Abstract
Staff Papers draws on IMF Working Papers, which are research studies by members of the Fund’s staff. A list of Working Papers issued in 1989:3 follows; additions will be noted in future issues.
“Strategic Investment in a Debt Bargaining Framework,” by Joshua Aizenman and Eduardo Borensztein [89/55]
“A Dynamic Model of Buy-Backs,” by Michael P. Dooley, Steven Symansky, and Ralph Tryon [89/56]
“The Instruments and Operations Procedures for Conducting Monetary Policy in the Group of Five Countries,” by D. Batten, M. Blackwell, I. Kim, S. Nocera, and Y. Ozeki [89/57]
“Unfolding Flypaper: The Effects of Intergovernmental Grants in an Open Local Economy,” by Daniel Hewitt and Dennis Heffley [89/58]
“Uncontrolled Markets and the Inflationary Process in a Centrally Planned Economy,” by Nurun N. Choudhry [89/59]
“Private Investment and Economic Growth in Developing Countries,” by Mohsin S. Khan and Carmen M. Reinhart [89/60]
“Financial and Fiscal Programming Under Debt Restructuring,” by Henri Lorie [89/61]
“The Welfare Effects of Public Expenditure Programs Reconsidered,” by Robert Holzmann [89/62]
“The Macroeconomic Impacts of Counterpart Funds,” by Jean A.P. Clement [89/63]
“Tax Credits for Debt Reduction: A Proposal,” by Michael P. Dooley and Elhanan Helpman [89/64]
“Pricing an Interest Payment Guarantee—A Contribution to Debt Reduction Techniques,” by Simon E. Nocera [89/65]
“Saving-Investment Correlations: Immobile Capital, Government Policy, or Endogenous Behavior?” by Tamim Bayoumi [89/66]
“Exchange Rate Fluctuations, Pass-Through, and Market Share,” by Kenichi Ohno [89/67]
“Public Finance in Islam,” by Ziaauddin Ahmad [89/68]
“Valuation of Menu Items in Debt Restructurings,” by Steven A. Symansky and Ralph Tryon [89/69]
“Tariffs and the Macroeconomy: Some Empirical Evidence,” by Jonathan D. Ostry and Andrew K. Rose [89/70]
“Debt Growth and the Prospects for Debt Reduction: The Case of Sub-Saharan African Countries,” by Joakim Stymne [89/71]
“Commodity Prices and Inflation: Evidence from Seven Large Industrial Countries,” by James M. Boughton, William H. Branson, and Alphecca Muttardy [89/72]
“Credibility and Nominal Debt: Exploring the Role of Maturity in Managing Inflation,” by Guillermo A. Calvo and Pablo E. Guidotti [89/73]
“Debt Overhang, Credit Rationing, and Investment,” by Eduardo Borensztein [89/74]
“INDOMOD: A Simulation Model of the Indonesian Economy,” by Richard D. Haas [89/75]
“Toward Defining and Measuring the Fiscal Impact of Public Enterprises,” by Peter Stella [89/76]
“Money Demand in Canada,” by Liam Ebrill [89/77]
“Money Versus Credit in the Determination of Output for Small Open Economies,” by Peter J. Montiel [89/78]
“Optimal Incentives to Domestic Investment in the Presence of Capital Flight,” by Assaf Razin and Efraim Sadka [89/79]
“Current Account Dynamics: The Role of Real Shocks,” by Leonardo Leiderman and Assaf Razin [89/80]
A limited supply of IMF Working Papers is available free of charge to interested scholars and research institutions. In requesting a particular paper (or papers), please indicate the Working Paper number (for example, WP/89/1), title, and author(s). Requests should be made to:
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