This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. In this paper, the IMF’s new Global Economy Model (GEM) is us...

We provide new evidence on business cycle fluctuations in skewed labor income risk the United States, Germany, Sweden, and France. document four results. First, all countries, skewness of individual growth is strongly procyclical, whereas its variance flat acyclical. Second, this result also holds for continuously employed, full-time workers, indicating that hours margin not main driver; additi...

The challenge for stabilization policy presented by the COVID-19 pandemic stems above all from disruption of circular flow payments, resulting in a failure what Keynes (1936) calls “effective demand.” As consequence, economic activity many sectors can be inefficiently low, and interest-rate cannot eliminate distortions—not because limit on extent to which interest rates reduced, but reductions ...

This paper uses a risk-shifting model to analyze policy responses asset price booms. We show risk shifting leads inefficient and credit booms in which prices can exceed fundamentals. However, the inefficiencies associated with arise independently of whether is bubble. Given evidence shifting, policymakers may not need determine if assets are bubbles justify intervention. then that some main can...

Changes in global development benchmarks, the gradual depletion of natural resources, as well climatic changes are forcing economic actors around world to look for alternative methods energy production. The transition them can be difficult due high cost produced and pressure from states corporations specializing extraction classical sources. article is devoted study renewable energy. uses a sta...

You have accessJournal of UrologyTrauma/Reconstruction/Diversion: Urethral Reconstruction (including Stricture, Diverticulum) I (MP03)1 Sep 2021MP03-05 OPIOID ALTERNATIVE OUTPATIENT MALE ANTERIOR URETHROPLASTY PAIN PATHWAY: EVIDENCE FOR CHANGE Bridget Findlay, Elizabeth Bearrick, Kevin Hebert, Matthew Ziegelmann, Katherine Theisen, and Boyd Viers FindlayBridget Findlay More articles by this aut...

Laser powder bed fusion (L-PBF) has the potential to be applied in production of titanium aircraft components with good mechanical properties, provided technology been qualified and accepted aviation industry. To achieve acceptance L-PBF industry, property data needed for qualification process must generated according testing standards. The impact toughness Ti6Al4V extra low interstitial (ELI) ...

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history shocks, what economists refer to as “hysteresis,” argues for unifying analysis cycles. In this paper, we review recent empirical theoretical literature that motivates paradigm shift. The renewed interest in hysteresis (or “scarring” parlance) has sparked by pe...