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Lucas vs. Lucas

Lucas vs. Lucas »

Source: Lucas vs. Lucas : On Inequality and Growth

Volume/Issue: 2007/17

Series: IMF Working Papers

Author(s): Juan Carlos Cordoba , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2007

ISBN: 9781451865813

Keywords: Welfare costs, inequality, social welfare, country inequality, welfare function, welfare measures, Distribution, General Aggregative Models, Consumption, Saving

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving th...

The Intensive Margin in Trade

The Intensive Margin in Trade »

Source: The Intensive Margin in Trade

Volume/Issue: 2018/259

Series: IMF Working Papers

Author(s): Ana Fernandes , Peter Klenow , Sergii Meleshchuk , Martha Denisse Pierola , and Andres Rodriguez-Clare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

ISBN: 9781484386170

Keywords: Welfare, Intensive margin of trade, extensive margin of trade, productivity distribution, trade costs, Pareto, General, Models of Trade with Imperfect Competition and Scale Economies

The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 count...

Aid Scaling Up

Aid Scaling Up »

Source: Aid Scaling Up : Do Wage Bill Ceilings Stand in the Way?

Volume/Issue: 2006/106

Series: IMF Working Papers

Author(s): Annalisa Fedelino , Gerd Schwartz , and Marijn Verhoeven

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

ISBN: 9781451863666

Keywords: IMF conditionality, aid scaling up, MDGs, wage, salaries, civil service, government wages, National Government Expenditures and Welfare Programs, Wages, Compensation

This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are of...

Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances

Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances »

Source: Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances

Volume/Issue: 2012/38

Series: IMF Working Papers

Author(s): Bertrand Gruss , and Jose L. Torres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463933814

Keywords: growth, entrepreneurs, entrepreneurial ability, Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data), Fiscal Policies and Behavior of Economic Agents: General

In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that...

Trade and Industrial Location with Heterogeneous Labor

Trade and Industrial Location with Heterogeneous Labor »

Source: Trade and Industrial Location with Heterogeneous Labor

Volume/Issue: 2004/103

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852721

Keywords: Agglomeration, matching, spatial mismatch, interregional trade, trade costs, skilled workers, free trade, Models of Trade with Imperfect Competition and Scale Economies, Labor Contracts, Size and Spatial Distributions of Regional Economic Activity

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly p...

Lucas vs. Lucas
			: On Inequality and Growth

Lucas vs. Lucas : On Inequality and Growth »

Volume/Issue: 2007/17

Series: IMF Working Papers

Author(s): Juan Carlos Cordoba , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2007

DOI: http://dx.doi.org/10.5089/9781451865813.001

ISBN: 9781451865813

Keywords: Welfare costs, inequality, social welfare, country inequality, welfare function, welfare measures, Distribution, General Aggregative Models, Consumption, Saving

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving th...

The Intensive Margin in Trade

The Intensive Margin in Trade »

Volume/Issue: 2018/259

Series: IMF Working Papers

Author(s): Ana Fernandes , Peter Klenow , Sergii Meleshchuk , Martha Denisse Pierola , and Andres Rodriguez-Clare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

DOI: http://dx.doi.org/10.5089/9781484386170.001

ISBN: 9781484386170

Keywords: Welfare, Intensive margin of trade, extensive margin of trade, productivity distribution, trade costs, Pareto, General, Models of Trade with Imperfect Competition and Scale Economies

The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 count...

Aid Scaling Up
			: Do Wage Bill Ceilings Stand in the Way?

Aid Scaling Up : Do Wage Bill Ceilings Stand in the Way? »

Volume/Issue: 2006/106

Series: IMF Working Papers

Author(s): Annalisa Fedelino , Gerd Schwartz , and Marijn Verhoeven

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

DOI: http://dx.doi.org/10.5089/9781451863666.001

ISBN: 9781451863666

Keywords: IMF conditionality, aid scaling up, MDGs, wage, salaries, civil service, government wages, National Government Expenditures and Welfare Programs, Wages, Compensation

This paper assesses whether the scaling up of aid and the resulting increase in government spending that is needed to meet the Millennium Development Goals (MDGs) would be hampered by wage bill ceilings that are of...

Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances

Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances »

Volume/Issue: 2012/38

Series: IMF Working Papers

Author(s): Bertrand Gruss , and Jose L. Torres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463933814.001

ISBN: 9781463933814

Keywords: growth, entrepreneurs, entrepreneurial ability, Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data), Fiscal Policies and Behavior of Economic Agents: General

In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that...

Trade and Industrial Location with Heterogeneous Labor

Trade and Industrial Location with Heterogeneous Labor »

Volume/Issue: 2004/103

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

DOI: http://dx.doi.org/10.5089/9781451852721.001

ISBN: 9781451852721

Keywords: Agglomeration, matching, spatial mismatch, interregional trade, trade costs, skilled workers, free trade, Models of Trade with Imperfect Competition and Scale Economies, Labor Contracts, Size and Spatial Distributions of Regional Economic Activity

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly p...