Abstract
The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to serve as a summary guide to research done at the IMF on various topics, and to provide a better perspective on the analytical underpinnings of the IMF’s operational work.
January—June, 2002
Journal Articles
Bartolini, Leonardo; Bertola, Giuseppe; Prati, Alessandro
Day-to-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate
Journal of Money, Credit, and Banking
Bhundia, Ashok; O’Donnell, Gus
U.K. Policy Coordination: The Importance of Institutional Design
Fiscal Studies
Breuer, Peter
Measuring Off-Balance-Sheet Leverage
Journal of Banking and Finance
Cerra, Valerie; Saxena, Sweta Chaman
Contagion, Monsoons, and Domestic Turmoil in Indonesia’s Currency Crisis
Review of International Economics
Clements, Benedict
How Efficient is Education Spending in Europe?
European Review of Economics and Finance
Cordella, Tito; Datta, M.
Intertemporal Cournot and Walras Equilibria: An Illustration
International Economic Review
Cordella, Tito; Levy-Yeyati, Eduardo
Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition
European Economic Review
Davoodi, Hamid; Gupta, Sanjeev; Alonso-Terme, Rosa
Does Corruption Affect Inequality and Poverty?
Economics of Governance
Edison, Hali
Stock Market Wealth Effects and the New Economy: A Cross-Country Study
International Finance
Garibaldi, Pietro; Mauro, Paolo
Anatomy of Employment Growth
Economic Policy
Gershenson, Dmitriy
Sanctions and Civil Conflict
Economica
Heijdra, B.J.; Ligthart, Johanna Elisabeth
The Hiring Subsidy Cum Firing Tax in a Search Model of Unemployment
Economics Letters
Hunt, Benjamin; Isard, Peter; Laxton, Douglas
The Macroeconomic Effects of Higher Oil Prices
National Institute Economic Review
Kandil, Magda Elsayed
Asymmetry in Economic Fluctuations in the U.S. Economy: The Pre-War and the 1946–1991 Periods Compared.
International Economic Journal
Asymmetry in the Effects of Monetary and Government Spending Shocks: Contrasting Evidence and Implications
Economic Inquiry
Kandil, Magda Elsayed; Mirzaie, Aghdas
The Effects of Dollar Appreciation on Sectoral Labor Market Adjustments: Theory and Evidence
Quarterly Review of Economics and Finance
Exchange Rate Fluctuations and Disaggregate Economic Activity in the U.S.: Theory and Evidence
Journal of International Money and Finance
Kandil, Magda Elsayed; Woods, Jeffrey
Convergence of the Gender Gap Over the Business Cycle:
A Sectoral Investigation
Journal of Economics and Business
Employment Composition and the Cyclical Behavior of the Aggregate Real Wage
Applied Economics
Keane, Michael; Prasad, Eswar
Inequality, Transfers, and Growth: New Evidence from the Economic Transition in Poland
Review of Economics and Statistics
Keen, Michael; Kotsogiannis, Christos
Does Federalism Lead to Excessively High Taxes?
American Economic Review
Kodres, Laura; Pritsker, Matt
A Rational Expectations Model of Financial Contagion
Journal of Finance
Ley, Eduardo
On Democratic and Plutocratic CPIs
Economics Bulletin
Ley, Eduardo; Macauley, Molly; Salant, Steve
Spatially and Intertemporally Efficient Solid Waste Management
Journal of Environmental Economics and Management
Mauro, Paolo
Stock Returns and Output Growth in Emerging and Advanced Economies
Journal of Development Economics
Mauro, Paolo; Sussman, Nathan; Yafeh, Yishay
Emerging Markets Spreads: Then Versus Now
Quarterly Journal of Economics
Olters, Jan-Peter
Voters, Parties, and the Endogenous Size of Government
The American Journal of Economics and Sociology
Razin, Assaf; Sadka, Efraim; Swagel, Phillip
The Aging Population and the Size of the Welfare State
Journal of Political Economy
Ruiz-Castillo, Javier; Ley, Eduardo; Izquierdo, Mario
Distributional Aspects of the Quality Change Bias in the CPI: Evidence from Spain
Economics Letters
The Laspeyres Bias in the Spanish CPI
Applied Economics
Schellekens, Philip
Caution and Conservatism in the Making of Monetary Policy
Journal of Money, Credit, and Banking
Spilimbergo, Antonio
Copper and the Chilean Economy, 1960–1998
Journal of Policy Reform
Vamvakidis, Athanasios
How Robust Is the Growth-Openness Connection?: Historical Evidence
Journal of Economic Growth
Zee, Howell; Stotsky, Janet; Ley, Eduardo
Tax Incentives for Business Investment: A Primer for Policymakers in Developing Countries
World Development
Contributions to Books and Conference Volumes
Garibaldi, Pietro; Spilimbergo, Antonio
Coping with Illegal Immigration at the New Boundaries of the EU
In Enlarging to a Developing Europe, edited by Tito Boeri and Richard Portes (CEPR).
Gupta, Sanjeev; Clements, Benedict; Guin-Siu, Maria Teresa; Leruth, Luc
Debt Relief and Public Health Spending in Heavily Indebted Poor Countries
In Bulletin of the World Health Organization
Keane, Michael; Prasad, Eswar
Social Transfers and Inequality During the Polish Transition: A New Growth Theory Perspective
In Growth and Inequality: Issues and Policy Implications, edited by Theo Eicher, Stephen Turnovsky, and Hans-Werner Sinn (Cambridge: MIT Press).
Kim, Henry; Kose, Ayhan M.; Plummer, Michael
Contagion or Simple Transmission of Business Cycles?: The Case of the Asian Crisis
In The Post-Financial Challenges for Asian Industrialization, edited by Richard Hooley (Elsevier Science).
Kock, Udo
Social Benefits and the Flow Approach to the Labor Market
In Thela Thesis (Amsterdam).
Lane, Philip R.; Milesi-Ferretti, Gian Maria
Long-Term Capital Movements
In NBER Macroeconomics Annual 2001
Luna, Francesco; Perrone, Alessandro
Agent-Based Methods in Economics and Finance: Simulations in Swarm
In Advances in Computational Economics (Kluwer Academic Publishers).
Parrado, Eric; Velasco, Andrés
Alternative Monetary Rules in the Open Economy: A Welfare-Based Approach
In Inflation Targeting: Design, Performance, Challenges, edited by N. Loayza and R. Soto (Santiago: Central Bank of Chile).
Yang, Yongzheng
Export Competition in Asia and the Role of China
In Developing Countries in the World Trading System—The Uruguay Round and Beyond, edited by Ramesh Adhikari and Prema-chandra Athukorala.
A full and updated listing of external publications of IMF staff (from 1997 onward), including forthcoming publications, can be found in a searchable database at the Research at the IMF website at http://www.imf.org/research.