International Monetary Fund Staff Papers articles

Recent articles from International Monetary Fund Staff Papers

Consumption and Income Inequality During the Transition to a Market Economy: Poland, 1985-1992.(Statistical Data Included)
December 26, 2001... ********** Eswar Prasad (*) Poland experienced a sudden economic transformation in late 1989 and early 1990 that has become known as the "big bang." The noncommunist government that took power in 1989 ended food price controls in August 1989 and ended price controls on most other...

The Interest Rate-Exchange Rate Nexus in Currency Crises.(Statistical Data Included)
December 26, 2001... ********** Atish Ghosh (*) One of the more controversial elements of the stabilization programs in the East Asian crisis countries (Indonesia, Korea, and Thailand) was the stance of monetary policy. With the sharp exchange rate depreciations experienced at the onset of the crisis,...

Exchange Rate Regimes and Economic Performance.(Statistical Data Included)
December 26, 2001... ********** Federico Sturzenegger (*) The proper assessment of the costs and benefits of alternative exchange rate regimes has been a hotly debated issue and remains perhaps one of the most important questions in international finance. The theoretical literature has concentrated on...

Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes.(Statistical Data Included)
December 26, 2001... ********** Andrew K. Rose (*) This paper studies fiscal policy in countries that have chosen an extreme monetary stance. We think of a country as having an extreme monetary policy if it is in either a currency board or a common currency area. In much of our analysis, we distinguish...

International Macroeconomics: Beyond the Mundell-Fleming Model. (Mundell-Fleming Lecture).(Maurice Obstfeld address)(Transcript)
December 26, 2001... ********** Maurice Obstfeld (*) Modern international macroeconomics progresses in two main ways. First, techniques or paradigms developed in mainstream micro or macro theory have been applied in an international setting. Second, researchers probe more deeply, using both theoretical...