Anchoring Growth

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Anchoring Growth

Author : Ms.Era Dabla-Norris,Giang Ho,Ms.Kalpana Kochhar,Ms.Annette J Kyobe,Mr.Robert Tchaidze
Publisher : International Monetary Fund
Page : 36 pages
File Size : 49,9 Mb
Release : 2013-09-24
Category : Business & Economics
ISBN : 9781475524598

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Anchoring Growth by Ms.Era Dabla-Norris,Giang Ho,Ms.Kalpana Kochhar,Ms.Annette J Kyobe,Mr.Robert Tchaidze Pdf

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural reforms and supportive policy and institutional frameworks for boosting productivity–a key engine of economic growth–in the wake of the crisis. By examining a broad spectrum of reforms that eliminate impediments to growth, the paper will seek to highlight a differentiated policy agenda across countries.

Anchoring Growth

Author : Ms.Era Dabla-Norris,Giang Ho,Ms.Kalpana Kochhar,Ms.Annette J Kyobe,Mr.Robert Tchaidze
Publisher : International Monetary Fund
Page : 36 pages
File Size : 44,6 Mb
Release : 2013-09-24
Category : Business & Economics
ISBN : 9781616357290

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Anchoring Growth by Ms.Era Dabla-Norris,Giang Ho,Ms.Kalpana Kochhar,Ms.Annette J Kyobe,Mr.Robert Tchaidze Pdf

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural reforms and supportive policy and institutional frameworks for boosting productivity–a key engine of economic growth–in the wake of the crisis. By examining a broad spectrum of reforms that eliminate impediments to growth, the paper will seek to highlight a differentiated policy agenda across countries.

Inflation Anchoring and Growth: Evidence from Sectoral Data

Author : Sangyup Choi,Davide Furceri,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 38 pages
File Size : 51,9 Mb
Release : 2018-03-02
Category : Business & Economics
ISBN : 9781484344323

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Inflation Anchoring and Growth: Evidence from Sectoral Data by Sangyup Choi,Davide Furceri,Mr.Prakash Loungani Pdf

Central bankers often assert that low inflation and anchoring of inflation expectations are good for economic growth (Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 advanced and emerging market economies over the period 1990-2014. Inflation anchoring in each country is measured as the response of inflation expectations to inflation surprises (Levin et al., 2004). We find that credit constrained industries—those characterized by high external financial dependence and R&D intensity and low asset tangibility—tend to grow faster in countries with well-anchored inflation expectations. The results are robust to controlling for the interaction between these characteristics and a broad set of macroeconomic variables over the sample period, such as financial development, inflation, the size of government, overall economic growth, monetary policy counter-cyclicality and the level of inflation. Importantly, the results suggest that it is inflation anchoring and not the level of inflation per se that has a significant effect on average industry growth. Finally, the results are robust to IV techniques, using as instruments indicators of monetary policy transparency and independence.

Leveraging urbanization for inclusive development in Malawi: Anchoring the secondary city development of Salima and Chipoka in a modernizing fruit value chain

Author : De Weerdt, Joachim,Pienaar, Louw,Hami, Emmanuel,Durand, Wiltrud
Publisher : Intl Food Policy Res Inst
Page : 53 pages
File Size : 52,8 Mb
Release : 2023-06-16
Category : Political Science
ISBN : 8210379456XXX

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Leveraging urbanization for inclusive development in Malawi: Anchoring the secondary city development of Salima and Chipoka in a modernizing fruit value chain by De Weerdt, Joachim,Pienaar, Louw,Hami, Emmanuel,Durand, Wiltrud Pdf

Agricultural development in Malawi faces an important conundrum. While agriculture is the backbone of the economy, many smallholders will not be able to farm their way out of poverty. Shrinking farmland size severely limits the total income that can be earned from farming, even at much higher levels of productivity per area farmed than are now achieved. Urbanization embedded in the modernization of locally relevant value chains provides a promising pathway to inclusive development as it serves to simultaneously raise farm incomes, create income-earning opportunities off the farm, and create specialized urban hubs that can boost urban economic growth through agglomeration economies. After laying out these concepts conceptually, we apply them to a specific example of a modernizing mango value chain in Salima/Chipoka. Salima and Chipoka form an urban cluster about 100 km from the capital Lilongwe, located on the lakeshore of Lake Malawi. The Malawi Secondary Cities Plan has identified this cluster as one of eight that are to form an interconnected network of secondary cities, geographically spread across the country, with productive activities in each anchored in the economy of their rural hinterlands

Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies

Author : Ms. Era Dabla-Norris,Giang Ho,Ms. Kalpana Kochhar,Annette Kyobe,Mr. Robert Tchaidze
Publisher : INTERNATIONAL MONETARY FUND
Page : 36 pages
File Size : 43,8 Mb
Release : 2013-12-11
Category : Business & Economics
ISBN : 1475546874

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Anchoring Growth: The Importance of Productivity-Enhancing Reforms in Emerging Market and Developing Economies by Ms. Era Dabla-Norris,Giang Ho,Ms. Kalpana Kochhar,Annette Kyobe,Mr. Robert Tchaidze Pdf

Fostering and sustaining robust economic growth is an imperative across advanced, emerging, and low-income countries alike. Countries will need to focus on supply-side reforms to raise their potential output and anchor medium-term growth prospects. This SDN will emphasize the role of structural reforms and supportive policy and institutional frameworks for boosting productivity–a key engine of economic growth–in the wake of the crisis. By examining a broad spectrum of reforms that eliminate impediments to growth, the paper will seek to highlight a differentiated policy agenda across countries.

Anchoring Innovation Districts

Author : Costas Spirou
Publisher : JHU Press
Page : 257 pages
File Size : 46,5 Mb
Release : 2021-05-18
Category : Business & Economics
ISBN : 9781421440590

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Anchoring Innovation Districts by Costas Spirou Pdf

"This book draws on case studies that explore the role that technological innovation, guided by entrepreneurialism in higher education, can have on economic development and urban change. This framework of sociological analysis, with illustrative cases of successes and failures, provides insights into the transformational power of higher education in the built environment. The book's target audience includes university administrators, board members and regents, local and state government officials, and entrepreneurs"--

Wage Growth and Inflation in Europe: A Puzzle?

Author : Vizhdan Boranova,Raju Huidrom,Sylwia Nowak,Petia Topalova,Mr.Volodymyr Tulin,Richard Varghese
Publisher : International Monetary Fund
Page : 40 pages
File Size : 48,9 Mb
Release : 2019-12-20
Category : Business & Economics
ISBN : 9781513521275

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Wage Growth and Inflation in Europe: A Puzzle? by Vizhdan Boranova,Raju Huidrom,Sylwia Nowak,Petia Topalova,Mr.Volodymyr Tulin,Richard Varghese Pdf

Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations, greater competitive pressures, and robust corporate profitability. Thus the recent pickup in wage growth is likely to have a more muted impact on inflation than in the past.

Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock

Author : Mr.Rudolfs Bems,Francesca G Caselli,Mr.Francesco Grigoli,Bertrand Gruss
Publisher : International Monetary Fund
Page : 13 pages
File Size : 54,7 Mb
Release : 2019-03-27
Category : Business & Economics
ISBN : 9781498306058

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Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock by Mr.Rudolfs Bems,Francesca G Caselli,Mr.Francesco Grigoli,Bertrand Gruss Pdf

Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in the United States to study the reaction of 18 large emerging markets to an external shock, conditioning on their degree of inflation expectations' anchoring. We find that while the tapering announcement negatively affected growth prospects regardless of the level of anchoring, countries with weakly anchored inflation expectations experienced larger exchange rate pass-through to consumer prices, hence comparatively higher inflation. We conclude that efforts to improve the extent of anchoring of inflation expectations in emerging markets pay off, as they ease the trade-off that central banks face when external shocks weaken growth prospects and trigger currency depreciations.

Inflation Anchoring and Growth: Evidence from Sectoral Data

Author : Sangyup Choi,Davide Furceri,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 38 pages
File Size : 46,6 Mb
Release : 2018-03-02
Category : Business & Economics
ISBN : 9781484344200

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Inflation Anchoring and Growth: Evidence from Sectoral Data by Sangyup Choi,Davide Furceri,Mr.Prakash Loungani Pdf

Central bankers often assert that low inflation and anchoring of inflation expectations are good for economic growth (Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 advanced and emerging market economies over the period 1990-2014. Inflation anchoring in each country is measured as the response of inflation expectations to inflation surprises (Levin et al., 2004). We find that credit constrained industries—those characterized by high external financial dependence and R&D intensity and low asset tangibility—tend to grow faster in countries with well-anchored inflation expectations. The results are robust to controlling for the interaction between these characteristics and a broad set of macroeconomic variables over the sample period, such as financial development, inflation, the size of government, overall economic growth, monetary policy counter-cyclicality and the level of inflation. Importantly, the results suggest that it is inflation anchoring and not the level of inflation per se that has a significant effect on average industry growth. Finally, the results are robust to IV techniques, using as instruments indicators of monetary policy transparency and independence.

Structural Reform and Growth

Author : Kevin Greenidge,Mr.Meredith A. McIntyre,Hanlei Yun
Publisher : International Monetary Fund
Page : 32 pages
File Size : 53,5 Mb
Release : 2016-04-07
Category : Business & Economics
ISBN : 9781484321812

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Structural Reform and Growth by Kevin Greenidge,Mr.Meredith A. McIntyre,Hanlei Yun Pdf

Since the 1980’s with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade liberalization, financial liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the impact of institutional quality on growth for a sample of small states including the Caribbean. We concluded that the benefits of structural reforms are only seen over the long-term and in reinvigorating growth the reform effort needs to be revived and include greater attention to strengthening institutional quality.

Product Market Deregulation and Growth

Author : Romain Bouis,Mr.Romain A Duval,Johannes Eugster
Publisher : International Monetary Fund
Page : 26 pages
File Size : 49,8 Mb
Release : 2016-09-23
Category : Business & Economics
ISBN : 9781475540635

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Product Market Deregulation and Growth by Romain Bouis,Mr.Romain A Duval,Johannes Eugster Pdf

The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas, land transport, air transport, postal services, and telecommunications) in twenty-six countries spanning over three decades. The use of a threedimensional panel and careful instrumentation of reform shocks using external instruments enables us to control for economy-wide macroeconomic shocks and address possible sources of omitted variable bias more broadly. Using a local projection method, we find that major reductions in barriers to entry yield large increases in output and labor productivity over a five-year horizon, concomitant with a relative price decline. By contrast, there is only a weak positive effect on sectoral employment, and investment is essentially unaffected, suggesting that output gains from reform primarily reflect higher total factor productivity. It takes some time for these gains to materialize: effects become statistically significant two to three years after the reform, as prices start dropping, and productivity and output increase significantly. However, there is no evidence of any negative short-term cost from reform, including under weak macroeconomic conditions. These findings provide a clear case for intensifying product market reform efforts in advanced economies at the current juncture of weak growth.

Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth

Author : Sakai Ando,Koffie Ben Nassar
Publisher : International Monetary Fund
Page : 48 pages
File Size : 51,7 Mb
Release : 2017-09-19
Category : Business & Economics
ISBN : 9781484319277

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Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth by Sakai Ando,Koffie Ben Nassar Pdf

This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the potential payoffs in terms of growth from reforms could be large. The regression analysis in the paper shows that education and various structural reforms have potential to improve the efficiency of sectoral labor allocation.

Model Neural Networks and Behavior

Author : Allen Selverston
Publisher : Springer Science & Business Media
Page : 549 pages
File Size : 55,9 Mb
Release : 2013-06-29
Category : Computers
ISBN : 9781475758580

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Model Neural Networks and Behavior by Allen Selverston Pdf

The most conspicuous function of the nervous system is to control animal behav ior. From the complex operations of learning and mentation to the molecular con figuration of ionic channels, the nervous system serves as the interface between an animal and its environment. To study and understand the fundamental mecha nisms underlying the control of behavior, it is often both necessary and desirable to employ biological systems with characteristics especially suitable for answering specific questions. In neurobiology, many invertebrates have become established as model systems for investigations at both the systems and the cellular level. Large, readily identifiable neurons have made invertebrates especially useful for cellular studies. The fact that these neurons occur in much smaller numbers than those in higher animals also makes them important for circuit analysis. Although important differences exist, some of the questions that would be tech nically impossible to answer with vertebrates can become experimentally tractable with invertebrates.

Transit Development in Rock Mechanics

Author : Meifeng Cai,Yang Gengshe,Jin'an Wang
Publisher : CRC Press
Page : 823 pages
File Size : 51,7 Mb
Release : 2014-10-20
Category : Technology & Engineering
ISBN : 9781315722870

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Transit Development in Rock Mechanics by Meifeng Cai,Yang Gengshe,Jin'an Wang Pdf

Transit Development in Rock Mechanics Recognition, Thinking and Innovation contains 150 papers presented at the 3rd ISRM International Young Scholars Symposium on Rock Mechanics (8-10 November 2014, Xi an, China). The volume focusses on the transitional development in rock mechanics research from surface to underground mining and from shallow to a

Glycosylphosphatidylinositol (GPI) Anchoring of Proteins

Author : Anant Kumar Menon,Taroh Kinoshita,Peter A Orlean,Fuyuhiko Tamanoi
Publisher : Academic Press
Page : 500 pages
File Size : 45,7 Mb
Release : 2009-07-09
Category : Science
ISBN : 0080960952

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Glycosylphosphatidylinositol (GPI) Anchoring of Proteins by Anant Kumar Menon,Taroh Kinoshita,Peter A Orlean,Fuyuhiko Tamanoi Pdf

This volume of The Enzymes features high-caliber thematic articles on the topic of glycosylphosphatidylinositol (GPI) anchoring of proteins. * Contributions from leading authorities * Informs and updates on all the latest developments in the field