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IMF Executive Board Discusses Euro Area Policies »
Source: Euro Area Policies : Staff Report
Volume/Issue: 2005/265
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 August 2005
ISBN: 9781451813012
Keywords: interest rates, structural reforms, economic outlook
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared f...
Euro Area Policies: Staff Report »
Source: Euro Area Policies : Staff Report
Volume/Issue: 2005/265
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 August 2005
ISBN: 9781451813012
Keywords: interest rates, structural reforms, economic outlook
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared f...
A New Database of Financial Reforms »
Source: IMF Staff Papers, Volume 57, No. 2
Volume: 57
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 June 2010
ISBN: 9781589069121
Keywords: financial liberalization, financial sector, reserve requirements, interest rate controls, financial reforms
This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an ind...
Unemployment and Productivity in the Long Run »
Source: Unemployment and Productivity in the Long Run : the Role of Macroeconomic Volatility
Volume/Issue: 2010/259
Series: IMF Working Papers
Author(s): Paolo Surico , Luca Ricci , and Pierpaolo Benigno
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2010
ISBN: 9781455209590
Keywords: macroeconomic volatility, downward wage rigidities, unemployment rate, employment, unemployment rates, rate of unemployment, Macroeconomics and Monetary Economics: General, Macroeconomics: Consumption, Saving, Production
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run produc...