IMF Working Papers

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1996/091: Unemployment in Greece: A Survey of the Issues

Dimitri Demekas and Zenon Kontolemis

1996/090: Stock-Market Equilibrium and the Dividend Yield

Charles Kramer

1996/089: How Accurate Are the Imf's Short-Term Forecasts? Another Examination of the World Economic Outlook

Michael Artis

1996/088: Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States

Michael Leidy

1996/087: U.S. Private Saving and the Tax Treatment of IRA/401(k)s: A Re-examination Using Household Survey Data

Alun Thomas and Christopher Towe

1996/086: Capital Flows in a Transitional Economy and the Sterilization Dilemma: The Hungarian Case

Pierre Siklos

1996/085: Are Australia's Current Account Deficits Excessive?

Christopher McDermott and Paul Cashin

1996/084: Policy towards Commodity Shocks in Developing Countries

Jan Willem Gunning and Paul Collier

1996/083: Deposit Insurance: Obtaining the Benefits and Avoiding the Pitfalls

G. Garcia

1996/082: Volatility of Oil Prices

Peter Wickham

1996/081: Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence

Eswar Prasad and Tamim Bayoumi

1996/080: Deja Vu All Over Again? the Mexican Crisis and the Stabilization of Uruguay in the 1970's

Mario Bléjer and Graciana Castillo

1996/079: The Efficiency of VAT Implementation: A Comparative Study of Central and Eastern European Countries in Transition

William Jack

1996/078: Budget Processes and Commitment to Fiscal Discipline

International Monetary Fund

1996/077: The Role of Labor Market Rigidities During the Transition: Lessons From Poland

Thierry Pujol

1996/076: Generational Accounts, Aggregate Savings, and Intergenerational Distribution

Willem Buiter

1996/075: Why is China Growing so Fast?

Mohsin Khan and Zuliu Hu

1996/074: Pension Reform in Belgium

International Monetary Fund

1996/073: The Case for Accrual Recording in the IMF's Government Finance Statistics System

Don Efford

1996/072: The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability

Francesco Mongelli

1996/071: Recent Trade Policies and An Approach to Further Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union

Michael Leidy and Ali Ibrahim

1996/070: Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects

Alberto Alesina and Roberto Perotti

1996/069: Does the Gap Model Work in Asia?

Christopher McDermott and David Coe

1996/068: FEERs and Uncertainty: Confidence Intervals for the Fundamental Equilibrium Exchange Rate of the Canadian Dollar

Charles Kramer

1996/067: Equivalence of the Production and Consumption Methods of Calcuting the Value-Added Tax Base: Application in Zambia

Anthony Pellechio and Catharine Hill

1996/066: Macroeconomic Implications of Money Laundering

Peter Quirk

1996/065: Inflation Targeting: Theory and Policy Implications

J. Green

1996/064: Worldwide Military Spending, 1990-1995

Jerald Schiff, Benedict Clements and Sanjeev Gupta

1996/063: Bank-By-Bank Credit Ceilings: Issues and Experiences

Mitra Farahbaksh and Gabriel Sensenbrenner

1996/062: Broad Money Demand and Financial Liberalization in Greece

Sunil Sharma and Neil Ericsson

1996/061: Fiscal Transition in Countries of the Former Soviet Union: An Interim Assessment

Jeffrey Davis and A Cheasty

1996/060: Fiscal Rules and the Budget Process

Gian Maria Milesi-Ferretti

1996/059: An Empirical Analysis of Fiscal Adjustments

Robert Westcott and Christopher McDermott

1996/058: What Determines the Current Account? a Cross-Sectional and Panel Approach

Hamid Faruqee and Guy Debelle

1996/057: Moderate Inflation in Poland: A Real Story

Thierry Pujol and Mark Griffiths

1996/056: Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics

Vincent Bodart

1996/055: Money Laundering and the International Financial System

Vito Tanzi

1996/054: Have North-South Growth Linkages Changed?

Alexander Hoffmaister, Mahmood Pradhan and Hossein Samiei

1996/053: Implications of a Surge in Capital Inflows: Available tools and Consequences for the Conduct of Monetary Policy

Jang-Yung Lee

1996/052: Budget Deficits and Budget Institutions

Alberto Alesina and Roberto Perotti

1996/051: Credit and Exchange Rate-Based Stabilization

May Khamis

1996/050: Estimation of the Near Unit Root Model of Real Exchange Rates

Christopher McDermott

1996/049: Infrequent Large Nominal Devaluations and their Impacton the Futures Prices for Foreign Exchange in Brazil

International Monetary Fund

1996/048: Wage Indexation and the Cost of Disinflation

Esteban Jadresic

1996/047: R&D Spillovers and Global Growth

Tamim Bayoumi, Elhanan Helpman and David Coe

1996/046: The Output-Inflation Nexus in Ukraine: Is there a Trade-Off?

Atish Ghosh

1996/045: Taxation and Unemployment

Howell Zee

1996/044: Inflation Targeting in the United Kingdom: Information Content of Financial and Monetary Variables

Josef Baumgartner and Ramana Ramaswamy

1996/043: German Unification: What Have We Learned From Multi-Country Models?

Joseph Gagnon, Paul Masson and Warwick McKibbin

1996/042: Long-Term Trends in the Saving-Investment Balance and Persistent Current Account Surpluses in a Small Open Economy: The Case of the Netherlands

Ioannis Halikias

1996/041: Mexico'S Currency Risk Premia in 1992-1994: A Closer Look At the Interest Rate Differentials

Alejandro Werner

1996/040: Transfers, Social Safety Nets, and Economic Growth

Xavier Sala-i-Martin

1996/039: Currency Convertibility and the Fund: Review and Prognosis

Vicente Galbis

1996/038: Rational Liquidity Crises in the Sovereign Debt Market: In Search of a Theory

Enrica Detragiache

1996/037: The Reform of Wholesale Payment Systems and its Impacton Financial Markets

Dirk Schoenmaker, Peter Garber and D. Folkerts-Landau

1996/036: Italian Unemployment 1975-1995: An Analysis of Macroeconomic Shocks and Policies Using Evidence From a Structural Vector Autoregression

Charalambos Christofides

1996/035: A Destination VAT for CIS Trade

Victoria Perry, Katherine Baer and Emil Sunley

1996/034: Have Institutional Investors Destabilized Emerging Markets?

Brian Aitken

1996/033: Fiscal Balance During Inflation, Disinflation, and Immigration: Policy Lessons

Assaf Razin and Efraim Sadka

1996/032: Working Paper Summaries (WP/95/62 - 95/146)

International Monetary Fund

1996/031: Stabilization and Growth in Transition Economies: The Early Experience

Stanley Fischer, Carlos Végh Gramont and Ratna Sahay

1996/030: Is MENA a Region? The Scope for Regional Integration

Stanley Fischer and Mohamed El-Erian

1996/029: Volatility and Predictability in National Stock Markets: How Do Emerging and Mature Markets Differ?

Anthony Richards

1996/028: Comovements in National Stock Market Returns: Evidence of Predictability But Not Cointegration

Anthony Richards

1996/027: Real Exchange Rates and Commodity Prices

Dominique Dupont and V. Juan-Ramon

1996/026: A Pecking Order Theory of Capital Inflows and International Tax Principles

Chi-Wa Yuen, Assaf Razin and Efraim Sadka

1996/025: Capital Inflows and Policy Responses in the AsEAN Region

Linda Koenig

1996/024: The 1987 Mexican Disinflation Program: An Exchange-Rate-Based Stabilization?

Julio Santaella and Abraham Vela

1996/023: Selected WTO Rules and Some Implications for Fund Policy Advice

Thierry Buchs

1996/022: Capital Inflows in the Baltic Countries, Russia, and Other Countries of the Former Soviet Union: Monetary and Prudential Issues

Alain Ize

1996/021: Jumps, Martingales, and Foreign Exchange Futures Prices

Zuliu Hu

1996/020: The Sources of Macroeconomic Fluctuations in Developing Countries: Brazil and Korea

Jorge Roldos and Alexander Hoffmaister

1996/019: Do Government Wage Cuts Close Budget Deficits? a Conceptual Framework for Developing Countries and Transition Economies

International Monetary Fund

1996/018: The Role of Credit Markets in a Transition Economy with Incomplete Public Information

Jorge Roldos and Kenneth Kletzer

1996/017: Should the IMF Become More Adaptive?

Ian Clark

1996/016: Employment Protection, International Specialization, and innovation

Gilles Saint-Paul

1996/015: Financial Development and Economic Growth: An Economic Analysis for Singapore

Lamin Leigh

1996/014: Economic Transformation and Income Distribution: Some Evidence From the Baltic Countries

Beatrice Weder and Peter Cornelius

1996/013: An Analysis of the Optimal Provision of Public Infrastructure: A Computational Model Using Mexican Data

Andrew Feltenstein and Jiming Ha

1996/012: Banking Sector Fragility and Systemic Sources of Fragility

Brenda Gonzalez-Hermosillo

1996/011: Private Bond Restructurings: Lessons for the Case of Sovereign Debtors

Marco Piñón-Farah

1996/010: Internal Currency Convertibility - Survey of Issues and Practice

Alexander Kyei and Takashi Yoshimura

1996/009: The Economic Content of Indicators of Developing Country Creditworthiness

International Monetary Fund

1996/008: Implications of the Uruguay Round for Kenya

Rupa Chandha

1996/007: Effects of the Uruguay Roundon Egypt and Morocco

Arvind Subramanian, Clinton Shiells and Peter Uimonen

1996/006: The Mexican Peso Crisis: Overview and Analysis of Credibility Factors

Paul Masson and Pierre-Richard Agénor

1996/005: Presumptive Taxation in Sub-Saharan Africa: Experiences and Prospects

Helaway Tadesse and Günther Taube

1996/004: Dollarization in Latin America: Recent Evidence and Some Policy Issues

Miguel Savastano

1996/003: Aspects of the Swiss Labor Market

Paula De Masi and S. Henry

1996/002: Institutional Investors and Asset Pricing in Emerging Markets

Elaine Buckberg

1996/001: Central Bank Independence: A Free Lunch?

Guy Debelle

1995/146: Transformation of Markets and Policy Instruments for Open Market Operations

S. Axilrod

1995/145: A General Equilibrium Approach to Interenterprise Arrears in Transition Economies with Application to Russia

Goohoon Kwon and Se-Jik Kim

1995/144: A Model of the Bimetallic System

Stefan Oppers

1995/143: The Uruguay Round and Net Food Importers

Uwe Eiteljörge and Clinton Shiells

1995/142: Macroeconomic Shocks and Trade Flows within Sub-Saharan Africa: Implications for Optimum Currency Arrangements

Tamim Bayoumi and Jonathan Ostry

1995/141: Financial Sector Reforms in Eight Countries: Issues and Results

Vicente Galbis

1995/140: Inflation Dynamics in Kazakstan

International Monetary Fund

1995/139: A Survey of Economic Policies and Macroeconomic Performance in Chile and Colombia, 1970-95

Sergio Clavijo

1995/138: Trade Policies and Lithuania's Reintegration Into the Global Economy

Peter Cornelius, Jonas Cicinskas and Dalia Treigiené