Abstract
New Q&A feature in this issue focuses on "Seven Questions about Recessions" (by Marco Terrones); IMF research summaries on financial stress (by Selim Elekdag) and on the real effects of the 2007–08 financial crisis (by Hui Tong); listing of visiting scholars at the IMF during April–June 2009; listing of recent IMF Working Papers; listing of contents of Vol. 56 No. 2 of IMF Staff Papers; listing of recent external publications by IMF staff; and a feature on Staff Position Notes, the IMF’s new policy paper series, including a list of recent papers.
Journal Articles
Abiad, Abdul; Leigh, Daniel; Mody, Ashoka
“Financial Integration, Capital Mobility, and Income Convergence”
Economic Policy
Arora, Vivek
“Economic Downturn and Fiscal Stimulus: An International Perspective and China's Situation”
China Bond
Arora, Vivek
“The Global Financial Crisis and China's Situation: The Steps Ahead”
China Money
Bahmani, Mohsen; Kandil, Magda
“Are Devaluations Contractionary in MENA Countries?”
Applied Economics
Bunda, Irina; Hamann, A. Javier; Lall, Subir
“Correlations in Emerging Market Bonds: The Role of Local and Global Factors”
Emerging Markets Review
Clausen, Jens; Kandil, Magda
“On Cyclicality in the Current and Financial Accounts: Evidence from Nine Industrial Countries”
Eastern Economic Journal
Diewert, Erwin; Heravi, Saeed; Silver, Mick
“Hedonic Imputation Indexes Versus Time Dummy Hedonic Indexes”
NBER Studies in Income and Wealth
Engel, Charles; Matsumoto, Akito
“The International Diversification Puzzle when Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, not Equity Portfolios”
American Economic Journal: Macroeconomics
Ganelli, Giovanni; Tervala, Juha
“Can Government Spending Increase Private Consumption? The Role of Complementarity”
Economics Letters
Giuliano, Paola; Ruiz-Arranz, Marta
“Remittances, Financial Development, and Growth”
Journal of Development Economics
Guner, Bernhard G.; Rahman, Jesmin; Shi, Haiyan
“Linking Social Development with the Capacity to Carry Debt: Towards an MDG-Consistent Debt-Sustainability Concept”
Development Policy Review
Gupta, Sanjeev; Bornhorst, Fabian; Thornton, John
“Natural Resource Endowments, Governance, and the Domestic Revenue Effort: Evidence from a Panel of Countries”
The European Journal of Political Economy
Hassine, Nadia Belhaj; Kandil, Magda
“Trade Liberalization, Agricultural Productivity, and Poverty in the Mediterranean Region”
European Review of Agricultural Economics
Kandil, Magda
“Demand-Side Stabilization Policies: What is the Evidence of Their Potential?”
Journal of Economics and Business
Kandil, Magda
“Exchange Rate Fluctuations and the Balance of Payments: Channels of Interaction in Developing and Developed Countries”
Journal of Economic Integration
Kandil, Magda
“On the Relation between Financial Flows and the Trade Balance in Developing Countries”
Journal of International Trade and Economic Development
Kannan, Prakash
“On the Welfare Benefits of an International Currency”
European Economic Review
Li, Xiangming; Dunaway, Steve; Leigh, Lamin
“How Robust are Estimates of Equilibrium Real Exchange Rates: The Case of China”
Pacific Economic Review
Mayda, Anna Maria; Steinberg, Chad
“Do South-South Trade Agreements Increase Trade? Commodity-Level Evidence from COMESA”
Canadian Journal of Economics
Mercereau, Benoit; Miniane, Jacques
“Should We Trust the Empirical Evidence from Present Value Models of the Current Account”
Economics E-Journal
Šmídková, Katerina; Bulír, Aleš Cihák, Martin
“Hits and Misses: Ten Years of Czech Inflation Targeting” Czech Journal of Finance and Economics
Tanner, Evan; Carey, Kevin
“The Perils of Tax Smoothing: Sustainable Fiscal Policy with Random Shocks to Permanent Output”
Czech Journal of Finance and Economics
Ueda, Kenichi; Townsend, Robert M
“Welfare Gains From Financial Liberalization”
International Economic Review
Yartey, Charles Amo
“Capital Market Liberalization and Development”
Journal of International Trade and Economic Development