The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on the G-20, the euro area, and emerging market economies, this paper outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks.
... identifies strategies that have been successfully used to expedite the planning and environmental review of transportation and some nontransportation projects within the context of existing laws and regulations. The report also identifies 16 common constraints on project delivery and 24 strategies for addressing or avoiding the constraints. While the strategies and constraints are associated with planning and environmental review, many of the strategies are also applicable to design and construction. Results of SHRP 2 Report S2-C19-RR-1 have been incorporated into the Transportation for Communities-Advancing Projects through Partnerships (TCAPP) website."--Provided by publisher.
Although the idea that politics is influenced by its cultural setting is so plausible as to be almost irresistible, political culture has remained a contested and controversial concept. Just what the cultural setting consists of and how its influence on politics is transmitted remain unclear and disputed. This book argues that the problem is insufficient attention to basic theoretical questions. Positivist political culture research based on attitude surveys, and the interpretivist alternative which explores meaningful context, despite their mutual antipathy share a neglect of these questions, while materialist and discursivist critiques of, and alternatives to, political culture research end up posing the very same questions. Resisting the specialization and sectarianism of much of political and social science, the book tackles head on the questions of what political culture is and how it works. It begins by arguing that we must explore the nature and dynamics of political culture. To do this it is necessary to reach beyond political science and reopen the interdisciplinary exchange in which political culture research was founded. The book reaches into the philosophy of Ludwig Wittgenstein and Michael Polanyi for foundational arguments about the nature of culture, and into social, cognitive, and cultural psychology for findings about human motivation which are radical in their implications for political culture research and its methods. It develops a dualistic theory of political culture, and uses the two dimensions of practice and discourse in a new analysis of the otherwise mysterious causal dynamics of political culture. It provides an explanation of what has hitherto only been asserted: the role played by political culture in both political stability and political change. Thus it restores a rigorously argued concept of political culture to a central place in political science, and suggests an agenda for its future development.
Stephen Hanson traces the influence of the Marxist conception of time in Soviet politics from Lenin to Gorbachev. He argues that the history of Marxism and Leninism reveals an unsuccessful revolutionary effort to reorder the human relationship with time and that this reorganization had a direct impact on the design of the central political, socioeconomic, and cultural institutions of the Soviet Union from 1917 to 1991. According to Hanson, westerners tend to envision time as both rational and inexorable. In a system in which 'time is money,' the clock dominates workers. Marx, however, believed that communist workers would be freed of the artificial distinction between leisure time and work time. As a result, they would be able to surpass capitalist production levels and ultimately control time itself. Hanson reveals the distinctive imprint of this philosophy on the formation and development of Soviet institutions, arguing that the breakdown of Gorbachev's perestroika and the resulting collapse of the Soviet Union demonstrate the failure of the idea.
VAR methods suggest that the monetary transmission mechanism may be weak and unreliable in low-income countries (LICs). But are structural VARs identified via short-run restrictions capable of detecting a transmission mechanism when one exists, under research conditions typical of these countries? Using small DSGEs as data-generating processes, we assess the impact on VAR-based inference of short data samples, measurement error, high-frequency supply shocks, and other features of the LIC environment. The impact of these features on finite-sample bias appears to be relatively modest when identification is valid—a strong caveat, especially in LICs. However, many of these features undermine the precision of estimated impulse responses to monetary policy shocks, and cumulatively they suggest that “insignificant” results can be expected even when the underlying transmission mechanism is strong.
This paper adds international migration and remittances into the IMF’s Flexible System of Global Models (FSGM). FSGM is a global general equilibrium model with endogenous primary commodity markets. A method to estimate the structural dynamics of major remitter regions is proposed. The dynamics of remittances and migration in FSGM are calibrated to be consistent with the main stylized facts of the empirical estimates. Structural disturbances pertinent to current global remittance flows are examined. These disturbances include disruptions to oil supply, output variation in Europe and the United States, labor nationalization policies in Saudi Arabia, and a global reduction in the cost to remit. The multilateral framework illustrates how remittance inflows need not originate from the region with the underlying economic disturbance but can arise from third party remitter regions affected by global commodity markets. The results also illustrate that the correlation of remittance inflows and the real GDP of labor-exporting economies can be either positively or negatively correlated. The evidence suggests that the behavioral incentive to migrate and remit cannot be deduced from correlations of real GDP and remittance inflows.
A kind of archaeological analysis of Soviet life during the momentous years of Stalinist industrialization."—Lewis Siegelbaum, Michigan State University
...erudite, thought-provoking and well-written.'Archie Brown, Professor of Politics, Oxford University. The return to prominence of the concept of political culture offers an opportunity to re-evaluate its contribution to the social sciences. This study casts a broader than usual net, embracing not only political science (with equal emphasis placed on the concept's use in communist studies), but also sociology and history. On this basis a distinctive theory of political culture, and not merely another typology, is developed. Political culture, instead of being a token in the sterile debate between interest- and culture-based explanation, offers the means of transcending that debate.
We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and the properties of inflation at different levels of development. A calibrated version of the model encompasses both rich and poor countries and broadly replicates the properties of inflation across the development spectrum, including the dominant role played by changes in the relative price of food in poor countries. We derive a welfare-based loss function for the monetary authority and show that optimal policy calls for complete (in some cases nearcomplete) stabilization of sticky-price non-food inflation, despite the presence of a foodsubsistence threshold. Subsistence amplifies the welfare losses of policy mistakes, however, raising the stakes for monetary policy at earlier stages of development.
The third edition of this text provides a background to the politics of China, Eastern Europe and what was the Soviet Union. The book has been rewritten throughout to reflect the emergence of pluralist multi-party systems and non Communist governments are marked.
This volume contains a series of essays which examines various regimes and working classes of such countries as Italy, France, Poland, the USA, the Soviet Union and Great Britain in the early 20th century.
Well after the disintegration of the Communist Party and the Soviet state--and through several years of economic collapse--industrial workers in almost every sector of the former Soviet Union have remained quiescent and the same ineffective and unpopular trade unions still hold a virtual monopoly on worker's representation. Why? While many argue that labor is a central variable in the development of economic and political systems, little is known about workers in the states of the former Soviet Union since the fall of Communism. In a comparative study of two groups of industrial workers--the coal miners and steelworkers--at the end of the Soviet era, Stephen Crowley sheds light on where these workers have been and where they are going. Coal miners in the final years of the Soviet Union effectively organized and led strikes which supported the end of Communism, even though their heavy subsidies would be threatened by capitalism. Steel workers, in contrast, did not effectively organize and strike. This pattern has continued under the new governments, with the coal miners effectively organized and seeking protection from the worst consequences of marketization, while the steel workers remain weakly organized despite deteriorating economic conditions. Based on extensive on-site research including interviews with miners and steelworkers, labor leaders and plant managers, Crowley develops a detailed picture of the conditions under which workers organize. His findings have application beyond the conditions of post-Communist Russia and Ukraine to other societies undergoing fundamental change. This book will be of interest to sociologists and political scientists interested in the role of labor in transitional societies, the patterns of organization of labor, as well as area specialists. Stephen Crowley is Associate Professor of Political Science, Oberlin College.
This paper uses the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) to assess the impact of fiscal consolidation on the Czech economy. Its contribution is threefold. First, it provides estimates of dynamic fiscal multipliers for a variety of fiscal instruments (tax and expenditure), consolidation durations, assumptions about credibility, and monetary policy responses. Second, the paper evaluates the impact on the economy of tightening measures envisaged in the 2011 budget. Third, the paper considers alternative packages for consolidation beyond 2011 to achieve the government’s balanced budget target by 2016 and identifies which forms of adjustment are more "growth-friendly".
The Year Book of Pathology and Laboratory Medicine brings you abstracts of the articles that reported the year's breakthrough developments in pathology and laboratory medicine, carefully selected from more than 300 journals worldwide. Expert commentaries evaluate the clinical importance of each article and discuss its application to your practice. There's no faster or easier way to stay informed! Chapters in this annual cover the most current information on all aspects of pathology and laboratory medicine including: molecular diagnostics, dermatopathology, anatomic pathology techniques, outcomes analysis, cytopathology, clinical immunology, clinical microbiology, neuropathology and hematology.
Stalin and the Soviet Union offers new interpretations of recently uncovered archives examining the Soviet leader's domestic and foreign policy. It covers core topics such as: * Stalin's rise to power * the economy * society * culture * the Cold War * the Second World War * terror. For all students of Russia, Stalin and European history, this will prove essential reading, and a clear background and guide to exam success.
... identifies strategies that have been successfully used to expedite the planning and environmental review of transportation and some nontransportation projects within the context of existing laws and regulations. The report also identifies 16 common constraints on project delivery and 24 strategies for addressing or avoiding the constraints. While the strategies and constraints are associated with planning and environmental review, many of the strategies are also applicable to design and construction. Results of SHRP 2 Report S2-C19-RR-1 have been incorporated into the Transportation for Communities-Advancing Projects through Partnerships (TCAPP) website."--Provided by publisher.
The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on the G-20, the euro area, and emerging market economies, this paper outlines the theory under-pinning the model, and illustrates its macroeconomic properties by presenting its responses under a wide range of experiments, including monetary, financial, demand, supply, fiscal and international shocks.
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