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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 1995:3 follows.

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 1995:3 follows.

“Institutional Structure and Labor Market Outcomes: Western Lessons for European Countries in Transition,” by Robert J. Flanagan [95/63]

“Unemployment Benefits Versus Conditional Negative Income Taxes,” by Dennis J. Snower [95/65]

“Internal Migration, Center-State Grants and Economic Growth in the States of India,” by Paul Cashin and Ratna Sahay [95/66]

“Markets for Corporate Debt Securities,” by R. Todd Smith [95/67]

“Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts: Renewing the Puzzle of the Pricing of Closed-End Mutual Funds,” by Charles Kramer and R. Todd Smith [95/68]

“The Parallel Market for Foreign Exchange in an Oil Exporting Economy: The Case of Iran, 1978-1990,” by Adnan Mazarei [95/69]

“Employment and Wages in the Public Sector—A Cross-Country Study,” by Aart Kraay and Caroline Van Rijckeghem [95/70]

“Recording Interest Income in the Balance of Payments,” by Peter Harper [95/71]

“Recording Insurance Transactions in the Balance of Payments,” by Peter Harper [95/72]

“The Spanish Social Security: Prospects of the Pension and Health Care Systems,” by Joaquim V. Levy [95/73]

“Four Decades of Fund Arrangements: Macroeconomic Stylized Facts Before the Adjustment Programs,” by Julio A. Santaella [95/74]

“Capacity Constraints, Inflation, and the Transmission Mechanism: Forward-Looking Versus Myopic Policy Rules,” by Peter Clark, Douglas Laxton, and David Rose [95/75]

“Asymmetry in the U.S. Output-Inflation Nexus: Issues and Evidence,” by Peter Clark, Douglas Laxton, and David Rose [95/76]

“Financial Transactions Taxes,” by Parthasarathi Shome and Janet G. Stotsky [95/77]

“Exchange Market Reform, Inflation, and Fiscal Deficits,” by Pierre-Richard Agenor and E. Murat Uger [95/78]

“Do Taxes Matter for Long-Run Growth? Harberger’s Superneutrality Conjecture,” by Enrique G. Mendoza, Gian Maria Milesi-Ferretti and Patrick Asea [95/79]

Working Paper Summaries, compiled by the Editorial Division [95/80]

“The Fundamental Determinants of the Real Exchange Rate of the U.S. Dollar Relative to Other G-7 Currencies,” by Jérôme L. Stein [95/81]

“Price Measurement and Mismeasurement in Central Asia,” by Vincent Koen [95/82]

“The Costs of Taxation and the Marginal Cost of Funds,” by Joel Slemrod and Shlomo Yitzhaki [95/83]

“The Distributional Effects of Public Expenditure—Update and Overview,” by Gerd Schwartz and Teresa Ter-Minassian [95/84]

“Are Exchange Rates Excessively Volatile? And What Does ‘Excessively Volatile’ Mean, Anyway?” by Leonardo Bartolini and Gordon M. Bodnar [95/85]

“Inflation and Income Distribution: Further Evidence on Empirical Links,” by Aleš Bulíř and Anne-Marie Guide [95/86]

“Labor Market Representation in Quantitative Macroeconomic Models for Developing Countries: An Application to Côte d’Ivoire,” by Vincent Bodart and Jean Le Dem [95/87]

“Wage Dispersion in the 1980s: Resurrecting the Role of Trade Through the Effects of Durable Employment Changes,” by Elaine Buckberg and Alun Thomas [95/88]

“The Stability of the Gold Standard and the Evolution of the International Monetary System,” by Tamim Bayoumi and Barry Eichengreen [95/89]

“Financial Sector Reform in Jamaica During 1985-1992: Possible Lessons for the Caribbean,” by David Marston [95/90]

“Government Subsidies: Concepts, International Trends, and Reform Options,” by Benedict Clements, Rejane Hugounenq, and Gerd Schwartz [95/91]

“The Macroeconomic Effects of ESAF-Supported Programs: Revisiting Some Methodological Issues,” by Louis Dicks-Mireaux, Mauro Mecagni, and Susan Schadler [95/92]

“The Identification of Capital Transfers in the Balance of Payments,” by Jack Bame [95/93]

“The Measurement of Reinvested Earnings in the Balance of Payments,” by Jack Bame [95/94]

“Human Capital Accumulation and Public Sector Growth,” by Vito Tanzi and Howell H. Zee [95/95]

“Dollarization in Transition Economies: Evidence and Policy Implications,” by Ratna Sahay and Carlos A. Vegh [95/96]

“Growth in East Asia: What We Can and What We Cannot Infer From It,” by Michael Sarel [95/98]

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