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.
This special issue of the IMF Staff Papers contains a selection of papers presented at the Second Annual IMF Research Conference held in Washington, DC, in November 2002. The papers in this volume were written by IMF authors and outside scholars. Included is the text of the second Mundell-Fleming Lecture, delivered by Kenneth Rogoff in honor of Rudiger Dornbusch’s “overshooting model,” and follow-up remarks by the late Rudiger Dornbusch.
Dornbusch’s Overshooting Model After Twenty-Five Years: The International Monetary Fund’s Second Annual Research Conference Mundell-Fleming Lecture
Kenneth Rogoff (IMF)
Remarks on the 2001 Mundell-Fleming Lecture
Rudiger Dornbusch
Conditionality and Ownership in IMF Lending: A Political Economy Approach
Allan Drazen (Tel-Aviv University and University of Maryland, NBER, and CEPR)
Limits of Conditionality in Poverty Reduction Programs
Tito Cordella and Giovanni Dell’Ariccia (IMF)
What Determines Individual Preferences over Reform? Microeconomic Evidence from Russia
Stephanie Eble and Petya Koeva (IMF)
Boom-Bust Cycles in Middle Income Countries
Aaron Tornell (ULCA and NBER) and Frank Westermann (University of Munich and Ifo Institute)
Why Don’t They Lend? Credit Stagnation in Latin America
Adolfo Barajas and Roberto Steiner (IMF)
Interest Rate Effects on Output: Evidence from a GDP Forecasting Model for South Africa
Janine Aron (Oxford University) and John Muellbauer (Nuffield College, Oxford University)
How Do Large Depreciations Affect Firm Performance?
Kristin J. Forbes (MIT)
IMF Staff Papers, the IMF’s scholarly journal, edited by Robert Flood, publishes selected high-quality research produced by IMF staff and invited guests on a variety of topics of interest to a broad audience, including academics and policymakers in IMF member countries. The papers selected for publication in the journal are subject to a rigorous review process using both internal and external referees. The journal and its contents (including an archive of articles from past issues) are available online at the Research at the IMF website at http://www.imf.org/research.