“Emigration and Wages in Source Countries: Evidence from Mexico”
“Hong Kong Special Administrative Region: Macroeconomic Impact of an Aging Population in a Highly Open Economy”
“Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies”
Mendoza, Enrique G.
“Options for Fiscal Consolidation in the United Kingdom”
Botman, Dennis P. J.; Honjo, Keiko
“What Is Fuzzy About Clustering in West Africa?”
Tsangarides, Charalambos G.; Qureshi, Mahvash Saeed
“Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali”
“Why Are Women Working So Much More in Canada? An International Perspective”
“The Tax System in India: Could Reform Spur Growth?”
“Interest Rate Determination in Lebanon”
Poddar, Tushar; Goswami, Mangal; Sole, Juan; Icaza, Victor Echevarria
“Macroeconomic Effects and Policy Challenges of Population Aging”
Tamirisa, Natalia T.; Faruqee, Hamid
“Uncovered Interest Parity”
“Core Inflation Measures and Statistical Issues in Choosing Among Them”
“Government Debt in Emerging Market Countries: A New Data Set”
Jeanne, Olivier; Guscina, Anastasia
“Determinants of Public-Private Partnerships in Infrastructure”
Hammami, Mona; Ruhashyankiko, Jean-Françis; Yehoue, Etienne B.
“Using the Balance Sheet Approach in Surveillance: Framework, Data Sources, and Data Availability”
Mathisen, Johan; Pellechio, Anthony J.
“Sudden Stops and IMF-Supported Programs”
Eichengreen, Barry J.; Gupta, Poonam; Mody, Ashoka
“IMF Data Standards Initiatives: A Consultative Approach to Enhancing Global Data Transparency”
Kester, Anne Y.
“Mind the Gap—Is Economic Growth in India Leaving Some States Behind?”
“Market-Based Estimation of Default Probabilities and Its Application to Financial Market Surveillance”
Chan-Lau, Jorge A.
“A New Risk Indicator and Stress Testing Tool: A Multifactor Nth-to-Default CDS Basket”
Avesani, Renzo G.; Garcia Pascual, Antonio; Li, Jing
“Aid Scaling Up: Do Wage Bill Ceilings Stand in the Way?”
Fedelino, Annalisa; Schwartz, Gerd; Verhoeven, Marijn
“Idiosyncratic and Systemic Risk in the European Corporate Sector: A CDO Perspective”
Chan-Lau, Jorge A.; Lu, Yinqiu
“Reforming Employment Protection Legislation in France”
“Donor Herding and Domestic Debt Crisis”
Khamfula, Yohane; Mlachila, Montfort; Chirwa, Ephraim W.
“The Role of Interest Rates in Business Cycle Fluctuations in Emerging Market Countries: The Case of Thailand”
Tchakarov, Ivan; Elekdag, Selim
“A Framework for Independent Monetary Policy in China”
Goodfriend, Marvin; Prasad, Eswar
“Fiscal Policy and Interest Rates: How Sustainable Is the ‘New Economy’?”
Hauner, David; Kumar, Manmohan S.
“Growth and Productivity in Papua New Guinea”
“The Korean Crisis: What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal”
Jones, Matthew T.; Karasulu, Meral
“Excess Liquidity and the Effectiveness of Monetary Policy: Evidence from Sub-Saharan Africa”
“Enforcement and the Stability and Growth Pact: How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework”
“A Superior Hybrid Cash-Flow Tax on Corporations”
Zee, Howell H.
“Reflections on Quantitative Fiscal Conditionality in African PRGF-Supported Programs”
Fedelino, Annalisa; Zakharova, Daria
“Fiscal Discipline and Exchange Rate Regimes: Evidence from the Caribbean”
Duttagupta, Rupa; Tolosa, Guillermo
“Fiscal Decentralization and Public Subnational Financial Management in Peru”
Ahmad, Ehtisham; Garcia-Escribano, Mercedes
“Public Debt, Money Supply, and Inflation: A Cross-Country Study and Its Application to Jamaica”
Kwon, Goohoon; McFarlane, Lavern; Robinson, Wayne
“Setting the Operational Framework for Producing Inflation Forecasts”
Canales-Kriljenko, Jorge Iván; Kisinbay, Turgut; Maino, Rodolfo; Parrado, Eric
“Can Budget Institutions Counteract Political Indiscipline?”
Fabrizio, Stefania; Mody, Ashoka
“Indirect Taxes on International Aviation”
Keen, Michael; Strand, Jon
“Regional Convergence in Latin America”
Serra, Maria Isabel; Pazmino, Maria Fernanda; Lindow, Genevieve; Sutton, Bennett; Ramirez, Gustavo
“HIV/AIDS: The Impact on Poverty and Inequality”
Salinas, Gonzalo; Haacker, Markus
“The Lender of Last Resort in the European Single Financial Market”
Schinasi, Garry J.; Teixeira, Pedro Gustavo
“Outcomes-Based Conditionality: Its Role and Optimal Design”
“Immiserizing Foreign Aid: The Role of Tariffs and Nontraded Goods”
“Altruism and Workers’ Remittances: Evidence from Selected Countries in the Middle East and Central Asia”
“Who Saves in Ireland? The Micro Evidence”
“Determinants of Emigrant Deposits in Cape Verde”
“Sudden Stops and Currency Drops: A Historical Look”
“Review and Implementation of Credit Risk Models of the Financial Sector Assessment Program (FSAP)”
Avesani, Renzo G.; Liu, Kexue; Mirestean, Alin; Salvati, Jean
“Putting the New Keynesian Model to a Test”
Peersman, Gert; Straub, Roland
“Nonlinearity in Deviations from Uncovered Interest Parity: An Explanation of the Forward Bias Puzzle”
Sarno, Lucio; Valente, Giorgio; Leon, H. L.
“Structural Reforms in the Euro Area: Economic Impact and Role of Synchronization Across Markets and Countries”
Everaert, Luc; Schule, Werner
“Did Botswana Escape from the Resource Curse?”
“The Credit Risk Transfer Market and Stability Implications for U.K. Financial Institutions”
Chan-Lau, Jorge A.; Ong, Li L.
“Exchange Rate Misalignment: An Application of the Behavioral Equilibrium Exchange Rate (BEER) to Botswana”
“Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union”
Krueger, Russell C.; Kovarich, Ettore
“How Much Is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria”
“Are More Competitive Banking Systems More Stable?”
Schaeck, Klaus; Cihák, Martin; Wolfe, Simon
“Getting Shut Out of the International Capital Markets: It Doesn’t Take Much”
Flood, Robert P.; Marion, Nancy P.
“Aid Volatility and Dutch Disease: Is There a Role for Macroeconomic Policies?”
Prati, Alessandro; Tressel, Thierry
“What Transparency Can Do When Incentives Fail: An Analysis of Rent Capture”
Dabla-Norris, Era; Paul, Elisabeth
“Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study”
Funke, Katja; Nickel, Christiane
“Is Systematic Default Risk Priced in Equity Returns? A Cross-Sectional Analysis Using Credit Derivatives Prices”
Chan-Lau, Jorge A.
“Fundamentals-Based Estimation of Default Probabilities: A Survey”
Chan-Lau, Jorge A.
“An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania”
“Price Impacts of Non-Adoption of the Euro for Small European Countries”
Yelten, Sibel; Anderson, Harald
“Domestic Investment and the Cost of Capital in the Caribbean”
Roache, Shaun K.
“The Euro’s Challenge to the Dollar: Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data”
“The Maastricht Inflation Criterion: How Unpleasant Is Purgatory?”
Bulíř, Aleš; Hurník, Jaromír
“The Impact of Trade on Wages: What If Countries Are Not Small?”
Saito, Mika; Tokutsu, Ichiro
“IMF-Supported Programs and Crisis Prevention: An Analytical Framework”
Kim, Jun Il
“Inflation Targeting in Dollarized Economies”
Leiderman, Leonardo; Maino, Rodolfo; Parrado, Eric
“Inflation, Inequality, and Social Conflict”
Crowe, Christopher W.
“U.S. Inflation Dynamics: What Drives Them Over Different Frequencies?”
Balakrishnan, Ravi; Ouliaris, Sam
“U.S. Dollar Risk Premiums and Capital Flows”
Balakrishnan, Ravi; Tulin, Volodymyr
“Moving to Territoriality? Implications for the United States and the Rest of the World”
“Is Housing Wealth an ‘ATM’? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates”
Klyuev, Vladimir; Mills, Paul S.
“How Do Central Banks Write on Financial Stability?”
“International Policy Coordination and Simple Monetary Policy Rules”
Berger, Wolfram; Wagner, Helmut
“Expenditure Composition and Distortionary Tax for Equitable Economic Growth”
“Macroeconomic Volatility: The Policy Lessons from Latin America”
IMF Working Papers and other IMF publications can be downloaded in full-text format from the “Research at the IMF” website at http://www.imf.org/research.
Call for Papers Conference on New Perspectives on Financial Globalization
The International Monetary Fund will hold a conference on “New Perspectives on Financial Globalization” at its headquarters in Washington on April 26–27, 2007.
The conference, sponsored by the IMF Research Department and Cornell University, aims at providing a forum to present recent theoretical and empirical research on the macroeconomic implications of financial globalization. In particular, the conference will address the following topics: measures of financial globalization; financial globalization and economic development; financial globalization and business cycles; and challenges of financial globalization for economic policy. (See http://www.imf.org/external/np/seminars/eng/2007/finglo/042607.htm for details.)
Interested authors should submit either a draft of their paper or a detailed abstract by December 1, 2006 to email@example.com. Papers presented in this conference will be considered for publication in a symposium issue of the Journal of Development Economics. The papers will go through the standard refereeing process of this journal, and hence there is no precommitment to publish them. Travel and accommodation expenses of paper presenters and discussants will be covered.
The conference organizers are Ayhan Kose, Enrique Mendoza, Eswar Prasad, and Marco Terrones. If you have any question about the conference, please feel free to contact any of the organizers by e-mail at firstname.lastname@example.org.
Visiting Scholars, September 2006–April 2007
Joshua Aizenman; University of California, Santa Cruz; 9/11/06–9/15/06
Angus Deaton; Princeton University; 10/18/06–10/20/06
Alejandro Gaytan; Banco de Mexico; 9/11/06–9/15/06
Simon Johnson; Massachusetts Institute of Technology; 9/1/06–4/30/07
Jiandong Ju; University of Oklahoma; 11/7/06–11/10/06
Panagiotis Konstantinou; University of Rome; 9/18/06–9/29/06
Dirk Muir; Bank of Canada; 10/18/06–10/25/06
Vincenzo Quadrini; University of Southern California; 9/6/06–9/7/06
Jaume Ventura; Center de Recerca en Economia Internacional (CREI) and Universitat Pompeu Fabra, Barcelona; 9/18/06–9/29/06