Imf Economic Review最新文献

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Public Employment Agency Reform, Matching Efficiency, and German Unemployment 公共职业机构改革、匹配效率与德国失业
2区 经济学
Imf Economic Review Pub Date : 2023-06-14 DOI: 10.1057/s41308-023-00201-2
Christian Merkl, Timo Sauerbier
{"title":"Public Employment Agency Reform, Matching Efficiency, and German Unemployment","authors":"Christian Merkl, Timo Sauerbier","doi":"10.1057/s41308-023-00201-2","DOIUrl":"https://doi.org/10.1057/s41308-023-00201-2","url":null,"abstract":"Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment. Based on two microeconomic datasets, we show that the market share of the Federal Employment Agency as job intermediary declined after the Hartz reforms. We propose a macroeconomic model of the labor market with a private and a public search channel and fit the model to various dimensions of the data. We show that direct intermediation activities of the Federal Employment Agency did not contribute to the decline in unemployment in Germany. By contrast, improved activation of unemployed workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is associated with a larger matching efficiency.","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135916828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Equity Home Bias in a Capital Market Union 资本市场联盟中的股权本土偏好
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2023-03-01 DOI: 10.1057/s41308-023-00197-9
M. Sihvonen
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引用次数: 0
Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk 国外脆弱性,国内风险:风险gdp的全球驱动因素
2区 经济学
Imf Economic Review Pub Date : 2023-02-10 DOI: 10.1057/s41308-023-00199-7
Simon Lloyd, Ed Manuel, Konstantin Panchev
{"title":"Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk","authors":"Simon Lloyd, Ed Manuel, Konstantin Panchev","doi":"10.1057/s41308-023-00199-7","DOIUrl":"https://doi.org/10.1057/s41308-023-00199-7","url":null,"abstract":"We study how foreign financial developments influence the conditional distribution of domestic GDP growth. We propose a method to account for foreign vulnerabilities using bilateral-exposure weights when assessing downside macroeconomic risks within quantile regressions. For an advanced-economy panel, we show that tighter foreign financial conditions and faster foreign credit-to-GDP growth are associated with a more severe left-tail of domestic GDP growth, even controlling for domestic indicators. Incorporating foreign variables improves estimates of domestic GDP-at-Risk, both in and out of sample. Decomposing GDP-at-Risk into domestic and foreign origins, we show that foreign shocks are a key driver of domestic macroeconomic tail risks.","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136096907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Is to Forgive to Forget? Sovereign Risk in the Aftermath of Private or Official Debt Restructurings 原谅就是忘记?私人或官方债务重组后的主权风险
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2023-02-01 DOI: 10.1057/s41308-023-00198-8
S. Marchesi, T. Masi, Pietro Bomprezzi
{"title":"Is to Forgive to Forget? Sovereign Risk in the Aftermath of Private or Official Debt Restructurings","authors":"S. Marchesi, T. Masi, Pietro Bomprezzi","doi":"10.1057/s41308-023-00198-8","DOIUrl":"https://doi.org/10.1057/s41308-023-00198-8","url":null,"abstract":"","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"1 1","pages":"1 - 43"},"PeriodicalIF":4.3,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45414178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inattentive Search for Currency Fundamentals 漫不经心地搜索货币基本面
2区 经济学
Imf Economic Review Pub Date : 2023-01-14 DOI: 10.1057/s41308-022-00195-3
Agnieszka P. Markiewicz, Ralph C. Verhoeks, Willem F. C. Verschoor, Remco C. J. Zwinkels
{"title":"Inattentive Search for Currency Fundamentals","authors":"Agnieszka P. Markiewicz, Ralph C. Verhoeks, Willem F. C. Verschoor, Remco C. J. Zwinkels","doi":"10.1057/s41308-022-00195-3","DOIUrl":"https://doi.org/10.1057/s41308-022-00195-3","url":null,"abstract":"","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135788788","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Tariff Reductions, Heterogeneous Firms, and Welfare: Theory and Evidence for 1990–2010 关税削减、异质企业和福利:1990–2010年的理论和证据
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2023-01-11 DOI: 10.1057/s41308-022-00194-4
Lorenzo Caliendo, R. Feenstra, John Romalis, Alan M. Taylor
{"title":"Tariff Reductions, Heterogeneous Firms, and Welfare: Theory and Evidence for 1990–2010","authors":"Lorenzo Caliendo, R. Feenstra, John Romalis, Alan M. Taylor","doi":"10.1057/s41308-022-00194-4","DOIUrl":"https://doi.org/10.1057/s41308-022-00194-4","url":null,"abstract":"","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"1 1","pages":"1-35"},"PeriodicalIF":4.3,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44306156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Capital Controls Checkup: Cases, Customs, Consequences 资本管制检查:案例,海关,后果
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2022-11-22 DOI: 10.1057/s41308-022-00193-5
Stefan Goldbach, Volker Nitsch
{"title":"Capital Controls Checkup: Cases, Customs, Consequences","authors":"Stefan Goldbach, Volker Nitsch","doi":"10.1057/s41308-022-00193-5","DOIUrl":"https://doi.org/10.1057/s41308-022-00193-5","url":null,"abstract":"<p>This paper examines the effect of administrative restrictions on cross-border capital transactions. Using highly disaggregated data from the German balance of payments statistics for the period from 1999 through 2017, we document several stylized facts about the effectiveness of such capital control policies introduced by other countries. Capital controls are associated with economically and statistically significant declines in capital flows; they affect bilateral financial relationships along both the extensive and the intensive margin.</p>","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"42 ","pages":""},"PeriodicalIF":4.3,"publicationDate":"2022-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138518686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Profit Shifting, Returns on Foreign Direct Investments and Investment Income Imbalances 利润转移、外国直接投资回报与投资收益失衡
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2022-11-09 DOI: 10.1057/s41308-022-00191-7
V. Vicard
{"title":"Profit Shifting, Returns on Foreign Direct Investments and Investment Income Imbalances","authors":"V. Vicard","doi":"10.1057/s41308-022-00191-7","DOIUrl":"https://doi.org/10.1057/s41308-022-00191-7","url":null,"abstract":"","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"71 1","pages":"369-414"},"PeriodicalIF":4.3,"publicationDate":"2022-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42583763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Foreign Exchange Intervention: A New Database 外汇干预:一个新的数据库
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2022-10-22 DOI: 10.1057/s41308-022-00190-8
Marcel Fratzscher, Tobias Heidland, Lukas Menkhoff, Lucio Sarno, Maik Schmeling
{"title":"Foreign Exchange Intervention: A New Database","authors":"Marcel Fratzscher, Tobias Heidland, Lukas Menkhoff, Lucio Sarno, Maik Schmeling","doi":"10.1057/s41308-022-00190-8","DOIUrl":"https://doi.org/10.1057/s41308-022-00190-8","url":null,"abstract":"<p>We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. This new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that neither publish their data nor make them available to researchers. Moreover, we provide evidence on how foreign exchange interventions are used in conjunction with capital controls and macroprudential policy.</p>","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"112 4","pages":""},"PeriodicalIF":4.3,"publicationDate":"2022-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138518668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Dominant Role of Large Firms in Profit Shifting 大企业在利润转移中的主导作用
IF 4.3 2区 经济学
Imf Economic Review Pub Date : 2022-10-21 DOI: 10.1057/s41308-022-00180-w
Ludvig Wier, H. Erasmus
{"title":"The Dominant Role of Large Firms in Profit Shifting","authors":"Ludvig Wier, H. Erasmus","doi":"10.1057/s41308-022-00180-w","DOIUrl":"https://doi.org/10.1057/s41308-022-00180-w","url":null,"abstract":"","PeriodicalId":47177,"journal":{"name":"Imf Economic Review","volume":"71 1","pages":"791-816"},"PeriodicalIF":4.3,"publicationDate":"2022-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"58659571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
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