Front Matter

Front Matter Page

EDITOR’S NOTE

The Editor invites from contributors outside the Fund brief comments (not more than 1,000 words) on published articles in Staff Papers. These comments should be addressed to the Editor, who will forward them to the author of the original article for reply. Both the comments and the reply will be considered for publication.

The term “country,” as used in this publication, may not refer to a territorial entity that is a state as understood by international law and practice; the term may also cover some territorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

Front Matter Page

© 1990 by the International Monetary Fund

International Standard Serial Number: ISSN 0020-8027

The U.S. Library of Congress has cataloged this serial publication as follows:

International Monetary Fund

  • Staff papers — International Monetary Fund. v. 1– Feb. 1950– [Washington] International Monetary Fund.

      • v. tables, diagrs. 23 cm.

    • Three no. a year, 1950–1977; four no. a year, 1978–

    • Indexes:

      • Vols. 1–27, 1950–80, 1 v.

    • ISSN 0020-8027 = Staff papers — International Monetary Fund.

    • 1. Foreign exchange—Periodicals. 2. Commerce—Periodicals.

    • 3. Currency question—Periodicals.

HG3810.15

332.082

53-35483

CONTENTS

  • Vol. 37 No. 2

  • JUNE 1990

  • The Macroeconomic Effects of Fund-Supported Adjustment Programs

    • mohsin s. khan

  • A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States

    • charles adams and david t. coe

  • Exchange Rate Fluctuations, Pass-Through, and Market Share

    • kenichi ohno *

  • Optimal Taxation Policies in the EMS:

  • A Two-Country Model of Public Finance

    • carlos a. végh and pablo e. guidotti*

  • The Welfare Effects of Public Expenditure Programs Reconsidered

    • robert holzmann

  • Saving-Investment Correlations: Immobile Capital, Government Policy, or Endogenous Behavior?

    • tamim bayoumi

  • Growth, External Debt, and Sovereign Risk in a Small Open Economy

    • jagdeep s. bhandari, nadeem ul haque, and stephen j. turnovsky

  • Shorter Papers and Comments

  • Wealth, Financial Liberalization, and the Demand for Money in Japan

    • robert corker

  • Expectations and Long-Term Interest Rates:

  • Comment on Bovenberg

    • david w. findlay

  • Monetary Policy Strategies—A Correction:

  • Comment on Flood and Isard

    • susanne lohmann

  • Monetary Policy Strategies—A Correction:

  • Reply to Lohmann

    • robert p. flood and peter isard

  • IMF Working Papers