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Competitiveness and Wage Bargaining Reform in Italy1

Competitiveness and Wage Bargaining Reform in Italy1 »

Source: Competitiveness and Wage Bargaining Reform in Italy

Volume/Issue: 2018/61

Series: IMF Working Papers

Author(s): Alvar Kangur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2018

ISBN: 9781484347621

Keywords: Europe, Exports, Italy, Labor costs, competitiveness, exchange rate, labor market reforms, wage bargaining, search and matching, DSGE models

The growth of Italian exports has lagged that of euro area peers. Against the backdrop of unit labor costs that have risen faster than those in euro area peers, this paper examines whether there is a competitivenes...

Adjustment in Euro Area Deficit Countries

Adjustment in Euro Area Deficit Countries »

Source: Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies

Volume/Issue: 2014/7

Series: Staff Discussion Notes

Author(s): Thierry Tressel , Shengzu Wang , Joong Kang , Jay Shambaugh , Jörg Decressin , and Petya Koeva Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498373814

Keywords: European Economic and Monetary Union, Europe, Euro Area, Current account deficits, Crisis, Current account, Rebalancing, Competitiveness, External stability, Labor market

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area 'deficit economies' (Greece, Ireland, Portugal, and Spain)...

Growth Accounting and Growth Processes

Growth Accounting and Growth Processes »

Volume/Issue: 1996/116

Series: IMF Working Papers

Author(s): Jahangir Aziz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

DOI: http://dx.doi.org/10.5089/9781451942354.001

ISBN: 9781451942354

Keywords: growth accounting, marginal product, competitive markets, market structure, growth rates

The standard growth accounting framework, which weights various inputs by their factor shares to measure their contributions to output growth, is known to underestimate the contribution of inputs in the presence of...

Kingdom of the Netherlands-Netherlands Selected Issues

Kingdom of the Netherlands-Netherlands Selected Issues »

Volume/Issue: 2005/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2005

DOI: http://dx.doi.org/10.5089/9781451829518.002

ISBN: 9781451829518

Keywords: competitiveness, euro, labor costs, labor productivity, world market

This Selected Issues paper for the Netherlands highlights that Dutch cost competitiveness deteriorated significantly in the years prior to 2004. The relatively poor economic performance during the new millennium co...

Measuring Price Competitiveness for Industrial Country Trade in Manufactures

Measuring Price Competitiveness for Industrial Country Trade in Manufactures »

Volume/Issue: 1987/34

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 1987

DOI: http://dx.doi.org/10.5089/9781451978704.001

ISBN: 9781451978704

Keywords: competitiveness, internal trade, trade data, aggregate trade, export markets

This paper describes the methods used by the Research Department to construct the indicators of price competitiveness, or real effective exchange rates, published for 17 industrial countries in International Financ...

Availability of Financial Soundness Indicators

Availability of Financial Soundness Indicators »

Volume/Issue: 2003/58

Series: IMF Working Papers

Author(s): Graham Slack

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

DOI: http://dx.doi.org/10.5089/9781451847888.001

ISBN: 9781451847888

Keywords: dissemination, compilation guide, capital adequacy, banking, banking crises, crisis countries, competitiveness, Financial Markets and the Macroeconomy,

Because the wave of financial crises in recent years has spurred analysts' and policymakers' interest in monitoring the vulnerabilities of financial systems, the need for supporting data has increased. This paper p...

Assessing the Impact of a Change in the Composition of Public Spending
			: A DSGE Approach

Assessing the Impact of a Change in the Composition of Public Spending : A DSGE Approach »

Volume/Issue: 2007/168

Series: IMF Working Papers

Author(s): Ivan Tchakarov , and Roland Straub

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

DOI: http://dx.doi.org/10.5089/9781451867329.001

ISBN: 9781451867329

Keywords: Public consumption, DSGE models, private investment, private capital, competitive markets, budget constraint,

Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activi...

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms »

Volume/Issue: 2018/283

Series: IMF Working Papers

Author(s): Jorge Salas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2018

DOI: http://dx.doi.org/10.5089/9781484386941.001

ISBN: 9781484386941

Keywords: Employment, Europe, Export competitiveness, Export growth, Developed countries, Labor market reforms, Spain, Cross-country analysis, Competitiveness, Employment Protection

Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand...

Assessing Competitiveness Using Industry Unit Labor Costs
			: An Application to Slovakia

Assessing Competitiveness Using Industry Unit Labor Costs : An Application to Slovakia »

Volume/Issue: 2012/107

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

DOI: http://dx.doi.org/10.5089/9781475503289.001

ISBN: 9781475503289

Keywords: competitiveness, exchange rate, exchange rate misalignment, real exchange rate, exchange rates, Trade and Labor Market Interactions, Slovakia,

Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical...

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics
			: Many Paths to the Same Endpoint

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics : Many Paths to the Same Endpoint »

Volume/Issue: 2013/169

Series: IMF Working Papers

Author(s): Joong Kang , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2013

DOI: http://dx.doi.org/10.5089/9781475594270.001

ISBN: 9781475594270

Keywords: current account deficit, transfer, income balance, competitiveness, domestic boom, export performance, current account, merchandise export, reer, export market

Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the crisis revolve around two main factors: deteriorating export performance or demand driven booms. W...