 | How to Gain the Most from Structural Conditionality of IMF-Supported Programs Author/Editor: Jochen R Andritzky, Zsuzsa Munkacsi, Ke Wang. Release Date:May, 2021 Mobile money services have rapidly expanded across emerging and developing economies and enabled new ways through which households and firms can conduct payments, save and send remittances. We more...
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| A Framework for Assessing the Costs of Pension Reform Reversals Author/Editor: Daniel Baksa, Zsuzsa Munkacsi, Carolin Nerlich. Release Date:July, 2020 Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows more...
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| The Macroeconomic Effects of Labor and Product Market Reforms in Morocco Author/Editor: Babacar Sarr, Mokhtar Benlamine, Zsuzsa Munkacsi. Release Date:October, 2019 This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 more...
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| More Gray, More Volatile? Aging and (Optimal) Monetary Policy Author/Editor: Daniel Baksa, Zsuzsa Munkacsi. Release Date:September, 2019 The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation. Based on advanced economies’ data and a DSGE-OLG model, we find that aging more...
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| Structural Reform Packages, Sequencing, and the Informal Economy Author/Editor: Zsuzsa Munkacsi, Magnus Saxegaard. Release Date:May, 2017 This paper explores the macroeconomic impacts of labor and product market deregulation
using a small open-economy model with formal and informal markets. We examine both the
long-run more...
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