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IMF Working Papers

From International Monetary Fund
International Monetary Fund, Washington, DC USA.
Contact information at EDIRC.

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1996/132: Real Exchange Rate Fluctuations and the Business Cycle: Evidence From Japan Downloads
Eswar Prasad and Bankim Chadha
1996/131: Capital Mobility and Exchange Market Intervention in Developing Countries Downloads
Liliana Rojas-Suarez, Donald Mathieson and Michael Dooley
1996/130: National Accounts in Transition Countries: Distortions and Biases Downloads
Adriaan Bloem, Paul Cotterell and Terry Gigantes
1996/129: Business Cycle in Czechoslovakia Under Central Planning: Were Credit Shocks Causing it? Downloads
Ales Bulir
1996/128: The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control Downloads
International Monetary Fund
1996/127: The Brady-Euro Yield Differential Debate: Why Arbitrage is Infeasible Downloads
Federico Kaune Moreno and Elaine Buckberg
1996/126: Health and Education Expenditures in Russia, the Baltic States, and the Other Countries of the Former Soviet Union Downloads
Mark Horton
1996/125: Equilibrium Exchange Rates in Transition Economies Downloads
László Halpern and Charles Wyplosz
1996/124: Investment and Growth in the Middle East and North Africa Downloads
Amer Bisat, Mohamed El-Erian, Mahmoud El-Gamal and Francesco Mongelli
1996/123: Issues and New Directions in Public Expenditure Management Downloads
A. Premchand
1996/122: Accountability and Transparency in the Public Sector: The New Zealand Experience Downloads
M. Cangiano
1996/121: Wage Indexation and Macroeconomic Stability: The Gray-Fischer Theorem Revisted Downloads
Esteban Jadresic
1996/120: The Taxation Implicit in Two-Tiered Exchange Rate Systems Downloads
Harry Huizinga
1996/119: Fiscal Policy and Long-Run Growth Downloads
Vito Tanzi and Howell Zee
1996/118: Macroeconomic Fluctuations and Equilibrium Discount Factors Downloads
Charles Kramer
1996/117: Race to the Center: Competition for the Nikkei 225 Futures Trade Downloads
Takatoshi Ito and Wen-Ling Lin
1996/116: Growth Accounting and Growth Processes Downloads
Jahangir Aziz
1996/115: Additional Evidenceon Ems Interest Rate Linkages Downloads
John Thornton and Alicia García-Herrero
1996/114: Exchange Rate Pass-Through in Spain Downloads
Zuzana Murgasova
1996/113: Japan's Medium: and Long-Term Fiscal Challenges Downloads
K. Okamura
1996/112: Macroeconomic Experiences of the Transition Economies in Indochina Downloads
Chi Pham, Ajai Chopra, John Dodsworth and Hisanobu Shishido
1996/111: Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States Downloads
Douglas Laxton and Guy Debelle
1996/110: Current Account Sustainability: Selected East Asian and Latin American Experiences Downloads
Assaf Razin and Gian Maria Milesi-Ferretti
1996/109: Inflation, Nominal Interest Rates, and the Variability of Output Downloads
Bankim Chadha and Daniel Tsiddon
1996/108: Monetary Policy in Central and Eastern Europe: Lessons After Half a Decade of Transition Downloads
David Begg
1996/107: Domestic, Foreign or Common Shocks? Downloads
Stefania Fabrizio and Humberto Lopez
1996/106: A Robust and Efficient Method for Solving Nonlinear Rational Expectations Models Downloads
Michel Juillard and Douglas Laxton
1996/105: Investment in Inflationary Economies Downloads
Eduardo Levy Yeyati
1996/104: Noise Traders and Herding Behavior Downloads
Lee Redding
1996/103: Improving the Efficiency of the U.S. CPI Downloads
Paul Armknecht Jr.
1996/102: Erosion of Expenditure Management System: An Unintended Consequence of Donor Approaches Downloads
A. Premchand
1996/101: Privatization and Restructuring: An Incomplete-Contract Approach Downloads
Dieter Bös
1996/100: The Feldstein-Horioka Test of International Capital Mobility: Is it Feasible? Downloads
W. Jos Jansen
1996/099: Gender Bias in Tax Systems Downloads
Janet Stotsky
1996/098: The Effects of Corruption on Growth, Investment, and Government Expenditure Downloads
Paolo Mauro
1996/097: Income Distribution and Macroeconomic Performance in the United States Downloads
Jeffrey Cole and Christopher Towe
1996/096: The Social Safety Net in Albania Downloads
Natasha Koliadina
1996/095: Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar: A Case for Partial Liberalization Downloads
Kenneth Chan and Kee Ngiam
1996/094: Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence From Chile Downloads
Robert Holzmann
1996/093: Policy Complementarities: The Case for Fundamental Labor Market Reform Downloads
Dennis Snower and David Coe
1996/092: Regional Growth in Mexico: 1970-1993 Downloads
V. Juan-Ramon and Luis Rivera-Batiz
1996/091: Unemployment in Greece: A Survey of the Issues Downloads
Dimitri Demekas and Zenon Kontolemis
1996/090: Stock-Market Equilibrium and the Dividend Yield Downloads
Charles Kramer
1996/089: How Accurate Are the Imf's Short-Term Forecasts? Another Examination of the World Economic Outlook Downloads
Michael Artis
1996/088: Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States Downloads
Michael Leidy
1996/087: U.S. Private Saving and the Tax Treatment of IRA/401(k)s: A Re-examination Using Household Survey Data Downloads
Alun Thomas and Christopher Towe
1996/086: Capital Flows in a Transitional Economy and the Sterilization Dilemma: The Hungarian Case Downloads
Pierre Siklos
1996/085: Are Australia's Current Account Deficits Excessive? Downloads
Christopher McDermott and Paul Cashin
1996/084: Policy towards Commodity Shocks in Developing Countries Downloads
Jan Willem Gunning and Paul Collier
1996/083: Deposit Insurance: Obtaining the Benefits and Avoiding the Pitfalls Downloads
G. Garcia
1996/082: Volatility of Oil Prices Downloads
Peter Wickham
1996/081: Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence Downloads
Eswar Prasad and Tamim Bayoumi
1996/080: Deja Vu All Over Again? the Mexican Crisis and the Stabilization of Uruguay in the 1970's Downloads
Mario Bléjer and Graciana Castillo
1996/079: The Efficiency of VAT Implementation: A Comparative Study of Central and Eastern European Countries in Transition Downloads
William Jack
1996/078: Budget Processes and Commitment to Fiscal Discipline Downloads
International Monetary Fund
1996/077: The Role of Labor Market Rigidities During the Transition: Lessons From Poland Downloads
Thierry Pujol
1996/076: Generational Accounts, Aggregate Savings, and Intergenerational Distribution Downloads
Willem Buiter
1996/075: Why is China Growing so Fast? Downloads
Mohsin Khan and Zuliu Hu
1996/074: Pension Reform in Belgium Downloads
International Monetary Fund
1996/073: The Case for Accrual Recording in the IMF's Government Finance Statistics System Downloads
Don Efford
1996/072: The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability Downloads
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 Downloads
Michael Leidy and Ali Ibrahim
1996/070: Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects Downloads
Alberto Alesina and Roberto Perotti
1996/069: Does the Gap Model Work in Asia? Downloads
Christopher McDermott and David Coe
1996/068: FEERs and Uncertainty: Confidence Intervals for the Fundamental Equilibrium Exchange Rate of the Canadian Dollar Downloads
Charles Kramer
1996/067: Equivalence of the Production and Consumption Methods of Calcuting the Value-Added Tax Base: Application in Zambia Downloads
Anthony Pellechio and Catharine Hill
1996/066: Macroeconomic Implications of Money Laundering Downloads
Peter Quirk
1996/065: Inflation Targeting: Theory and Policy Implications Downloads
J. Green
1996/064: Worldwide Military Spending, 1990-1995 Downloads
Jerald Schiff, Benedict Clements and Sanjeev Gupta
1996/063: Bank-By-Bank Credit Ceilings: Issues and Experiences Downloads
Mitra Farahbaksh and Gabriel Sensenbrenner
1996/062: Broad Money Demand and Financial Liberalization in Greece Downloads
Sunil Sharma and Neil Ericsson
1996/061: Fiscal Transition in Countries of the Former Soviet Union: An Interim Assessment Downloads
Jeffrey Davis and A Cheasty
1996/060: Fiscal Rules and the Budget Process Downloads
Gian Maria Milesi-Ferretti
1996/059: An Empirical Analysis of Fiscal Adjustments Downloads
Robert Westcott and Christopher McDermott
1996/058: What Determines the Current Account? a Cross-Sectional and Panel Approach Downloads
Hamid Faruqee and Guy Debelle
1996/057: Moderate Inflation in Poland: A Real Story Downloads
Thierry Pujol and Mark Griffiths
1996/056: Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics Downloads
Vincent Bodart
1996/055: Money Laundering and the International Financial System Downloads
Vito Tanzi
1996/054: Have North-South Growth Linkages Changed? Downloads
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 Downloads
Jang-Yung Lee
1996/052: Budget Deficits and Budget Institutions Downloads
Alberto Alesina and Roberto Perotti
1996/051: Credit and Exchange Rate-Based Stabilization Downloads
May Khamis
1996/050: Estimation of the Near Unit Root Model of Real Exchange Rates Downloads
Christopher McDermott
1996/049: Infrequent Large Nominal Devaluations and their Impacton the Futures Prices for Foreign Exchange in Brazil Downloads
International Monetary Fund
1996/048: Wage Indexation and the Cost of Disinflation Downloads
Esteban Jadresic
1996/047: R&D Spillovers and Global Growth Downloads
Tamim Bayoumi, Elhanan Helpman and David Coe
1996/046: The Output-Inflation Nexus in Ukraine: Is there a Trade-Off? Downloads
Atish Ghosh
1996/045: Taxation and Unemployment Downloads
Howell Zee
1996/044: Inflation Targeting in the United Kingdom: Information Content of Financial and Monetary Variables Downloads
Josef Baumgartner and Ramana Ramaswamy
1996/043: German Unification: What Have We Learned From Multi-Country Models? Downloads
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 Downloads
Ioannis Halikias
1996/041: Mexico'S Currency Risk Premia in 1992-1994: A Closer Look At the Interest Rate Differentials Downloads
Alejandro Werner
1996/040: Transfers, Social Safety Nets, and Economic Growth Downloads
Xavier Sala-i-Martin
1996/039: Currency Convertibility and the Fund: Review and Prognosis Downloads
Vicente Galbis
1996/038: Rational Liquidity Crises in the Sovereign Debt Market: In Search of a Theory Downloads
Enrica Detragiache
1996/037: The Reform of Wholesale Payment Systems and its Impacton Financial Markets Downloads
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 Downloads
Charalambos Christofides
1996/035: A Destination VAT for CIS Trade Downloads
Victoria Perry, Katherine Baer and Emil Sunley
1996/034: Have Institutional Investors Destabilized Emerging Markets? Downloads
Brian Aitken
1996/033: Fiscal Balance During Inflation, Disinflation, and Immigration: Policy Lessons Downloads
Assaf Razin and Efraim Sadka
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