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Searching with a thematic focus on Finance policy

Showing 4191-4200 of 4564 results

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• Document

  The IMF Monetary Model at Forty

  International Monetary Fund Working Papers, 1997

  This paper deals with the vicissitudes over a forty-year period, from 1957 to the present, of a model that was designed from the start with policy considerations uppermost in mind, that has been used consistently for policy purposes by the International Monetary Fund, and that has been adapted over time in the light of changes in the world economy and emerging views of policy priorities.
• Document

  Modeling the World Economic Outlook at the IMF - A Historical Review

  International Monetary Fund Working Papers, 1997

  The IMF.s World Economic Outlook (WEO) exercise originated with an informal discussion by the Executive Board in 1969. Within a few years, it became a regular agenda item for both the Board and the Interim Committee, and much of its development was driven by the policy concerns of those governing bodies.
• Document

  Intra-Industry Trade of Arab Countries: An Indicator of Potential Competitiveness

  International Monetary Fund Working Papers, 1997

  Arab countries today face prospects of trade liberalization as exemplified by the European Union Association Agreements. Whereas few short-term benefits are anticipated, increased competitiveness is expected to spur improvements to efficiency, stimulate foreign investment, generate growth possibilities, and present access to larger markets.
• Document

  The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions

  International Monetary Fund Working Papers, 1997

  Corporate taxation in the United States currently treats debt and equity financing of firms differently. Interest payments, unlike dividends, are deducted from the corporate income tax and, therefore, enjoy a tax advantage. Firms with higher corporate tax rates have an incentive to increase leverage.
• Document

  Foreign Exchange Risk Premium: Does Fiscal Policy Matter? Evidence from Italian Data

  International Monetary Fund Working Papers, 1997

  Economists and policymakers have long been interested in the effects of fiscal policies on exchange rates. In particular, for countries with large fiscal imbalances, it is often contended that fiscal policy may affect exchange rates through a .risk premium channel,.
• Document

  External Stability Under Alternative Nominal Exchange Rate Anchors: An Application to the GCC Countries

  International Monetary Fund Working Papers, 1997

  All member countries of the GCC effectively peg their currencies to the U.S. dollar.* This policy has been guided by the broad objectives of minimizing exchange risks for the private sector and ensuring stable exchange rates among the GCC member countries.
• Document

  The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities: A Quantitative Investigation

  International Monetary Fund Working Papers, 1997

  During the last 15 years, much effort was devoted to developing open-economy business cycle models with explicit microfoundations. With rare exceptions (discussed below), that literature considered models without money or in which money is neutral (or almost neutral), with prices and wages assumed fully flexible.
• Document

  Exchange Rate Regimes and Location

  International Monetary Fund Working Papers, 1997

  This paper investigates the effects of fixed versus flexible exchange rate regimes on the location choices of firms and on the degree of specialization of countries. In a two-country two-differentiated-goods monetary model, demand, supply, and monetary (and exchange rate) shocks arise after wages are set and prices are optimally chosen.
• Document

  Investment Implications of Selected WTO Agreements and the Proposed Multilateral Agreement on Investment (MAI)

  International Monetary Fund Working Papers, 1997

  The present multilateral legal framework on investment is patchy in coverage, biased in favor of certain flows, and ambiguous in its impact on investment. Increased investment and capital flows in the world economy have magnified the importance of a complete, neutral, and coherent legal framework to promote a more efficient allocation of world savings.
• Document

  Social Security Tax Reform and Unemployment: A General Equilibrium Analysis for France

  International Monetary Fund Working Papers, 1997

  The French authorities have introduced a number of reforms to their social security tax system that are designed to increase employment. In particular, social security contributions paid by employers for low-income workers were cut sizably.

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