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.
IMF Working Papers
Working Paper No. 05/93
GDP Growth, Potential Output, and Output Gaps in Mexico
Faal, Ebrima
Working Paper No. 05/94
Regional Trade Integration and WTO Accession: Which is the Right Sequencing? An Application to the CIS
Tumbarello, Patrizia
Working Paper No. 05/95
International Risk Sharing and Currency Unions: The CFA Zones
Yehoue, Etienne B.
Working Paper No. 05/96
Cross-Country Empirical Studies of Systemic Bank Distress: A Survey
Demirgüç-Kunt, Asli; Detragiache, Enrica
Working Paper No. 05/97
Reforming Labor and Product Markets: Some Lessons from Two Decades of Experiments in Europe
Boeri, Tito
Working Paper No. 05/98
Are Emerging Market Countries Learning to Float?
Hakura, Dalia
Working Paper No. 05/99
New Rates from New Weights
Bayoumi, Tamim A.; Lee, Jaewoo; Jayanthi, Sarma
Working Paper No. 05/100
Does Foreign Aid Reduce Poverty? Empirical Evidence from Nongovernmental and Bilateral Aid
Masud, Nadia; Yontcheva, Boriana
Working Paper No. 05/101
Crouching Tiger, Hidden Dragon: What are the Consequences of China’s WTO Entry for India’s Trade
Cerra, Valerie; Rivera, Sandra A.; Saxena, Sweta Chaman
Working Paper No. 05/102
Outsourcing Tariff Evasion: A New Explanation for Entrepot Trade
Fisman, Raymond; Moustakerski, Peter; Wei, Shang-Jin
Working Paper No. 05/103
Technology Diffusion, Services, and Endogenous Growth in Europe. Is the Lisbon Strategy Useful?
Guerrieri, Paolo; Maggi, Bernardo; Meliciani, Valentina; Padoan, Pier Carlo
Working Paper No. 05/104
Reforming the Russian Budget System: A Move to More Devolved Budget Management?
Diamond, Jack
Working Paper No. 05/105
Three Attempts at Inflation Forecasting in Pakistan
Bokil, Madhavi; Schimmelpfennig, Axel
Working Paper No. 05/106
Underlying Factors Driving Fiscal Effort in Emerging Market Economies
Abiad, Abdul; Baig, Taimur
Working Paper No. 05/107
Efficiency and Legitimacy: Trade-Offs in IMF Governance
Cottarelli, Carlo
Working Paper No. 05/108
Subnational Public Financial Management: Institutions and Macroeconomic Considerations
Ahmad, Ehtisham; Albino-War, Maria A; Singh, Raju
Working Paper No. 05/109
What Drives Inflation Expectations in Brazil? An Empirical Analysis
Cerisola, Martin; Gelos, R. Gaston
Working Paper No. 05/110
Foreign Direct Investment in Southeastern Europe: How (and How Much) Can Policies Help?
Demekas, Dimitri G.; Horváth, Balázs; Ribakova, Elina; Wu, Yi
Working Paper No. 05/111
Migration and Foreign Remittances in the Philippines
Burgess, Robert; Haksar, Vikram
Working Paper No. 05/112
Tax Revenue and (or?) Trade Liberalization
Baunsgaard, Thomas; Keen, Michael
Working Paper No. 05/113
Labor Productivity and Real Exchange Rate: The Balassa-Samuelson Disconnect in the Former Yugoslav Republic of Macedonia
Loko, Boileau; Tuladhar, Anita
Working Paper No. 05/114
Latin American Central Bank Reform: Progress and Challenges
Carstens, Agustin; Jácome H., Luis Ignacio
Working Paper No. 05/115
Who Controls the Budget: The Legislature or the Executive?
Lienert, Ian
Working Paper No. 05/116
Does the World Need a Universal Financial Institution?
Boughton, James M.
Working Paper No. 05/117
A Cross-Country Non-Parametric Analysis of Bahrain’s Banking Sector
Grigorian, David A.; Manole, Vlad
Working Paper No. 05/118
Pace and Sequencing of Economic Policies
Zalduendo, Juan
Working Paper No. 05/119
The Dynamic Implications of Foreign Aid and Its Variability
Arellano, Cristina; Bulir, Aleš; Lane, Timothy D.; Lipschitz, Leslie
Working Paper No. 05/120
Deficit Limits, Budget Rules and Fiscal Policy
Manasse, Paolo
Working Paper No. 05/121
On the Viability of Conditional Assistance Programs
Mayer, Wolfgang; Mourmouras, Alex
Working Paper No. 05/122
Regional Integration of Stock Exchanges in Eastern and Southern Africa: Progress and Prospects
Irving, Jacqueline
Working Paper No. 05/123
Endowment versus Finance: A Wooden Barrel Theory of International Trade
Ju, Jiandong; Wei, Shang-Jin
Working Paper No. 05/124
Regional Financial Conglomerates: A Case for Improved Supervision
Majaha-Jartby, Julia; Olafsson, Thordur
Working Paper No. 05/125
Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases
Singh, Manmohan; Andritzky, Jochen R.
Working Paper No. 05/126
What Undermines Aid’s Impact on Growth?
Rajan, Raghuram; Subramanian, Arvind
Working Paper No. 05/127
Aid and Growth: What Does the Cross-Country Evidence Really Show?
Rajan, Raghuram; Subramanian, Arvind
Working Paper No. 05/128
Too Much of a Good Thing? Credit Booms in Transition Economies: The Cases of Bulgaria, Romania, and Ukraine
Duenwald, Christoph; Gueorguiev, Nikolay; Schaechter, Andrea
Working Paper No. 05/129
Bank Behavior in Developing Countries: Evidence from East Africa
Cihák, Martin; Podpiera, Richard
Working Paper No. 05/130
On the Implementation of Transfers to Subnational Governments
Ahmad, Ehtisham; Searle, Bob
Working Paper No. 05/131
Special Agricultural Safeguards: Virtual Benefits and Real Costs-Lessons for the Doha Round
Hallaert, Jean-Jacques
Working Paper No. 05/132
Capital Account Liberalization and the Real Exchange Rate in Chile
LeFort-Varela, Guillermo R.
Working Paper No. 05/133
Slovakia’s 2004 Tax and Welfare Reforms
Moore, David
Working Paper No. 05/134
Wage Flexibility in Turbulent Times: A Practitioner’s Guide
Yamaguchi, Shintaro
Working Paper No. 05/135
The Equilibrium Real Exchange Rate in a Commodity Exporting Country: Algeria’s Experience
Koranchelian, Taline
Working Paper No. 05/136
Liberalization, Prudential Supervision, and Capital Requirements: The Policy Trade-Offs
Ribakova, Elina
Working Paper No. 05/137
Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998–2005
Sturzenegger, Federico; Zettelmeyer, Jeromin