Working Paper No. 01/1

Monetary Independence in Emerging Markets: Does the Exchange Rate Regime Make a Difference?

Borensztein, Eduardo R.; Zettelmeyer, Jeromin; Philippon, Thomas

Working Paper No. 01/2

Crises and Liquidity: Evidence and Interpretation

Detragiache, Enrica; Spilimbergo, Antonio

Working Paper No. 01/3

China’s Provincial Growth Dynamics

Aziz, Jahangir; Duenwald, Christoph

Working Paper No. 01/4

Are African Current Account Deficits Different? Stylized Facts, Transitory Shocks, and Decomposition Analysis

Calderon, Cesar; Chong, Alberto; Zanforlin, Luisa

Working Paper No. 01/5

Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility

Epaulard, Anne; Pommeret, Aude

Working Paper No. 01/6

Growth Slowdown in Bureaucratic Economic Systems: An Issue Revisited

Brixiova, Zuzana; Bulir, Ales

Working Paper No. 01/7

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Isard, Peter; Laxton, Douglas; Eliasson, Ann-Charlotte

Working Paper No. 01/8

Budgetary Transparency for Public Expenditure Control

Reviglio, Franco

Working Paper No. 01/9

Time-to-Build and Convex Adjustment Costs

Koeva, Petya

Working Paper No. 01/10

Modeling Politics with Economic Tools: A Critical Survey of the Literature

Olters, Jan-Peter

Working Paper No. 01/11

The Role of Medium-Term Fiscal Frameworks for Transition Countries: The Case of Bulgaria

Horvath, Balazs; Szekely, Istvan

Working Paper No. 01/12

Different Strokes? Common and Uncommon Responses to Financial Crises

Boughton, James M.

Working Paper No. 01/13

Counterfeit Goods and Income Inequality

Scandizzo, Stefania

Working Paper No. 01/14

The Macroeconomic Effects of Higher Oil Prices

Hunt, Benjamin; Isard, Peter; Laxton, Douglas

Working Paper No. 01/15

Rent Seeking and Endogenous Income Inequality

Dabla-Norris, Era; Wade, Paul

Working Paper No. 01/16

Explaining Russia’s Output Collapse: Aggregate Sources and Regional Evidence

Dolinskaya, Irina

Working Paper No. 01/17

Physical Capital Adjustment Within Spain: Long-Run and Short-Run Analysis

Mauro, Paolo; Spilimbergo, Antonio

Working Paper No. 01/18

Currency Crises and Foreign Reserves: A Simple Model

Disyatat, Piti

Working Paper No. 01/19

On the Long and Short of Central Bank Independence, Policy Coordination, and Economic Performance

Musalem, Alberto

Working Paper No. 01/20

Flight to Quality or to Captivity? Information and Credit Allocation

Dell’Ariccia, Giovanni; Marquez, Robert

Working Paper No. 01/21

Bank Competition and Firm Creation

Bonaccorsi di Patti, Emilia; Dell’Ariccia, Giovanni

Working Paper No. 01/22

Electoral Systems and Public Spending

Milesi-Ferretti, Gian Maria; Perotti, Roberto; Rostagno, Massimo

Working Paper No. 01/23

Competitiveness and the Equilibrium Exchange Rate in Costa Rica

Paiva, Claudio

Working Paper No. 01/24

A Quest for Revenue and Tax Incidence in Uganda

Chen, Duanjie; Matovu, John; Reinikka, Ritva

Working Paper No. 01/25

Toward a Framework for Assessing Data Quality

Carson, Carol

Working Paper No. 01/26

A Cointegration Analysis of Broad Money Demand in Cameroon

Nachega, Jean-Claude

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