IMF Staff Papers, Volume 54, No. 3

May 30, 2007

Summary

This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work absence in 18 European countries affects labor supply and demand. And a paper by Paolo Manasse (University of Bologna) entitled "Deficit Limits and Fiscal Rules for Dummies" examines fiscal frameworks.

Subject: Commodity markets, Employment, Financial markets, Housing, Income inequality, Labor, Labor market regulations, National accounts

Keywords: balance sheet, central bank, Commodity markets, deficit limit, deficit-output ratio, Employment, Europe, Global, Housing, Income inequality, Labor market regulations, Middle East, reaction function, saving rate, sickness absence, SP, Sub-Saharan Africa

Pages:
211
Volume:
2007
DOI:
https://doi.org/10.5089/9781589066519.024
Issue:
001
Series:
IMF Staff Papers No. 2007/001
Stock No:
SPIEA2007003
ISBN:
9781589066519
ISSN:
1020-7635

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IMF Staff Papers