Journal Issue

External Publications by IMF Staff

International Monetary Fund. Research Dept.
Published Date:
October 2002
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January—June, 2002

Journal Articles

Bartolini, Leonardo; Bertola, Giuseppe; Prati, Alessandro

Day-to-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate

Journal of Money, Credit, and Banking

Bhundia, Ashok; O’Donnell, Gus

U.K. Policy Coordination: The Importance of Institutional Design

Fiscal Studies

Breuer, Peter

Measuring Off-Balance-Sheet Leverage

Journal of Banking and Finance

Cerra, Valerie; Saxena, Sweta Chaman

Contagion, Monsoons, and Domestic Turmoil in Indonesia’s Currency Crisis

Review of International Economics

Clements, Benedict

How Efficient is Education Spending in Europe?

European Review of Economics and Finance

Cordella, Tito; Datta, M.

Intertemporal Cournot and Walras Equilibria: An Illustration

International Economic Review

Cordella, Tito; Levy-Yeyati, Eduardo

Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition

European Economic Review

Davoodi, Hamid; Gupta, Sanjeev; Alonso-Terme, Rosa

Does Corruption Affect Inequality and Poverty?

Economics of Governance

Edison, Hali

Stock Market Wealth Effects and the New Economy: A Cross-Country Study

International Finance

Garibaldi, Pietro; Mauro, Paolo

Anatomy of Employment Growth

Economic Policy

Gershenson, Dmitriy

Sanctions and Civil Conflict


Heijdra, B.J.; Ligthart, Johanna Elisabeth

The Hiring Subsidy Cum Firing Tax in a Search Model of Unemployment

Economics Letters

Hunt, Benjamin; Isard, Peter; Laxton, Douglas

The Macroeconomic Effects of Higher Oil Prices

National Institute Economic Review

Kandil, Magda Elsayed

Asymmetry in Economic Fluctuations in the U.S. Economy: The Pre-War and the 1946–1991 Periods Compared.

International Economic Journal

Asymmetry in the Effects of Monetary and Government Spending Shocks: Contrasting Evidence and Implications

Economic Inquiry

Kandil, Magda Elsayed; Mirzaie, Aghdas

The Effects of Dollar Appreciation on Sectoral Labor Market Adjustments: Theory and Evidence

Quarterly Review of Economics and Finance

Exchange Rate Fluctuations and Disaggregate Economic Activity in the U.S.: Theory and Evidence

Journal of International Money and Finance

Kandil, Magda Elsayed; Woods, Jeffrey

Convergence of the Gender Gap Over the Business Cycle:

A Sectoral Investigation

Journal of Economics and Business

Employment Composition and the Cyclical Behavior of the Aggregate Real Wage

Applied Economics

Keane, Michael; Prasad, Eswar

Inequality, Transfers, and Growth: New Evidence from the Economic Transition in Poland

Review of Economics and Statistics

Keen, Michael; Kotsogiannis, Christos

Does Federalism Lead to Excessively High Taxes?

American Economic Review

Kodres, Laura; Pritsker, Matt

A Rational Expectations Model of Financial Contagion

Journal of Finance

Ley, Eduardo

On Democratic and Plutocratic CPIs

Economics Bulletin

Ley, Eduardo; Macauley, Molly; Salant, Steve

Spatially and Intertemporally Efficient Solid Waste Management

Journal of Environmental Economics and Management

Mauro, Paolo

Stock Returns and Output Growth in Emerging and Advanced Economies

Journal of Development Economics

Mauro, Paolo; Sussman, Nathan; Yafeh, Yishay

Emerging Markets Spreads: Then Versus Now

Quarterly Journal of Economics

Olters, Jan-Peter

Voters, Parties, and the Endogenous Size of Government

The American Journal of Economics and Sociology

Razin, Assaf; Sadka, Efraim; Swagel, Phillip

The Aging Population and the Size of the Welfare State

Journal of Political Economy

Ruiz-Castillo, Javier; Ley, Eduardo; Izquierdo, Mario

Distributional Aspects of the Quality Change Bias in the CPI: Evidence from Spain

Economics Letters

The Laspeyres Bias in the Spanish CPI

Applied Economics

Schellekens, Philip

Caution and Conservatism in the Making of Monetary Policy

Journal of Money, Credit, and Banking

Spilimbergo, Antonio

Copper and the Chilean Economy, 1960–1998

Journal of Policy Reform

Vamvakidis, Athanasios

How Robust Is the Growth-Openness Connection?: Historical Evidence

Journal of Economic Growth

Zee, Howell; Stotsky, Janet; Ley, Eduardo

Tax Incentives for Business Investment: A Primer for Policymakers in Developing Countries

World Development

Contributions to Books and Conference Volumes

Garibaldi, Pietro; Spilimbergo, Antonio

Coping with Illegal Immigration at the New Boundaries of the EU

In Enlarging to a Developing Europe, edited by Tito Boeri and Richard Portes (CEPR).

Gupta, Sanjeev; Clements, Benedict; Guin-Siu, Maria Teresa; Leruth, Luc

Debt Relief and Public Health Spending in Heavily Indebted Poor Countries

In Bulletin of the World Health Organization

Keane, Michael; Prasad, Eswar

Social Transfers and Inequality During the Polish Transition: A New Growth Theory Perspective

In Growth and Inequality: Issues and Policy Implications, edited by Theo Eicher, Stephen Turnovsky, and Hans-Werner Sinn (Cambridge: MIT Press).

Kim, Henry; Kose, Ayhan M.; Plummer, Michael

Contagion or Simple Transmission of Business Cycles?: The Case of the Asian Crisis

In The Post-Financial Challenges for Asian Industrialization, edited by Richard Hooley (Elsevier Science).

Kock, Udo

Social Benefits and the Flow Approach to the Labor Market

In Thela Thesis (Amsterdam).

Lane, Philip R.; Milesi-Ferretti, Gian Maria

Long-Term Capital Movements

In NBER Macroeconomics Annual 2001

Luna, Francesco; Perrone, Alessandro

Agent-Based Methods in Economics and Finance: Simulations in Swarm

In Advances in Computational Economics (Kluwer Academic Publishers).

Parrado, Eric; Velasco, Andrés

Alternative Monetary Rules in the Open Economy: A Welfare-Based Approach

In Inflation Targeting: Design, Performance, Challenges, edited by N. Loayza and R. Soto (Santiago: Central Bank of Chile).

Yang, Yongzheng

Export Competition in Asia and the Role of China

In Developing Countries in the World Trading System—The Uruguay Round and Beyond, edited by Ramesh Adhikari and Prema-chandra Athukorala.

A full and updated listing of external publications of IMF staff (from 1997 onward), including forthcoming publications, can be found in a searchable database at the Research at the IMF website at

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