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Commodity Price Volatility and Inclusive Growth in Low-Income Countries / / Rabah Arezki, Catherine Pattillo, Marc Quintyn, Min Zhu
| Commodity Price Volatility and Inclusive Growth in Low-Income Countries / / Rabah Arezki, Catherine Pattillo, Marc Quintyn, Min Zhu |
| Autore | Arezki Rabah |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (409 p.) |
| Disciplina | 338.52091724 |
| Altri autori (Persone) |
PattilloCatherine
QuintynMarc ZhuMin |
| Soggetto topico |
Economic development - Developing countries
Prices - Developing countries Investments: Energy Labor Macroeconomics Public Finance Natural Resources Agricultural and Natural Resource Economics Environmental and Ecological Economics: General Aggregate Factor Income Distribution Commodity Markets Fiscal Policy Macroeconomics: Consumption Saving Wealth Agriculture: Aggregate Supply and Demand Analysis Prices Environmental management Investment & securities Labour income economics Public finance & taxation Natural resources Income inequality Consumption Fiscal policy Oil Environment National accounts Commodities Food prices Income distribution Economics |
| ISBN |
1-4755-1633-9
1-4755-4519-3 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Essays on commodity price volatility and inclusive growth / Josette Sheeran, Joseph E. Stiglitz -- Introduction / Rabah Arezki ... [et al.] -- The natural resource curse : a survey of diagnoses and some prescription / Jeffrey A. Frankel -- The political economy of petroleum wealth in low-income countries : some policy alternatives / Michael L. Ross -- Commodity price volatility : impact and policy challenges for low-income countries / Hugh Bredenkamp and Julia Bersch -- How should emerging market and low-income country central banks respond to commodity price shocks? / Rahul Anan and Eswar S. Prasad -- Savings and investment decisions in resource-rich low-income countries / Paul Collier -- Fiscal policy for commodity-exporting countries : Chile's experience / Klaus Schmidt-Hebbel -- What is inclusive growth? / Elena Ianchovichina and Susanna Lundstrom Gable -- Inclusive growth in natural resource : intensive economies / Andrew M. Warner -- Inequality and unsustainable growth : two sides of the same coin? / Andrew G. Berg and Jonathan D. Ostry -- Commodity price volatility, poverty, and growth inclusiveness in Sub-Saharan African countries / François Bourguignon -- Natural resources, volatility, and inclusive growth : perspectives from the Middle East and North Africa / Rabah Arezki and Mustapha K. Nabli -- Inclusive growth in Sub-Saharan Africa : evidence from six countries during the recent high-growth period / Rodrigo Garcia-Verdu, Abebe Aemro Selassie, and Alun Thomas -- Distributional consequences and policy responses to food price inflation in developing Asia / Shikha Jha and Changyong Rhee -- Mexico's oil price-hedging program / Javier Duclaud and Gerardo García -- Food price volatility : an international policy challenge? / Pierre Jacquet -- Trade distortions and food price surges / Will Martin and Kym Anderson -- The role of transparency and civil society in managing commodities for inclusive growth and development / Antonie Heuty. |
| Record Nr. | UNINA-9910827462703321 |
Arezki Rabah
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho
| Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho |
| Autore | Bems Rudolfs |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (40 p.) |
| Altri autori (Persone) | de Carvalho FilhoIrineu |
| Collana | IMF Working Papers |
| Soggetto topico |
Saving and investment - Mathematical models
Nonrenewable natural resources - Econometric models Exports and Imports Macroeconomics Natural Resources Nonrenewable Resources and Conservation: General Macroeconomics: Consumption Saving Wealth Current Account Adjustment Short-term Capital Movements Environmental management International economics Non-renewable resources Precautionary savings Current account Consumption Current account balance Natural resources Saving and investment Balance of payments Economics |
| ISBN |
1-4623-6082-3
1-4527-7126-X 9786612842559 1-4518-7180-5 1-282-84255-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Modeling Framework; A. Small Open Endowment Economy; B. Optimal Solution; Deterministic case, εt = 0; Stochastic case, εt > 0; III. Parameterization and Baseline Model Results; A. Model Parameterization; B. Baseline Model Results; Norway; Other exporters of exhaustible resources; IV. Sensitivity Analysis; A. Preference Parameters; B. Growth in Non-Exhaustible Resource Output; C. Path and Lifespan of Exhaustible Resource Extraction; D. Process for Exhaustible Resource Prices; V. Extension to Time-Series of Optimal outcomes; A. Setup and Parameterization
B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data |
| Record Nr. | UNINA-9910788347603321 |
|
Bems Rudolfs
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho
| Current Account and Precautionary Savings for Exporters of Exhaustible Resources / / Rudolfs Bems, Irineu de Carvalho Filho |
| Autore | Bems Rudolfs |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (40 p.) |
| Disciplina | 332.024;332.02401 |
| Altri autori (Persone) | de Carvalho FilhoIrineu |
| Collana | IMF Working Papers |
| Soggetto topico |
Saving and investment - Mathematical models
Nonrenewable natural resources - Econometric models Exports and Imports Macroeconomics Natural Resources Nonrenewable Resources and Conservation: General Macroeconomics: Consumption Saving Wealth Current Account Adjustment Short-term Capital Movements Environmental management International economics Non-renewable resources Precautionary savings Current account Consumption Current account balance Natural resources Saving and investment Balance of payments Economics |
| ISBN |
1-4623-6082-3
1-4527-7126-X 9786612842559 1-4518-7180-5 1-282-84255-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Modeling Framework; A. Small Open Endowment Economy; B. Optimal Solution; Deterministic case, εt = 0; Stochastic case, εt > 0; III. Parameterization and Baseline Model Results; A. Model Parameterization; B. Baseline Model Results; Norway; Other exporters of exhaustible resources; IV. Sensitivity Analysis; A. Preference Parameters; B. Growth in Non-Exhaustible Resource Output; C. Path and Lifespan of Exhaustible Resource Extraction; D. Process for Exhaustible Resource Prices; V. Extension to Time-Series of Optimal outcomes; A. Setup and Parameterization
B. ResultsVI. Conclusions; References; Appendix A: Solution Method (case of n=0); Tables; 1. Country-Specific Model Parameters and Initial Values; 2. Optimal 2006 Current Accounts in the Baseline Model; 3. Summary of Sensitivity Analysis for Current Account Components; 4. Optimal Current Account with Constant Extraction Quantities; Figures; 1. Output Volatility and Oil Balance; 2. Projected Production of Liquids (oil and gas); 3. Optimal Model Solution for Norway, t0=2006; 4. 'Output at Risk': Expected Share of Exhaustible Resource Revenues in GDP 5. Actual and Model-Based 2006 Current Account Balances (in percent of GDP)6. Price of Exhaustible Resources, in 2006 Dollars; 7. Proven Reserves of Oil and Gas for Norway; 8. Time-Series of Optimal Outcomes for Norway, t0={1975, 1976,; 9. Comparison of Norway's CA and NFA in the Model and Data |
| Record Nr. | UNINA-9910827088903321 |
|
Bems Rudolfs
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Cyprus : : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director
| Cyprus : : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (130 p.) |
| Disciplina | 338.9 |
| Collana | IMF Staff Country Reports |
| Soggetto topico |
Economic development - Cyprus
Economic indicators - Cyprus Fiscal policy - Cyprus Structural adjustment (Economic policy) - Cyprus Banks and Banking Macroeconomics Money and Monetary Policy Public Finance Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Monetary Policy, Central Banking, and the Supply of Money and Credit: General Taxation, Subsidies, and Revenue: General Debt Debt Management Sovereign Debt Macroeconomics: Consumption Saving Wealth Institutions and the Macroeconomy Banking Public finance & taxation Monetary economics Finance Credit Revenue administration Public debt Loans Money Nonperforming loans Financial institutions Banks and banking Revenue Debts, Public |
| ISBN |
1-4755-3712-3
1-4843-4778-1 1-4843-4784-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. Recent Economic Developments; 2. Labor Market; 3. External Indicators; 4. Recent Fiscal Developments; 5. Financial Sector Developments; MACROECONOMIC OUTLOOK; BOXES; 1. A Credit-less Recovery?; POLICY DISCUSSIONS; A. Financial Sector Policy-Addressing NPLs and Normalizing Payment Flows; 2. Cooperative Credit Sector Restructuring Strategy; 3. Private Sector Debt Restructuring: Main Issues; B. Fiscal Policy-Maintaining Fiscal Prudence; C. Structural Fiscal Reforms-Stepping-Up the Reform Momentum
PROGRAM MODALITIES AND FINANCINGSTAFF APPRAISAL; 6. External Debt Sustainability: Bound Tests; 7. Public Debt Sustainability Analysis: Risk Assessment; 8. Public Debt Sustainability Analysis: Realism of Baseline Assumptions; 9. Public Sector Debt Sustainability Analysis: Baseline Scenario; 10. Public Debt Sustainability Analysis: Composition of Public Debt and Alternative Scenarios; 11. Public Debt Sustainability Analysis: Stress Tests; TABLES; 1. Selected Economic Indicators, 2008-20; 2. Fiscal Developments and Projections, 2008-20 3. Calculation of Gross Financing Requirements and Sources of Financing, 2013-174. Balance of Payments, 2008-20; 5. External Financing Requirements and Sources, 2012-2020; 6. Monetary Survey, 2008-20; 7. Indicators of Fund Credit, 2010-20; 8. Schedule of Reviews and Purchases; 9. External Debt Sustainability Framework, 2008-2020; 10. Restrictive Measures on Transactions; 11. Selected Reforms: Measures Completed; 12. MEFP Commitments; 13. Conditionality for the Third Review; APPENDIX; 1. Letter of Intent; Attachments; 1. Memorandum of Economic and Financial Policies 2. Technical Memorandum of Understanding3. Memorandum of Understanding on Specific Economic Policy Conditionality (European Commission) |
| Record Nr. | UNINA-9910791042903321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Cyprus : : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director
| Cyprus : : Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2014 |
| Descrizione fisica | 1 online resource (130 p.) |
| Disciplina | 338.9 |
| Collana | IMF Staff Country Reports |
| Soggetto topico |
Economic development - Cyprus
Economic indicators - Cyprus Fiscal policy - Cyprus Structural adjustment (Economic policy) - Cyprus Banks and Banking Macroeconomics Money and Monetary Policy Public Finance Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Monetary Policy, Central Banking, and the Supply of Money and Credit: General Taxation, Subsidies, and Revenue: General Debt Debt Management Sovereign Debt Macroeconomics: Consumption Saving Wealth Institutions and the Macroeconomy Banking Public finance & taxation Monetary economics Finance Credit Revenue administration Public debt Loans Money Nonperforming loans Financial institutions Banks and banking Revenue Debts, Public |
| ISBN |
1-4755-3712-3
1-4843-4778-1 1-4843-4784-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. Recent Economic Developments; 2. Labor Market; 3. External Indicators; 4. Recent Fiscal Developments; 5. Financial Sector Developments; MACROECONOMIC OUTLOOK; BOXES; 1. A Credit-less Recovery?; POLICY DISCUSSIONS; A. Financial Sector Policy-Addressing NPLs and Normalizing Payment Flows; 2. Cooperative Credit Sector Restructuring Strategy; 3. Private Sector Debt Restructuring: Main Issues; B. Fiscal Policy-Maintaining Fiscal Prudence; C. Structural Fiscal Reforms-Stepping-Up the Reform Momentum
PROGRAM MODALITIES AND FINANCINGSTAFF APPRAISAL; 6. External Debt Sustainability: Bound Tests; 7. Public Debt Sustainability Analysis: Risk Assessment; 8. Public Debt Sustainability Analysis: Realism of Baseline Assumptions; 9. Public Sector Debt Sustainability Analysis: Baseline Scenario; 10. Public Debt Sustainability Analysis: Composition of Public Debt and Alternative Scenarios; 11. Public Debt Sustainability Analysis: Stress Tests; TABLES; 1. Selected Economic Indicators, 2008-20; 2. Fiscal Developments and Projections, 2008-20 3. Calculation of Gross Financing Requirements and Sources of Financing, 2013-174. Balance of Payments, 2008-20; 5. External Financing Requirements and Sources, 2012-2020; 6. Monetary Survey, 2008-20; 7. Indicators of Fund Credit, 2010-20; 8. Schedule of Reviews and Purchases; 9. External Debt Sustainability Framework, 2008-2020; 10. Restrictive Measures on Transactions; 11. Selected Reforms: Measures Completed; 12. MEFP Commitments; 13. Conditionality for the Third Review; APPENDIX; 1. Letter of Intent; Attachments; 1. Memorandum of Economic and Financial Policies 2. Technical Memorandum of Understanding3. Memorandum of Understanding on Specific Economic Policy Conditionality (European Commission) |
| Record Nr. | UNINA-9910819497203321 |
| Washington, D.C. : , : International Monetary Fund, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
A Debt Overhang Model for Low-Income Countries : : Implications for Debt Relief / / Junko Koeda
| A Debt Overhang Model for Low-Income Countries : : Implications for Debt Relief / / Junko Koeda |
| Autore | Koeda Junko |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (24 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Debt relief
Debt Exports and Imports Financial Risk Management Macroeconomics Industries: Financial Services Production and Operations Management Debt Management Sovereign Debt International Lending and Debt Problems Production Cost Capital and Total Factor Productivity Capacity Macroeconomics: Consumption Saving Wealth Banks Depository Institutions Micro Finance Institutions Mortgages Finance International economics Debt burden Total factor productivity Consumption Loans Debts, External Industrial productivity Economics |
| ISBN |
1-4623-4374-0
1-4527-3298-1 1-282-44798-X 9786613821171 1-4519-0937-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. Introduction""; ""II. Theoretical Literature""; ""III. Empirical Motivation""; ""IV. The Model""; ""V. Implications for Debt Relief""; ""VI. Conclusions"" |
| Record Nr. | UNINA-9910788523703321 |
|
Koeda Junko
|
||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
A Debt Overhang Model for Low-Income Countries : : Implications for Debt Relief / / Junko Koeda
| A Debt Overhang Model for Low-Income Countries : : Implications for Debt Relief / / Junko Koeda |
| Autore | Koeda Junko |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (24 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Debt relief
Debt Exports and Imports Financial Risk Management Macroeconomics Industries: Financial Services Production and Operations Management Debt Management Sovereign Debt International Lending and Debt Problems Production Cost Capital and Total Factor Productivity Capacity Macroeconomics: Consumption Saving Wealth Banks Depository Institutions Micro Finance Institutions Mortgages Finance International economics Debt burden Total factor productivity Consumption Loans Debts, External Industrial productivity Economics |
| ISBN |
1-4623-4374-0
1-4527-3298-1 1-282-44798-X 9786613821171 1-4519-0937-3 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. Introduction""; ""II. Theoretical Literature""; ""III. Empirical Motivation""; ""IV. The Model""; ""V. Implications for Debt Relief""; ""VI. Conclusions"" |
| Record Nr. | UNINA-9910821267803321 |
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Koeda Junko
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| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Deciding to Enter a Monetary Union : : TheRole of Trade and Financial Linkages / / Ruy Lama, Pau Rabanal
| Deciding to Enter a Monetary Union : : TheRole of Trade and Financial Linkages / / Ruy Lama, Pau Rabanal |
| Autore | Lama Ruy |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (53 p.) |
| Altri autori (Persone) | RabanalPau |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary unions
International trade Banks and Banking Exports and Imports Financial Risk Management Foreign Exchange Macroeconomics Money and Monetary Policy Monetary Policy Open Economy Macroeconomics International Policy Coordination and Transmission International Business Cycles Financial Aspects of Economic Integration Macroeconomics: Consumption Saving Wealth Interest Rates: Determination, Term Structure, and Effects Financial Crises Monetary Systems Standards Regimes Government and the Monetary System Payment Systems International economics Finance Currency Foreign exchange Economic & financial crises & disasters Monetary economics Consumption Interest rate parity Real exchange rates Financial crises Economic integration National accounts Financial services Currencies Money Economics Interest rates |
| ISBN |
1-4755-1226-0
1-4755-1225-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; 1. Introduction; 2. The Model; 2.1 Households, International Assets Markets, and Staggered Wage Setting; 2.2 Firms; 2.3 Closing the Model; 3. Bayesian Estimation; 3.1 Data; 3.2 Model Dynamics and Data Transformations; 3.3 Estimation: Priors and Posteriors; Tables; Table 1 Calibrated Parameters; Table 2 Prior Distributions; Table 3 Posterior Distributions, structural parameters; Table 4 Posterior Distributions, shocks parameters; 4. Policy Analysis: Welfare Gains of Entering a Monetary Union; Table 5 Second Moments; Table 6 Steady State Effects and Welfare Gains
Table 7 Business Cycle Effects and Welfare Gains5. Sensitivity Analysis; 6. Conclusions; Technical Appendix; References; Figures; Figure 1 Monetary Policy Rates in United Kingdom and the Euro Area: 1999-2011; Figure 2 Trade with Euro Area in France, Germany, Italy, Spain and the United Kingdom; Figure 3 Risk Premium in France, Italy, Spain the United Kingdom; Figure 4 Impulse Response Functions to 25 basis points increase in UIP Shock; Figure 5 Sensitivity Analysis of Welfare |
| Record Nr. | UNINA-9910786481403321 |
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Lama Ruy
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Deciding to Enter a Monetary Union : : TheRole of Trade and Financial Linkages / / Ruy Lama, Pau Rabanal
| Deciding to Enter a Monetary Union : : TheRole of Trade and Financial Linkages / / Ruy Lama, Pau Rabanal |
| Autore | Lama Ruy |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (53 p.) |
| Disciplina | 332.152 |
| Altri autori (Persone) | RabanalPau |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary unions
International trade Banks and Banking Exports and Imports Financial Risk Management Foreign Exchange Macroeconomics Money and Monetary Policy Monetary Policy Open Economy Macroeconomics International Policy Coordination and Transmission International Business Cycles Financial Aspects of Economic Integration Macroeconomics: Consumption Saving Wealth Interest Rates: Determination, Term Structure, and Effects Financial Crises Monetary Systems Standards Regimes Government and the Monetary System Payment Systems International economics Finance Currency Foreign exchange Economic & financial crises & disasters Monetary economics Consumption Interest rate parity Real exchange rates Financial crises Economic integration National accounts Financial services Currencies Money Economics Interest rates |
| ISBN |
1-4755-1226-0
1-4755-1225-2 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; 1. Introduction; 2. The Model; 2.1 Households, International Assets Markets, and Staggered Wage Setting; 2.2 Firms; 2.3 Closing the Model; 3. Bayesian Estimation; 3.1 Data; 3.2 Model Dynamics and Data Transformations; 3.3 Estimation: Priors and Posteriors; Tables; Table 1 Calibrated Parameters; Table 2 Prior Distributions; Table 3 Posterior Distributions, structural parameters; Table 4 Posterior Distributions, shocks parameters; 4. Policy Analysis: Welfare Gains of Entering a Monetary Union; Table 5 Second Moments; Table 6 Steady State Effects and Welfare Gains
Table 7 Business Cycle Effects and Welfare Gains5. Sensitivity Analysis; 6. Conclusions; Technical Appendix; References; Figures; Figure 1 Monetary Policy Rates in United Kingdom and the Euro Area: 1999-2011; Figure 2 Trade with Euro Area in France, Germany, Italy, Spain and the United Kingdom; Figure 3 Risk Premium in France, Italy, Spain the United Kingdom; Figure 4 Impulse Response Functions to 25 basis points increase in UIP Shock; Figure 5 Sensitivity Analysis of Welfare |
| Record Nr. | UNINA-9910814616103321 |
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Lama Ruy
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Dissecting Saving Dynamics : : Measuring Wealth, Precautionary, and Credit Effects / / Christopher Carroll, Martin Sommer, Jiri Slacalek
| Dissecting Saving Dynamics : : Measuring Wealth, Precautionary, and Credit Effects / / Christopher Carroll, Martin Sommer, Jiri Slacalek |
| Autore | Carroll Christopher |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (48 p.) |
| Altri autori (Persone) |
SommerMartin
SlacalekJiri |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Saving and investment
Wealth Labor Macroeconomics Money and Monetary Policy Macroeconomics: Consumption Saving Business Fluctuations Cycles Personal Income, Wealth, and Their Distributions Monetary Policy, Central Banking, and the Supply of Money and Credit: General Unemployment: Models, Duration, Incidence, and Job Search Aggregate Factor Income Distribution Monetary economics Labour income economics Credit Disposable income Unemployment Income Personal income Money National accounts National income |
| ISBN |
1-4755-7926-8
1-4755-1366-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; Figures; 1. Personal Saving Rate in 2007-2011 and Previous Recessions; II. Theory: Target Wealth and Credit Conditions; 2. Consumption Function (Stable Arm of Phase Diagram); 3. A Wealth Shock; 4. Relaxation of a Natural Borrowing Constraint from 0 to h; 5. Dynamics of the Saving Rate after an Increase in Unemployment Risk; III. Data and Measurement Issues; 6. Net Worth-Disposable Income Ratio; 7. The Credit Easing Accumulated (CEA) Index; 8. Unemployment Risk E[sub(t)]u[sub(t+4)] and Unemployment Rate (Percent); IV. Reduced-Form Saving Regressions
A. Baseline Estimates 9. The Fit of the Baseline Model and the Time Trend-Actual and Fitted PSR (Percent of Disposable Income); B. Robustness Checks; 10. The Fit of the Baseline Model and the Model with Full Controls (of Table 2)-Actual and Fitted PSR (Percent of Disposable Income); C. Sub-Sample Stability; D. Saving Rate Decompositions; V. Structural Estimation; A. Estimation Procedure; B. Results; 11. Extent of Credit Constraints mt (Fraction of Quarterly Disposable Income); 12. Per Quarter Permanent Unemployment Risk Ω[sub(t)] 13. Fit of the Structural Model-Actual and Fitted PSR (Percent of Disposable Income)14. Decomposition of Fitted PSR (Percent of Disposable Income); VI. Conclusions; 15. Alternative Measures of Credit Availability; 16. Growth of Real Disposable Income (Percent); 17. Personal Saving Rate (Percent of Disposable Income); Tables; 1. Preliminary Saving Regressions and the Time Trend; 2. Additional Saving Regressions I.-Robustness to Explanatory Variables; 3. Additional Saving Regressions II.-Sub-sample Stability; 4. Personal Saving Rate-Actual and Explained Change, 2007-2010 5. Calibration and Structural Estimates6. Preliminary Saving Regressions and the Time Trend-Saving Rate Generated by the Structural Model; 7. Univariate Properties of Disposable Income and Personal Saving Rate; 8. Campbell (1987) Saving for a Rainy Day Regressions; References |
| Record Nr. | UNINA-9910786485303321 |
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Carroll Christopher
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| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Soggetto topico
-
Macroeconomics: Consumption
(229)
- Saving (229)
- Wealth (229)
- Macroeconomics (227)
- Economics (206)