IMF research summaries on Latin America’s external linkages (by Shaun Roache) and on reaping the benefits of structural reforms (by Stephen Tokarick); regional study on the Eastern Caribbean Currency Union (by Paul Cashin and Evridiki Tsounta); listing of visiting scholars at the IMF during March–April 2008; listing of contents of Vol. 55 No. 2 of IMF Staff Papers; listing of recent IMF Working Papers; listing of recent external publications by IMF staff; and a call for papers for the Jacques Polak Ninth Annual Research Conference.

Abstract

IMF research summaries on Latin America’s external linkages (by Shaun Roache) and on reaping the benefits of structural reforms (by Stephen Tokarick); regional study on the Eastern Caribbean Currency Union (by Paul Cashin and Evridiki Tsounta); listing of visiting scholars at the IMF during March–April 2008; listing of contents of Vol. 55 No. 2 of IMF Staff Papers; listing of recent IMF Working Papers; listing of recent external publications by IMF staff; and a call for papers for the Jacques Polak Ninth Annual Research Conference.

Arellano, Cristina; Lipschitz, Leslie; Lane, Timothy

“The Dynamic Implications of Foreign Aid and Its Variability”

Journal of Development Economics

Arora, Vivek

“Monetary Policy Transparency and Financial Market Forecasts in South Africa”

Journal of Economic and Financial Sciences

Bems, Rudolfs

“Aggregate Investment Expenditures on Tradable and Nontradable Goods”

Review of Economic Dynamics

Chamon, Marcos; Mauro, Paolo; Okawa, Yohei

“Cars: Mass Car Ownership in the Emerging Market Giants”

Economic Policy

Chan-Lau, Jorge; Ong, Li Lian

“Estimating the Exposures of Major Financial Institutions to the Global Credit Risk Transfer Market: Are They Sliding the Risks or Dicing with Danger?”

The Journal of Fixed Income

Feyzioglu, Tarhan; Willard, Luke Byrne

“Does China Have Inflationary Effects on the USA and Japan?”

China & World Economy

Hasanov, Fuad; Dacy, Douglas

“Yet Another View on Why a Home is One’s Castle”

Real Estate Economics

Kattani, Linda; Elbdadawi, Ibrahim; Schmidit-Hebbel, Klaus

“Foreign Aid, the Real Exchange Rate, and Economic Growth in the Aftermath of Civil Wars”

World Bank Economic Review

Klemm, Alexander; Hauffer, Andreas; Schjelderup, Guttom

“Redistributive Taxation, Multinational Enterprises, and Economic Integration”

European Journal of Political Economy

Monroe, Hunter

“Are There Natural Problems with no Fastest Algorithm?”

Bulletin of the European Association for Theoretical Computer Science

Smidkova, Katerina

“Striving to Be ‘Clearly Open’ and ‘Crystal Clear’: Monetary Policy Communication of the CNB”

Czech Journal of Economics and Finance

Spilimbergo, Antonio

“Measuring the Performance of Fiscal Policy in Russia”

Emerging Markets Finance and Trade

IMF Staff Papers

Volume 55 Number 2

(forthcoming)

Special Global Economy Model Issue

Foreword

Robert P. Flood

“Getting to Know the Global Economy Model and Its Philosophy”

Douglas Laxton

“The Global Economy Model: Theoretical Framework”

Paolo Pesenti

“The Impact on the United States of the Rise in Energy Prices: Does the Source of the Energy Market Imbalance Matter?”

Jared Bebee and Ben Hunt

“Oil Price Movements and the Global Economy: A Model-Based Assessment”

Selim Elekdag, René Lalonde, Douglas Laxton, Dirk Muir, and Paolo Pesenti

“Productivity and Global Imbalances: The Role of Nontradable Total Factor Productivity in Advanced Economies”

Pietro Cova, Massimiliano Pisani, Nicoletta Batini, and Alessandro Rebucci

“Inflation Targeting and Price-Level-Path Targeting in the Global Economy Model: Some Open Economy Considerations”

Donald Coletti, René Lalonde, and Dirk Muir

“The Macroeconomic Costs and Benefits of Adopting the Euro”

Philippe Karam, Douglas Laxton, David Rose, and Natalia Tamirisa

“Why It Pays to Synchronize Structural Reforms in the Euro Area Across Markets and Countries”

Luc Everaert and Werner Schule

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