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.
Journal Articles
Aiyar, Shekhar
The Human Capital Constraint: Of Increasing Returns, Education Choice, and Coordination Failure
Topics in Macroeconomics
Canova, Fabio; De Nicoló, Gianni
On the Sources of Business Cycles in the G-7
Journal of International Economics
Cerra, Valerie; Soikkeli, Jarkko; Saxena, Sweta C.
How Competitive Is Irish Manufacturing?
The Economic and Social Review
Cerra, Valerie; Thakur, Subhash
Pension Reform in Norway: Issues and Options—Nordic States
Public Service Review
Cihak, Martin; Holub, Tomas
Price Convergence: What Can the Balassa-Samuelson Model Tell Us?
Finance a úvěr
Edison, Hali J.
Do Indicators of Financial Crises Work? An Evaluation of an Early Warning System
International Journal of Financial Economics
Edison, Hali J.; Sløk, Torsten
New Economy Valuations and Investment in the 1990s
Applied Economics
Edison, Hali J.; Warnock, Francis
A Simple Measure of the Intensity of Capital Controls
Journal of Empirical Finance
Estevao, Marcello M.
Regional Labor Market Disparities in Belgium
Reflets et Perspectives de la Vie Economique
Fahmy, Yasser; Kandil, Magda Elsayed
The Fisher Effect: New Evidence and Implications
International Review of Economics and Finance
Ghosh, Saibal; Nachane, D.M.; Narain, Aditya; Sahoo, Satyananda
Capital Requirements and Bank Behavior: An Empirical Analysis of Indian Public Sector Banks
journal of International Development
Goyal, Rishi; McKinnon, Ronald I.
Japan’s Negative Risk Premium in Interest Rates: The Liquidity Trap and the Fall in Bank Lending
The World Economy
Gupta, Sanjeev; Marijn, Verhoeven; Tiongson, Erwin
Public Spending on Health Care and the Poor
Health Economics
Gupta, Sanjeev; Plant, Mark; Clements, Benedict; Dorsey, Thomas; Baldacci, Emanuele; Inchauste, Gabriela; Tareq, Shamsuddin; Thacker, Nita
Budgets That Are More Pro-Poor and Pro-Growth
Reflets et Perspectives de la Vie Economique
Hamid, Faruqee
Debt, Deficits, and Age-Specific Mortality
Review of Economic Dynamics
Hamid, Faruqee; Muhleisen, Martin
Population Aging in Japan: Demographic Shock and Fiscal Sustainability
Japan and the World Economy
Hanousek, Jan; Podpiera, Richard
Informed Trading and the Bid-Ask Spread: Evidence from an Emerging Market
Journal of Comparative Economics
Horváth, Bálazs; Székely, István
The Role of Medium-Term Fiscal Frameworks for Transition Economies—The Case of Bulgaria
Emerging Markets Finance and Trade
Huang, Haizhou
Financial Syndication and R&D
Economics Letters
Kandil, Magda Elsayed; Mirzaie, Aghdas
The Effects of Dollar Appreciation on Sectoral Labor Market Adjustments: Theory and Evidence
The Quarterly Review of Economics and Finance
Mackenzie, G.A.; Heller, Peter S.; Gerson, Philip; Cuevas, Alfredo
Pension Reform and the Fiscal Policy Stance
Public Budgeting and Finance
Matteo, Ciccarelli; Alessandro, Rebucci
Bayesian VARs: A Survey of the Recent Literature with an Application to the European Monetary System
Rivista di Politica Economica
Mauro, Paolo
Stock Returns and Output Growth in Emerging and Advanced Economies
Journal of Development Economics
Mercereau, Benoit
Role of Stock Markets in Current Account Dynamics: A Time Series Approach
Berkeley Electronic Journals in Macroeconomics: Topics in Macroeconomics
Oomes, Nienke
Local Trade Networks and Spatially Persistent Unemployment
Journal of Economic Dynamics and Control
Paiva, Claudio
An Empirical Study of Private Saving in Brazil
Brazilian Journal of Political Economy
Pascual, Antonio G.
Assessing European Stock Market Cointegration
Economics Letters
Purfield, Catriona
Fiscal Adjustment in Transition
Emerging Markets Finance and Trade
Quintyn, Marc; Taylor, Michael W.
Regulatory and Supervisory Independence and Financial Stability
CESIFO Economic Studies
Reinhart, Carmen; Rogoff, Kenneth; Savastano, Miguel
Debt Intolerance
Brookings Papers on Economic Activity
Sayek, Selin; Eshghi, Abdi; Deichmann, Joel; Haughton, Dominique; Teebagy, Nick
Foreign Direct Investment in the Eurasian Transition States
Eastern European Economics
Senhadji, Abdelhak
External Shocks and Debt Accumulation in a Small Open Economy
Review of Economic Dynamics
Tanner, Evan Curtis; Ramos, Alberto
Fiscal Sustainability and Monetary Versus Fiscal Dominance: Evidence from Brazil, 1991–2000
Applied Economics
Unteroberdoerster, Olaf
Trade Policy and Environmental Regulation in the Asia-Pacific: A Simulation
The World Economy
IMF Staff Papers
Volume 50, Number 3
An Unbiased Appraisal of Purchasing Power Parity
Paid Cashin and C. John McDermott
Is Africa Integrated in the Global Economy?
Arvind Subramanian and Natalia T. Tamirisa
The High-Yield Spread as a Predictor of Real Economic Activity: Evidence of a Financial Accelerator for the United States
Ashoka Mody and Mark P. Taylor
The Art of Making Everybody Happy: How to Prevent a Secession
Michel Le Breton and Shlomo Weber
Rationing Rules and Outcomes:
The Experience of Singapore’s Vehicle Quota System
Ling Hui Tan
“Big Bang”Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China
Andrew Feltenstein and Saleh M. Nsouli
Structural Vulnerabilities and Currency Crises
Swati Ghosh and Atish Ghosh
IMF Staff Papers, the IMF’s scholarly journal, is available online at the Research at the IMF website: http://www.imf.org/research.