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
Amiti, Mary
Location of Vertically Linked Industries: Agglomeration versus Comparative Advantage
European Economic Review
Amiti, Mary; Pissarides, Christopher
Trade and Industrial Location with Heterogeneous Labour
Journal of International Economics
Amiti, Mary; Wei, Shang-Jin
Fear of Outsourcing: Is it Justified?
Economic Policy
Arora, Vivek; Vamvakidis, Athanasios
The Implications of South African Economic Growth for the Rest of Africa
South African Journal of Economics
Arora, Vivek; Vamvakidis, Athanasios
South Africa as an Engine of Growth in Africa
Trade and Industry Monitor
Brooks, Robin; Del Negro, Marco
Country versus Region Effects in International Stock Returns
Journal of Portfolio Management
Brooks, Robin; Del Negro, Marco
Firm-Level Evidence on International Stock Market Comovement
Review of Finance
Catao, Luis A.; Terrones, Marco E.
Fiscal Deficits and Inflation
Journal of Monetary Economics
Dabla-Norris, Era; Feltenstein, Andrew
An Analysis of the Underground Economy and Its Macroeconomic Consequences
Journal of Policy Reform
De Nicolo, Gianni; Boyd, John
The Theory of Bank Risk-Taking and Competition Revisited
Journal of Finance
Debrun, Xavier; Castellani, Francesca
Designing Macroeconomic Frameworks: A Positive Analysis of Monetary and Fiscal Delegation
International Finance
Debrun, Xavier; Masson, Paul; Pattillo, Catherine
Monetary Union in West Africa: Who Might Gain, Who Might Lose, and Why?
Canadian Journal of Economics
Dell’Ariccia, Giovanni; Cottarelli, Carlo; Vladkova-Hollar, Ivanna
Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans
Journal of Banking and Finance
di Giovanni, Julian
What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening
Journal of International Economics
Feltenstein, Andrew; Iwata, Shigeru
Decentralization and Macroeconomic Performance in China: Regional Autonomy Has Its Costs
Journal of Development Economics
Feltenstein, Andrew; Sarangi, Sudipta
Macroeconomic Stabilization and Growth: The Case of Uganda
African Development Review
Gelos, Gaston R.; Broner, Fernando; Reinhart, Carmen
When in Peril, Retrench: Testing the Portfolio Channel of Contagion
Journal of International Economics
González-Hermosillo, Brenda; Dungey, Mardi; Fry, Renée; Martin, Vance L.
Empirical Modelling of Contagion: A Review of Methodologies
Quantitative Finance
Gupta, Sanjeev; Clements, Benedict; Balducci, Emanuele; Tiongson, Erwin
What Sustains Fiscal Adjustment in Emerging Market Countries?
International Journal of Finance and Economics
Gupta, Sanjeev; Clements, Benedict; Mulas-Granados, Carlos
Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries
Journal of International Money and Finance
Hacker, Scott; Hussain Quaizar
Trading Blocs and Market Performance under Duopolistic Competition
Journal of Economic Integration
Hauner, David
Explaining Efficiency Differences Among Large German and Austrian Banks
Applied Economics
Kandil, Magda
On the Effects of Government Spending Shocks in Developing Countries
Oxford Development Studies
Kandil, Magda
Money, Interest, and Prices: Some International Evidence
International Review of Economics and Finance
Kandil, Magda; Aghdas Mirzaie, Ida
The Effects of Exchange Rate Fluctuations on Output and Prices: Evidence from Developing Countries
Journal of Developing Areas
Keen, Michael; Ligthart, Jenny
Coordinating Tariff Reduction and Domestic Reform Under Imperfect Competition
Review of International Economics
Keen, Michael; Prasad, Eswar
Changes in the Structure of Earnings During the Polish Transition
Journal of Development Economics
Kose, Ayhan; Prasad, Eswar; Terrones, Marco
How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility?
Journal of International Economics
Kose, Ayhan; Rebucci, Alessandro
How Might CAFTA Change Macroeconomic Fluctuations in Central America?
Journal of Asian Economics
Kose, Ayhan; Yi, Kei-Mu
Can the Standard International Business Cycle Model Explain the Relation between Trade and Comovement?
Journal of International Economics
Ley, Eduardo
Whose Inflation? A Characterization of the CPI Plutocratic-Democratic Gap
Oxford Economic Papers
Prasad, Eswar; Rumbaugh, Thomas; Wang, Qing
Putting the Cart Before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China
China and the World Economy
Silver, Mick; Heravi, Saeed
Purchasing Power Parity Measurement and Bias from Inappropriate Item Selection and Quality Comparisons: Principles and an Empirical Study
Journal of Official Statistics
Silver, Mick; Heravi, Saeed
A Failure in the Measurement of Inflation: Results from a Hedonic and Matched Experiment Using Scanner Data
Journal of Business and Economic Statistics
Strand, Jon; Walker, Ian
Water Markets and Demand in Central American Cities
Environment and Development Economics
Other External Publications
Books, Chapters in Books, and Conference Volumes
González-Hermosillo, Brenda; Dungey, Mardi; Fry, Renee; Martin, Vance L.
A Comparison of Alternative Tests of Contagion with Applications
Identifying International Financial Contagion: Progress and Challenges, ed. by Mardi Dungey and Demosthenes N. Tambakis (New York: Oxford University Press)
Silver, Mick; Heravi, Saeed
Hedonic Indexes: A Study of Alternative Methods
Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, ed. by Ernst R. Berndt and Charles M. Hulton (Chicago: University of Chicago Press)
Zettelmeyer, Jeromin; Jeanne, Olivier
Original Sin, Balance Sheet Crises and the Roles of International Lending
Debt Denomination and Financial Instability in Emerging Market Economies, ed. by Barry Eichengreen and Ricardo Hausman (Chicago: University of Chicago Press)
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.