France

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452733465
Size: 19.86 MB
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France from the Author: International Monetary Fund. This Selected Issues paper for France provides an analytical framework to explain the consequences of the downward shift in the unemployment/wages relationship. This framework is also used to analyze possible changes in the equilibrium unemployment rate resulting from cuts in employers’ social security contributions and movements in the user cost of capital. The contribution of wage moderation to the reduction in the equilibrium unemployment is quantified. The paper also addresses the question of fiscal benefits of job-rich growth in France during 1997–2000.

France Selected Issues

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 18.84 MB
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France Selected Issues from the Author: International Monetary Fund. U.S. shocks explain a large part of French output common components. This paper analyzes the economic implications of two alternative welfare financing reforms: a reduction in payroll taxes funded by an increase in consumption taxes, and the other funded by a new levy on business value added. The importance of financial market constraints and whether the recent mortgage market reform is likely to ease these constraints is assessed. Rechargeable mortgages are attractive and encourage collateralization, but bolder measures are needed to limit legal and other fees.

France Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498362095
Size: 72.44 MB
Format: PDF, Mobi
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France Selected Issues from the Author: International Monetary Fund. European Dept.. This Selected Issues paper reviews business investment patterns in France during the crisis. The main motivation is to explore whether investment has recently evolved in line with established determinants or displayed somewhat unconventional dynamics. This paper addresses three distinct questions. First, has recent investment behavior essentially been consistent with past trends or is there any discernible structural break as a result of the crisis. Second, what drove the contraction in investment during the crisis. Third, what is the investment outlook and can a swift and strong rebound going forward be expected. The paper presents main results and the outlook for investment.

France

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484361261
Size: 56.26 MB
Format: PDF, Mobi
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France from the Author: International Monetary Fund. European Dept.. This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the current account has deteriorated from a surplus of 1.2 percent of GDP in 2002 to a deficit of about 2.3 percent in 2012, as France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight improvement of the trade deficit seen in 2012 may suggest a change in trend, although it is still too early to determine. Past deterioration in export performance points to competitiveness weaknesses, rooted in significant rigidities in labor and product markets.

United Kingdom Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498380808
Size: 28.93 MB
Format: PDF, Mobi
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United Kingdom Selected Issues from the Author: International Monetary Fund. European Dept.. 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 discussions with government officials, is published at the option of the member country.

Luxembourg Selected Issues

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484378989
Size: 63.91 MB
Format: PDF, Mobi
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Luxembourg Selected Issues from the Author: International Monetary Fund. European Dept.. This Selected Issues Paper analyzes the fiscal position and significant challenges for Luxembourg. Luxembourg’s fiscal position is currently sound, however, fiscal safety buffers are being eroded. The country’s healthy fiscal position will be challenged by forthcoming revenue losses as well as rapid trend growth in expenditures. An overall strategy to address this coming deterioration is needed. Beyond the planned value-added tax increase, recurrent property taxes are a possible additional source of revenue. On expenditures, social benefits should be an area of focus, and reforms of these benefits should also aim to reduce disincentives to work.

Togo

Author: E. Harris
Publisher: International Monetary Fund
ISBN:
Size: 50.18 MB
Format: PDF
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Togo from the Author: E. Harris.