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The Macroeconomic Effects of Migration from the New European Union Member States to the United Kingdom

The Macroeconomic Effects of Migration from the New European Union Member States to the United Kingdom »

Volume/Issue: 2007/61

Series: IMF Working Papers

Author(s): Dora Iakova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2007

DOI: http://dx.doi.org/10.5089/9781451866254.001

ISBN: 9781451866254

Keywords: new EU member states, free labor movement, dependency ratio, labor income, labor force, retirement, birth, Macroeconomics: Consumption, Saving, Production

The United Kingdom allowed workers from the ten new European Union member countries immediate access to its labor market after the accession in 2004. This paper uses a general equilibrium framework to explore the d...

Fiscal Policy Multipliers in Small States

Fiscal Policy Multipliers in Small States »

Volume/Issue: 2019/72

Series: IMF Working Papers

Author(s): Ali Alichi , Ippei Shibata , and Kadir Tanyeri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2019

DOI: http://dx.doi.org/10.5089/9781498303996.001

ISBN: 9781498303996

Keywords: Business cycles, Real interest rates, Exchange rate depreciation, Government consumption, Public investments, Government Spending, Fiscal Policy, Fiscal Multipliers., WEO, government investment

Government debt in many small states has risen beyond sustainable levels and some governments are considering fiscal consolidation. This paper estimates fiscal policy multipliers for small states using two distinct...

Transparency and Monetary Policy with Imperfect Common Knowledge

Transparency and Monetary Policy with Imperfect Common Knowledge »

Volume/Issue: 2010/91

Series: IMF Working Papers

Author(s): Mauro Roca

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781451982572.001

ISBN: 9781451982572

Keywords: Social Value of Public Information, price level, inflation, monetary authority, Macroeconomics and Monetary Economics: General, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)

Is it desirable that central banks be more transparent in the communication of sensible information when agents have diverse private information? In practice, there exists some consensus about the benefits of actin...

The Fiscal Implications of Climate Change

The Fiscal Implications of Climate Change »

Volume/Issue: 2008/006

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2008

DOI: http://dx.doi.org/10.5089/9781498334938.007

ISBN: 9781498334938

Keywords: Fiscal reforms, Fiscal stability, Oil production, Oil revenues, Public finance, Market interest rates, Tax revenue, Social safety nets, Consumption, Fiscal policy

This paper reviews the fiscal implications of climate change, and the potential role of the Fund in addressing them. It stresses that: The potential fiscal implications are immediate as well as lasting, and liab...

Fiscal Consolidation in the Euro Area: How Much Can Structural Reforms Ease the Pain?

Fiscal Consolidation in the Euro Area: How Much Can Structural Reforms Ease the Pain? »

Volume/Issue: 2013/211

Series: IMF Working Papers

Author(s): Derek Anderson , Benjamin Hunt , and Stephen Snudden

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 October 2013

Language: Russian

DOI: http://dx.doi.org/10.5089/9781475563993.001

ISBN: 9781475563993

Keywords: Fiscal consolidation, Euro Area, Fiscal policy, Fiscal reforms, Labor market reforms, Monetary policy, General equlibrium models, Structural reforms., real wages, public debt

The IMF's Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt ba...

Investment and Growth in the Arab World - A Scoping Note

Investment and Growth in the Arab World - A Scoping Note »

Volume/Issue: 2016/010

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2016

DOI: http://dx.doi.org/10.5089/9781498345682.007

ISBN: 9781498345682

Keywords: Cooperation Council for the Arab States of the Gulf, Economic growth, Employment, Fiscal reforms, Investment, Labor markets, Middle East and Central Asia, Private investment, Public investment, Consumption

Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have long been key policy challenges in Arab countries. Reflecting an improvement in policies and g...

Fundamental Determinants of the Effects of Fiscal Policy

Fundamental Determinants of the Effects of Fiscal Policy »

Volume/Issue: 2006/72

Series: IMF Working Papers

Author(s): Manmohan Kumar , and Dennis Botman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

DOI: http://dx.doi.org/10.5089/9781451863321.001

ISBN: 9781451863321

Keywords: spillover effects, tax reform, privatizing retirement saving; non-Ricardian model, taxation, labor income, private consumption, Open Economy Macroeconomics, International Policy Coordination and Transmission, Fiscal Policies and Behavior of Economic Agents: General, Social Security and Public Pensions

We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to...

Republic of Slovenia
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Slovenia

Republic of Slovenia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Slovenia »

Volume/Issue: 2019/58

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 February 2019

DOI: http://dx.doi.org/10.5089/9781484399514.002

ISBN: 9781484399514

Keywords: Structural fiscal balance, Central banks, Gross domestic product, Balance of payments, Social security, account surplus, output gap, percent of GDP, SOEs, Haver

A broad-based recovery continued in 2018, lowering unemployment, swinging the headline fiscal balance into surplus, and reducing the public debt ratio. Growth is expected to slow moderately to 3.4 percent in 2019,...

Uganda
			: Technical Assistance Report: Report on the Quarterly National Accounts Statistics Mission

Uganda : Technical Assistance Report: Report on the Quarterly National Accounts Statistics Mission »

Volume/Issue: 2017/298

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2017

DOI: http://dx.doi.org/10.5089/9781484321508.002

ISBN: 9781484321508

Keywords: National accounts, Statistics, Gross domestic product, Technical assistance missions, Technical Assistance Reports, Uganda, Price indexes, Gross capital formation, Construction services, Animal products

This Technical Assistance Report discusses technical advice and recommendations given by the IMF mission to the authorities of Uganda regarding finalization of the rebased GDP estimates for dissemination. For the e...

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...