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Asia and Pacific > Thailand

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Unemployment: Models, Duration, Incidence, and Job Search x
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Cover IMF Staff Country Reports
Philippines: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper discusses reasons behind rise of inflation in Philippines. The paper focuses on inflation developments and the monetary policy framework in the Philippines. It employs a global latent factor model to decompose inflation into common drivers and idiosyncratic factors for a sample of 62 countries. Based on these results, it then models inflation in different regions and presents the single country, single equation model and conducts out of sample forecasts to determine consistency with the medium-term inflation target. The common factors modeling of inflation suggests that inflation in the Philippines depends on world commodity price developments and movements in the US dollar effective exchange rate. However, theory suggests that domestic cyclical conditions also matter. We assess the importance of these variables by estimating a Phillips curve augmented by world commodity prices and the nominal exchange rate for 2000–2013. Using the Akaike-Schwartz criterion, the optimal lag length is found to be four. Given the potential for serial correlation and heteroskedasticity, we use the Newey-West standard errors to find the consistent estimates.
Keywords:
ISCR; CR; Philippines; bank; enterprise; thrift bank; bank penetration; enterprise survey; employment growth; microfinance loan; funding cost; Inflation; Employment; Unemployment; Labor force; Credit; Global; Asia and Pacific; Middle East; North Africa; Sub-Saharan Africa; East Africa
Cover International Finance and Financial Crises
International Finance and Financial Crises
Essays in Honor of Robert P. Flood Jr.

Abstract

This book contains the proceedings of a conference held in honor of Robert P. Flood Jr. Contributors to the conference were invited to address many of the topics that Robert Flood has explored including regime switching, speculative attacks, bubbles, stock market voloatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. The results, contained in this volume, include five papers on topics in international finance.

Keywords:
BOOK; MSV solution; creditor-country government; inflation expectation; foreign exchange risk premium; rate of return; Return on investment; Inflation; Foreign direct investment; Conventional peg; Wages; Global; Asia and Pacific; East Asia
Cover IMF Policy Discussion Papers
Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia
Marijn Verhoeven
,
Mr. Sanjeev Gupta
,
Mr. Gerd Schwartz
,
Mr. Calvin A McDonald
,
Željko Bogetic
, and
Mr. Christian Schiller
This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries—Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment. The current social policy measures adopted in the reform programs should provide significant social safety nets for the poor. However, if the social impact turns out to be larger than projected, it would be worthwhile to assess cost-effective and efficient alternatives for expanding social safety nets. The paper presents some options that could be considered.
Keywords:
PDP; Indonesia; Thailand; price; price increase; poverty; social safety nets; social impact; Asia; poverty line; income share; PPP terms; per capita income; household expenditure data; nominal wage; price change; income distribution; Inflation; Income; Unemployment; Consumption; Household consumption; Asia and Pacific
Cover IMF Staff Papers
IMF Staff papers: Volume 44 No. 1
International Monetary Fund. Research Dept.
This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.
Keywords:
SP; paper number; dependent variables in equation; CVD petition; Visa credit cards; priority mail delivery; Labor markets; Total factor productivity; Production growth; Productivity; Unemployment rate; Europe; East Asia; Asia and Pacific; Baltics; North America