Volume 44 (1997) comprises four issues, as follows:

Abstract

Volume 44 (1997) comprises four issues, as follows:

Volume 44 Index

Volume 44 (1997) comprises four issues, as follows:

March, pages 1–103

June, pages 149–294

September, pages 295–356

December, pages 405–600

Authors

Alesina, Alberto, and Roberto Perotti. Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects 210

Bayoumi, Tamim. Explaining Consumption: A Simple Test of Alternative Hypotheses 462

Bayoumi, Tamim, and Michael W. Klein. A Provincial View of Economic Integration 534

Bayoumi, Tamim, and Eswar Prasad. Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence 36

Billings, Robert, Brenda González-Hermosillo, and Ceyla Pazarbaşioğlu. Determinants of Banking System Fragility: A Case Study of Mexico 295

Chadha, Bankim, and Eswar Prasad. Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan 328

Coe, David T., and C. John McDermott. Does the Gap Model Work in Asia? 59

Coe, David T., and Dennis J. Snower. Policy Complementarities: The Case for Fundamental Labor Market Reform 1

Debelle, Guy, and Douglas Laxton. Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States 249

Faruqee, Hamid, Douglas Laxton, and Steven Symansky. Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence 374

Flood, Robert P., and Nancy P, Marion. Policy Implications of “Second-Generation” Crisis Models 383

Garibaldi, Pietro. The Asymmetric Effects of Monetary Policy on Job Creation and Destruction 557

González-Hermosillo, Brenda, Ceyla PazarbaŞioğlu, and Robert Billings. Determinants of Banking System Fragility: A Case Study of Mexico 295

Gropp, Reint E. The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions 485

Halpem, László, and Charles Wyplosz. Equilibrium Exchange Rates in Transition Economics 430

Hardy, Daniel C. Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene? 510

Hernández-Catá, Ernesto. Liberalization and the Behavior of Output During the Transition from Plan to Market 405

Holzman, Robert. Pension Reform. Financial Market Development, and Economic Growth: Preliminary Evidence from Chile 149

Hu, Zuliu F., and Mohsin S. Khan. Why Is China Growing So Fast? 103

Khan, Mohsin S., and Zuliu F. Hu. Why Is China Growing So Fast? 103

Klein, Michael W., and Tannini Bayoumi. A Provincial View of Economic Integration 534

Laxton, Douglas, and Guy Debelle. Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States 249

Laxton, Douglas, Hamid Faruqee, and Steven Symansky. Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence 374

Leidy, Michael P. Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States 132

Marion, Nancy P., and Robert P. Flood. Policy Implications of “Second-Generation” Crisis Models 383

McDermott, C. John, and David T. Coe. Does the Gap Model Work in Asia? 59

PazarbaŞioğlu, Ceyla. A Credit Crunch? Finland in the Aftermath of the Banking Crisis 315

Pazarbaşioğlu, Ceyla, Brenda González-Hermosillo, and Robert Billings. Determinants of Banking System Fragility: A Case Study of Mexico 295

Perotti, Roberto, and Alberto Alesina. Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects 210

Prasad, Eswar, and Tamim Bayoumi. Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence 36

Prasad, Eswar, and Bankim Chadha. Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan 328

Sala-i-Martin, Xavier. Transfers, Social Safety Nets, and Economic Growth 81

Snower, Dennis J., and David T. Coe. Policy Complementarities: The Case for Fundamental Labor Market Reform 1

Symansky, Steven, Douglas Laxton, and Hamid Faruqee. Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence 374

Tanzi, Vito, and Howell H. Zee. Fiscal Policy and Long-Run Growth 179

Vanhoudt, Patrick. Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in the OECD Countries? 356

Wyplosz, Charles, and László Halpern. Equilibrium Exchange Rates in Transition Economies 430

Zee, Howell H., and Vito Tanzi. Fiscal Policy and Long-Run Growth 179

Titles

The Asymmetric Effects of Monetary Policy on Job Creation and Destruction. By Pietro Garibaldi 557

A Credit Crunch? Finland in the Aftermath of the Banking Crisis. By Ceyla Pazarbaşioğlu 315

Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence. By Tamim Bayoumi and Eswar Prasad 36

Determinants of Banking System Fragility: A Case Study of Mexico. By Brenda González-Hermosillo, Ceyla Pazarbaşioğlu, and Robert Billings 295

Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in the OECD Countries? By Patrick Vanhoudt 356

Does the Gap Model Work in Asia? By David T. Coe and C. John McDermott 59

The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions. By Reint E. Gropp 485

Equilibrium Exchange Rates in Transition Economies. By László Halpern and Charles Wyplosz 430

Explaining Consumption: A Simple Test of Alternative Hypotheses. By Tamim Bayoumi 462

Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects. By Alberto Alesina and Roberto Perotti 210

Fiscal Policy and Long-Run Growth. By Vito Tanzi and Howell H. Zee 179

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxton, and Steven Symansky 374

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United Slates. By Guy Debelle and Douglas Laxton 249

Liberalization and the Behavior of Output During the Transition from Plan to Market. By Ernesto Hernández-Catá 405

Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States. By Michael P. Leidy 132

Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene? By Daniel C. Hardy 510

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile. By Robert Holzman 149

Policy Complementarities: The Case for Fundamental Labor Market Reform. By David T. Coe and Dennis J. Snower 1

Policy Implications of “Second-Generation” Crisis Models. By Robert P. Flood and Nancy P. Marion 383

A Provincial View of Economic Integration. By Tamim Bayoumi and Michael W. Klein 534

Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan. By Bankim Chadha and Eswar Prasad 328

Transfers, Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

Why is China Growing So Fast? By Zuliu F. Hu and Mohsin S. Khan 103

Subjects

To facilitate electronic storage and retrieval of bibliographic data, Staff Papers has adopted the subject classification scheme of the Journal of Economic Literature (Nashville, Tennessee).

C Mathematical and Quantitative Methods

C41 Duration Analysis

Determinants of Banking System Fragility: A Case Study of Mexico. By Brenda González-Hermosillo, Ceyla Pazarbaşioğlu, and Robert Billings 295

C51 Model Construction and Estimation

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United Stales. By Guy Debelle and Douglas Laxton 249

D Microeconomics

D12 Consumer Economics: Empirical Analysis

Explaining Consumption: A Simple Test of Alternative Hypotheses. By Tamim Bayoumi 462

D31 Personal Income and Wealth Distribution

Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in the OECD Countries? By Patrick Vanhoudt 356

E Macroeconomics and Monetary Economics

E20 Consumption, Saving, Production, Employment, and Investment— General

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxton, and Steven Symansky 374

E21 Consumption; Saving

Explaining Consumption: A Simple Test of Alternative Hypotheses. By Tamim Bayoumi 462

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxton, and Steven Symansky 374

E23 Production

Liberalization and the Behavior of Output During the Transition from Plan to Market. By Ernesto Hernández-Catá 405

E24 Employment; Unemployment; Wages

Policy Complementarities: The Case for Fundamental Labor Market Reform. By David T. Coe and Dennis J. Snower 1

E27 Forecasting and Simulation

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxton, and Steven Symansky 374

E31 Price Level; Inflation; Deflation

Does the Gap Model Work in Asia? By David T. Coe and C. John McDermotl 59

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States. By Guy Debelle and Douglas Laxton 249

E32 Business Fluctuations; Cycles

Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence By Tamim Bayoumi and Eswar Prasad 36

Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan. By Bankim Chadha and Eswar Prasad 328

E42 Monetary Standards and Regimes; Government and the Monetary System

Flood, Robert P., and Nancy P. Marion. Policy Implications of “Second-Generation” Crisis Models 383

E44 Financial Markets and the Macroeconomy

A Credit Crunch? Finland in the Aftermath of the Banking Crisis. By Ceyla Pazarbaşioğlu 315

Determinants of Banking System Fragility: A Case Study of Mexico. By Brenda González-Hermosillo, Ceyla Pazarbaşioğlu, and Robert Billings 295

E52 Monetary Policy (Targets, Instruments, and Effects)

Equilibrium Exchange Rates in Transition Economies. By László Halpcm and Charles Wyplosz 430

Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States. By Guy Debelle and Douglas Laxton 249

Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene? By Daniel C. Hardy 510

E60 Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook-General

Fiscal Policy and Long-Run Growth. By Vito Tanzi and Howell H. Zee 179

E62 Fiscal Policy: Public Expenditures, Investment, and Finance;Taxation

Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in the OECD Countries? By Patrick Vanhoudt 356

Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects. By Alberto Alesina and Roberto Peroni 210

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxlon, and Steven Symansky 374

F International Economics

F1 Trade

Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United Slates. By Michael P. Leidy 132

F15 Economic Integration

A Provincial View of Economic Integration. By Tamim Bayoumi and Michael W. Klein 534

F31 Foreign Exchange

Equilibrium Exchange Rates in Transition Economies. By László Halpem and Charles Wyplosz 430

Policy Implications of “Second-Generation” Crisis Models. By Robert P. Flood and Nancy P. Marion 383

The Asymmetric Effects of Monetary Policy on Job Creation and Destruction. By Pietro Garibaldi 557

F33 International Monetary Arrangements and Institutions

Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence. By Tamim Bayoumi and Eswar Prasad 36

F36 Financial Aspects of Economic Integration

A Provincial View of Economic Integration. By Tamim Bayoumi and Michael W. Klein 534

F4 Macroeconomic Aspects of International Trade and Finance

Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States. By Michael P. Leidy 132

F41 Open Economy Macroeconomics

Equilibrium Exchange Rates in Transition Economies. By László Halpem and Charles Wyplosz 430

Real Exchange Rate Fluctuations and the Business Cycle: Evidence from Japan. By Bankim Chadha and Eswar Prasad 328

The Asymmetric Effects of Monetary Policy on Job Creation and Destruction. By Pietro Garibaldi 557

G Financial Economics

G14 Information and Market Efficiency; Event Studies

Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene? By Daniel C. Hardy 510

G21 Banks; Other Depository Institutions; Mortgages

A Credit Crunch? Finland in the Aftermath of the Banking Crisis. By Ceyla Pazarbaşioğlu 315

Determinants of Banking System Fragility; A Case Study of Mexico. By Brenda González-Hermosillo, Ceyla Pazarbasioglu, and Robert Billings 295

G23 Pension Funds; Other Private Financial Institutions

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile. By Robert Holzman 149

G28 Government Policy and Regulation

A Credit Crunch? Finland in the Aftermath of the Banking Crisis. By Ceyla Pazarbaşioğlu 315

G32 Financing Policy; Capital and Ownership Structure

The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions. By Reint E. Gropp 485

H Public Economics

H00 General

Fiscal Policy and Long-Run Growth. By Vito Tanzi and Howell H. Zee 179

H1 Structure and Scope of Government

Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects. By Alberto Alesina and Roberto Perotti 210

H25 Business Taxes

The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions. By Reint E. Gropp 485

H31 Fiscal Policies and Behavior of Economic Agents—Household

Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence. By Hamid Faruqee, Douglas Laxton, and Steven Symansky 374

H32 Fiscal Policies and Behavior of Economic Agents—Firm

The Effect of Expected Effective Corporate Tax Rates on Incremental Financing Decisions. By Reint E. Gropp 485

H5 National Government Expenditures and Related Policies

Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects. By Alberto Alesina and Roberto Perotti 210

H5 National Government Expenditures and Related Policies

Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects. By Alberto Alesina and Roberto Perotti 210

H53 Government Expenditures and Welfare Programs

Transfers, Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

H55 Social Security and Public Pensions

Transfers. Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

H56 National Security and War

Transfers, Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

J Labor and Demographic Economics

J6 Mobility, Unemployment, and Vacancies

Policy Complementarities: The Case for Fundamental Labor Market Reform. By David T, Coe and Dennis J. Snower 1

J61 Geographic Labor Mobility; Immigrant Workers

Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence. By Tamim Bayoumi and Eswar Prasad 36

O Economic Development, Technological Change, and Growth

O00 General

Fiscal Policy and Long-Run Growth. By Vito Tanzi and Howell H. Zee 179

O15 Human Resources: Income Distribution; Migration

Transfers, Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

O16 Financial Markets; Saving and Capital Investment

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile. By Robert Holzman 149

O4 Economic Growth and Aggregate Productivity

Why is China Growing So Fast? By Zuliu F, Hu and Mohsin S. Khan 103

O40 Economic Growth and Aggregate Productivity—General

Do Labor Market Policies and Growth Fundamentals Matter for Income Inequality in the OECD Countries? By Patrick Vanhoudt 356

Transfers, Social Safety Nets, and Economic Growth. By Xavier Sala-i-Martin 81

O46 Monetary Growth Models

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile. By Robert Holzman 149

O5 Economywide Country Studies

Why is China Growing So Fast? By Zuliu F. Hu and Mohsin S. Khan 103

O53 Economywide Country Studies—Asia including Middle East

Does the Gap Model Work in Asia? By David T. Coe and C. John McDermott 59

O54 Economywide Country Studies—Latin America; Caribbean

Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile. By Robert Holzman 149

P Economic Systems

P21 Socialist Systems—Planning, Coordination, and Reform

Liberalization and the Behavior of Output During the Transition from Plan to Market. By Ernesto Hernández-Catá 405

P27 Socialist Systems—Performance and Prospects

Liberalization and the Behavior of Output During the Transition from Plan to Market. By Ernesto Hcrnándcz-Catá 405

P52 Comparative Studies of Particular Economies

Equilibrium Exchange Rales in Transition Economics. By László Halpern and Charles Wyplosz 430

Liberalization and the Behavior of Output During the Transition from Plan to Market. By Ernesto Hernández-Catá 405

R Urban, Rural, and Regional Economics

R13 General Equilibrium and Welfare Economic Analysis of Regional Economies

A Provincial View of Economic Integration. By Tamim Bayoumi and Michael W. Klein 534

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;

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  • 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;

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  • 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.