IMF Staff Papers articles from April 2006

IMF Staff Papers archives from April 2006

Russia and the WTO: the "gravity" of outsider status.(research of russia's trade)
April 1, 2006... The role of the World Trade Organization (WTO) in international trade has recently come under increased scrutiny. In a provocative study, Rose (2002) concluded--on the basis of a gravity model--that the effect of the WTO on trade was...

Rent seeking.(analysis of rent)
April 1, 2006... Lack of development, stagnant growth, insecure property rights, income inequality, and widespread rent seeking (1) are common features of many economies. One consequence of such rent seeking is that productive resources are diverted toward...

Exchange rate regimes, location, and specialization.(case study of exchange rates)
April 1, 2006... In the presence of price rigidities, countries tend to be more specialized under flexible exchange rates than under fixed exchange rates, thus suggesting that the pattern of specialization indicated by any trade model is not unique but also...

Exchange rate pass-through in the euro area.(about exchange rates)
April 1, 2006... Against the backdrop of strong global growth, a low-flying recovery in the euro area has struggled to gain altitude, weighed down in part by a substantially stronger euro that had appreciated by roughly 45 percent against the U.S. dollar and 25...

Parity reversion in real exchange rates: fast, slow, or not at all?(analysis of purchasing power parity )
April 1, 2006... Exchange rates have been at the center of policy and academic debates in developing and developed countries, especially since the floating of developed-country exchange rates in the early 1970s, which marked the commencement of the post-Bretton...

New estimates of government net capital stocks for 22 OECD countries, 1960-2001.(Organization for Economic Cooperation and Development)
April 1, 2006... The issue of whether government capital is productive has received a great deal of recent attention. In his seminal contributions, Aschauer (1989a, 1989b) found large positive output effects of government capital in the United States. His...

The IMF and Russia in the 1990s.(services of International Monetary Fund)
April 1, 2006... A remarkably wide range of views has been expressed about the role of the IMF in Russia in the 1990s. Some people believe that most of the economic problems of Russia were attributable to the economic reform policies of successive Russian...