Abstract
PETER HOLE
STAFF PAPERS
PETER HOLE
Chair, Editorial Committee
S. MCDONALD IAN
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Among the responsibilities of the International Monetary Fund, as set forth in its Articles of Agreement. is the obligation to “act as a centre for the collection and exchange of information on monetary and financial problems.” Staff Papers makes available to a wider audience papers prepared by the members of the Fund staff. The views presented in the papers are those of the authors and are not to be interpreted as necessarily indicating the position of the Executive Board or of the Fund.
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INTERNATIONAL MONETARY FUND
STAFF PAPERS
Vol. 43 No. 2 JUNE 1996
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.
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© 1996 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: Your 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
The Labor Market and Economic Adjustment
PIERRE-RICHARD AGéNOR
Wage Dispersion in the 19080s: Resurrecting the Role of Trade Through the Effects of Durable Employment Changes
ELAINE BUCKBERG and ALUN THOMAS
Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis: Evidence from Uruguay
ALEXANDER W. HOFFMAISTER and CARLOS A. VéGH
Auction Format Matters: Evidence on Bidding Behavior and Seller Revenue
ROBERT A. FELDMAN and VINCENT REINHART
Labor Market Representation in Quantitative Macroeconomic Models for Developing Countries: An Application to Côte d’Ivoire
VINCENT BODART and JEAN LE DEM
Comments
Long-Run Exchange Rate Modeling: Comment on MacDonald
IMAD A. MOOSA
Long-Run Exchange Rate Modeling: Reply to Moosa
RONALD MACDONALD
IMF Working Papers
IMF Papers on Policy Analysis and Assessment