keywords: Economic growth, Economic models, Government expenditures, Civil service, Labor markets, Public investment, Wage policy, wage, labor demand, unemployment

This paper analyzes expenditure composition and economic development in Benin. It addresses some specific issues on the basis of a stylized model of the Beninese economy that highlights the tradeoff between expendi...