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Product and factor market distortions : the case of the manufacturing sector in Morocco (English)

This paper studies the effect of market distortions in the manufacturing sector in Morocco. Recent microdata are used to calculate the extent of resource misallocation associated to these distortions and the potential total factor productivity (TFP) gain resulting from their removal. ... See More +

Policy Research Working Paper WPS8218 OCT 13, 2017

Chauffour,Jean-Pierre Christophe; Diaz Sanchez,Jose Luis Disclosed

Growth and competitiveness as factors of Eurozone external imbalances : evidence and policy implications (English)

The paper assesses the contribution of key factors associated with external imbalances in the Eurozone through the estimation of a panel-data vector autoregressive model over 1975-2011. ... See More +

Policy Research Working Paper WPS6732 DEC 01, 2013

Sanchez , Jose Luis Diaz; Varoudakis, Aristomene Disclosed

Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union (English)

Evidence from a large panel of low-income and lower middle-income countries over the period 1995-2012 suggests that, contrary to other countries, public investment in the West African Economic and Monetary Union (WAEMU) has been pro-cyclical. ... See More +

Policy Research Working Paper WPS6562 AUG 01, 2013

Dessus, Sebastien; Diaz Sanchez, Jose Luis; Varoudakis, Aristomene Disclosed

A retrospective analysis of the house prices macro-relationship in the United States (English)

This study provides empirical evidence on the strengthening of the impact of house prices on the US macroeconomy. The stability of the house prices macro-link is tested in a small-dimensional vector autoregressive model over the last fifty years. ... See More +

Policy Research Working Paper WPS6549 JUL 01, 2013

Ahamada, Ibrahim; Diaz Sanchez, Jose Luis Disclosed

Explaining the last consumption boom-bust cyclein Ireland : the role of news and noise shocks (English)

The objective of the paper is to explain the last boom and bust in consumption in Ireland by the failure of consumers to correctly distinguish permanent changes in productivity from temporary changes. ... See More +

Policy Research Working Paper WPS6525 JUN 01, 2013

Diaz Sanchez, Jose Luis Disclosed