Abstract
Papers on Policy Analysis and Assessment are intended to make staff work in the area of policy design available to a wide audience. A list of all PPAAs issued in 1995:1 follows. Papers may also be considered for inclusion in the journal.
“The New Monetary Policy Framework of the United Kingdom,” by Ulrich Stiehler [95/1]
“When is a Fiscal Surplus Appropriate?” by Richard Hemming and James Daniel [95/2]
“Social Safety Nets for Economic Transition: Options and Recent Experiences,” by the Expenditure Policy Division Staff [95/3]
“An Inflation Targeting Framework for Italy,” by Timothy D. Lane, Alessandro Prati, and Mark E. L. Griffiths 19514]
“Non–G–10 Countries and the Basle Capital Rules: How Tough a Challenge is it to Join The Basle Club?” by Claudia Dziobek, Olivier Frécaut, and Maria Nieto 195/5]
An annual subscription to IMF Working Papers is available for US$200.00. It includes 12 monthly shipments and priority mail delivery. Requests should be made to:
International Monetary Fund
Publication Services
Washington, D.C. 20431, U.S.A.
Telephone: (202) 623–7430
Telefax: (202) 623–7201
Internet: publications@imf.org
Inquiries about individual IMF Papers on Policy Analysis and Assessment should also be directed to the address above.
| Forthcoming in Volume 36, 1995 | |
| INTERNATIONAL ECONOMIC REVIEW | Marianne Baxter and Mario J. Crueini Business Cycles and the Asset Structure of Foreign Trade |
| Carl Davidson and Lawrence Macon Transactions Casts, Frictional Unemployment and Technical Change in the Market Technology | |
| INTERNATIONAL ECONOMIC REVIEW | Harries, Deltas and Casper G. Vries Piecemeal versus Precipitous Factor Market Integration |
| INTERNATIONAL ECONOMIC REVIEW | Larry S. Karp and Jeffrey M. Perlo, of Why Industrial Policies Fail: Limited Commitment |
| Arthur Lewhel Utility Functions and Global Regularity of Fractional Demand Systems | |
| INTERNATIONAL ECONOMIC REVIEW | J. Peter Near) Trade Liberalisation and Shadow Prices in the Presence of Tariffs and Quotas |
| Carle Perron’ Assessing the Dynamic Efficiency Gains of Tax Reform When Human Capital is Endogenous | |
| INTERNATIONAL ECONOMIC REVIEW | Peter V. Schaffer The Work Effort and the Consumption of Immigrants as a Function of their Assimilation |
| General Information | |
| INTERNATIONAL ECONOMIC REVIEW | Subscriptions: Review subscriptions are for a full volume and cost $165 (¥20,000) for institutions, 550 (¥6,000) for individuals and $20 (¥2,500) for students. Back Orders: Back orders cost 580 (¥10,000) Vols. 1–30 and $150 ¥17,000) Vols. 31–35. Payment US Office: Checks in US S, drawn on US bank, payable to University of Pennsylvania; Visa/Mastercard include card number and expiration date. |
| INTERNATIONAL ECONOMIC REVIEW | Japan Office: Checks in U$ 5, drawn on US hank, payable tst Internarionai Economic Review; deposited in yen into Account # 483678 Toyonaka Branch/Sumitomo Bank or Japan Postal Transfer Osaka Account # 1–8703; Visa/Mastercard include card number, expiration date, issuer batik, and card holder name. |
| INTERNATIONAL ECONOMIC REVIEW | AdditionnI Information: Please contact ihe Review’s office at the University of Pennsylvania, 3718 Locust Walk, Philadelphia, PA 19104 6297 USA (fax 215 573 2072); Or Osaka University Institute of Social and Economic Research Association, 6–1 Mihogaoka, Ibaraki Osaka 567 JAPAN (fax (+81) 6 878 2766). |
| Forthcoming in Volume 36, 1995 | |
| INTERNATIONAL ECONOMIC REVIEW | Marianne Baxter and Mario J. Crueini Business Cycles and the Asset Structure of Foreign Trade |
| Carl Davidson and Lawrence Macon Transactions Casts, Frictional Unemployment and Technical Change in the Market Technology | |
| INTERNATIONAL ECONOMIC REVIEW | Harries, Deltas and Casper G. Vries Piecemeal versus Precipitous Factor Market Integration |
| INTERNATIONAL ECONOMIC REVIEW | Larry S. Karp and Jeffrey M. Perlo, of Why Industrial Policies Fail: Limited Commitment |
| Arthur Lewhel Utility Functions and Global Regularity of Fractional Demand Systems | |
| INTERNATIONAL ECONOMIC REVIEW | J. Peter Near) Trade Liberalisation and Shadow Prices in the Presence of Tariffs and Quotas |
| Carle Perron’ Assessing the Dynamic Efficiency Gains of Tax Reform When Human Capital is Endogenous | |
| INTERNATIONAL ECONOMIC REVIEW | Peter V. Schaffer The Work Effort and the Consumption of Immigrants as a Function of their Assimilation |
| General Information | |
| INTERNATIONAL ECONOMIC REVIEW | Subscriptions: Review subscriptions are for a full volume and cost $165 (¥20,000) for institutions, 550 (¥6,000) for individuals and $20 (¥2,500) for students. Back Orders: Back orders cost 580 (¥10,000) Vols. 1–30 and $150 ¥17,000) Vols. 31–35. Payment US Office: Checks in US S, drawn on US bank, payable to University of Pennsylvania; Visa/Mastercard include card number and expiration date. |
| INTERNATIONAL ECONOMIC REVIEW | Japan Office: Checks in U$ 5, drawn on US hank, payable tst Internarionai Economic Review; deposited in yen into Account # 483678 Toyonaka Branch/Sumitomo Bank or Japan Postal Transfer Osaka Account # 1–8703; Visa/Mastercard include card number, expiration date, issuer batik, and card holder name. |
| INTERNATIONAL ECONOMIC REVIEW | AdditionnI Information: Please contact ihe Review’s office at the University of Pennsylvania, 3718 Locust Walk, Philadelphia, PA 19104 6297 USA (fax 215 573 2072); Or Osaka University Institute of Social and Economic Research Association, 6–1 Mihogaoka, Ibaraki Osaka 567 JAPAN (fax (+81) 6 878 2766). |
In statistical matter throughout this issue,
dots (…) indicate that data are not available;
a dash (—) indicates that the figure is zero or less than half the final digit shown, or that the item does not exist;
a single dot (.) indicates decimals;
a comma (,) separates thousands and millions;
“billion” means a thousand million, and “trillion” means a thousand billion;
a short dash (–) is used between years or months (for example, 1992–94 or January–October) to indicate a total of the years or months inclusive of the beginning and ending years or months;
a stroke (/) is used between years (for example, 1993/94) to indicate a fiscal year or a crop year;
a colon (:) is used between a year and the number indicating a quarter within that year (for example, 1994:1);
components of tables may not add to totals shown because of rounding.