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Benchmark Priors Revisited

Benchmark Priors Revisited »

Source: Benchmark Priors Revisited : On Adaptive Shrinkage and the Supermodel Effect in Bayesian Model Averaging

Volume/Issue: 2009/202

Series: IMF Working Papers

Author(s): Martin Feldkircher , and Stefan Zeugner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873498

Keywords: Bayesian model averaging, hyper-g prior, shrinkage factor, Zellner&;amp;#x2019;s g prior, model uncertainty, growth econometrics, noise, probabilities, statistics, bayes factor

Default prior choices fixing Zellner's g are predominant in the Bayesian Model Averaging literature, but tend to concentrate posterior mass on a tiny set of models. The paper demonstrates this supermodel effect and...

Do Fiscal Spillovers Matter?

Do Fiscal Spillovers Matter? »

Source: Do Fiscal Spillovers Matter?

Volume/Issue: 2011/211

Series: IMF Working Papers

Author(s): Sebastian Weber , and Anna Ivanova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463902315

Keywords: coordinated fiscal exit, fiscal changes, fiscal consolidation, fiscal measure, Macroeconomic Aspects Of International Trade And Finance, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, general Aggregative Models,

The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggr...

Stock Market Development and Corporate Finance Decisions

Stock Market Development and Corporate Finance Decisions »

Source: Finance & Development, June 1996

Volume/Issue: 33/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451952681

Keywords: gas, oil and gas, gas projects, oil and gas sector, gas sector

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

Romania

Romania »

Source: Romania : Statistical Appendix

Volume/Issue: 1998/123

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1998

ISBN: 9781451832693

Keywords: lead, gas, copper, iron

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Japan: 2011 Spillover Report—Selected Issues

Japan: 2011 Spillover Report—Selected Issues »

Source: Japan : Spillover Report for the 2011 Article IV Consultation and Selected Issues

Volume/Issue: 2011/183

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2011

ISBN: 9781462328451

Keywords: interest rates, lead, trading partners, supply chain

Japan's position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a major intermediator of global capital flows. The current macroeconomic environment is conducive t...

Turkmenistan

Turkmenistan »

Source: Turkmenistan : Background Paper and Statistical Appendix

Volume/Issue: 1995/27

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 1995

ISBN: 9781451837209

Keywords: gas, wage, minimum wage, wages

This Background Paper and Statistical Appendix for Turkmenistan examines the developments since November 1993, when the manat was introduced as the national currency. Developments in the real sector and systemic re...

Ukraine's Gas Arrears

Ukraine's Gas Arrears »

Source: Ukraine's Gas Arrears : Issues and Recommendations

Volume/Issue: 1996/3

Series: IMF Policy Discussion Papers

Author(s): Amer Bisat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1996

ISBN: 9781451974010

Keywords: gas, gas import, local distribution, gas distribution, gas sector

This paper discusses issues related to the gas arrears ‘crisis’ in Ukraine. It concludes that the problem, which can be traced to policy distortions, can be contained through an acceleration of struct...

Taxes and Tradable Permits As Instruments for Controlling Pollution

Taxes and Tradable Permits As Instruments for Controlling Pollution »

Source: Taxes and Tradable Permits As Instruments for Controlling Pollution : Theory and Practice

Volume/Issue: 2000/13

Series: IMF Working Papers

Author(s): John Norregaard , and Valerie Reppelin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

ISBN: 9781451842999

Keywords: Environmental taxes, tradable permits, emission, pollution, emission tax, emission taxes

This paper examines the relative merits of two dominant economic instruments for reducing pollution—”green” taxes and tradable permits. Theoretically, the two instruments share many similaritie...

Turkmenistan

Turkmenistan »

Source: Turkmenistan : Recent Economic Developments

Volume/Issue: 1996/30

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 1996

ISBN: 9781451837216

Keywords: gas, minimum wage, interest rates, benefits, pollution

This paper reviews economic developments in Turkmenistan during 1992-96. There was a general strengthening of centralized controls during 1993-95 to protect international reserves. Monetary and exchange rate polici...

Public Policy and the Enviroment

Public Policy and the Enviroment »

Source: Public Policy and the Enviroment : Survey of the Literature

Volume/Issue: 1990/56

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1990

ISBN: 9781451968057

Keywords: environmental degradation, pollution, environment, environmental protection, environmental problems

This paper notes that market failure, policy failures, and population pressures are major sources of environmental degradation and that linkages between economic activities and the environment exist at the levels o...