Table Of Content

IMF Staff Papers Vol. 48, No. 3 © 2001 International Monetary Fund Volume 48 Index Volume 48 (2001) comprises three issues, as follows: , 1-224 2, 225-423 , 425-620 Authors Alesina, Alberto, Stephan Danninger, and Massimo Rostagno. Redistribution Through Public Employment: The Case of Italy Annett, Anthony. Social Fractionalization, Political Instability, and the Size of the Ee LE EE TT Ee MT eee ee eT T Te Arora, Vivek, and Martin Cerisola. How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? Bayoumi, Tamim, and James Morsink. A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan Boughton, James. Northwest of Suez: The 1956 Crisis and the IMF 425 Bulir, Ales. Income Inequality: Does Inflation Matter? Cerisola, Martin, and Vivek Arora. How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? Chan-Lau, Jorge A., and Zhaohui Chen. Crash-Free Sequencing Development and Liberalization Chen, Zhaohui, and Jorge A. Chan-Lau. Crash-Free Sequencing Development and Liberalization IMF Staff Papers Vol. 48, No. 3 © 2001 International Monetary Fund Volume 48 Index Volume 48 (2001) comprises three issues, as follows: , 1-224 2, 225-423 , 425-620 Authors Alesina, Alberto, Stephan Danninger, and Massimo Rostagno. Redistribution Through Public Employment: The Case of Italy Annett, Anthony. Social Fractionalization, Political Instability, and the Size of the Ee LE EE TT Ee MT eee ee eT T Te Arora, Vivek, and Martin Cerisola. How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? Bayoumi, Tamim, and James Morsink. A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan Boughton, James. Northwest of Suez: The 1956 Crisis and the IMF 425 Bulir, Ales. Income Inequality: Does Inflation Matter? Cerisola, Martin, and Vivek Arora. How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? Chan-Lau, Jorge A., and Zhaohui Chen. Crash-Free Sequencing Development and Liberalization Chen, Zhaohui, and Jorge A. Chan-Lau. Crash-Free Sequencing Development and Liberalization VOLUME 48 INDEX Clements, Benedict, Hamid Davoodi, Jerald Schiff, and Peter Debaere. Military Spending, the Peace DIVIGEnE, ATE RISCAD AO IGUIEME: 5 6.6 oxo oo nid,a «ae lcreiese ada le acta de miele 290 Danninger, Stephan, Alberto Alesina, and Massimo Rostagno. Redistribution Through Public Employment: The Case of Italy Davoodi, Hamid, Benedict Clements, Jerald Schiff, and Peter Debaere. Military Spending, the Peace Mividena. and Riseal Adpisiment «..:4\./2osin sca skaeat ase awe eee 290 Debaere, Peter, Hamid Davoodi, Benedict Clements, and Jerald Schiff. Military Spending, the PCACE EIVIGENG ANG HISCAl AO PNSTIMENE oo o:5.S 20 4 wilersila sean edd Ree weleate ds ear 290 De Zeeuw, Maarten, and Christoph B. Rosenberg. Welfare Effects of Uzbekistan’s Foreign Exchange Regimes Enoch, Charles, Gillian Garcia, and V. Sundararajan. Recapitalizing Banks with Public Fernandez-Arias, Eduardo, and Peter Montiel. Reform and Growth in Latin America: All Pain, No Gain? Funke, Michael, and Ralf Ruhwedel. Product Variety and Economic Growth: Empirical Evidence for the OECD Countries Garcia, Gillian, Charles Enoch, and V. Sundararajan. Recapitalizing Banks with Public Hamann, A. Javier. Exchange-Rate-Based Stabilization: A Critical Look at the Stylized Facts Hoffmaister, Alexander W. Inflation Targeting in Korea: An Empirical Exploration ..... 317 Jonsson, Gunnar, and Arvind Subramanian. Dynamic Gains from Trade: Evidence from South Jonsson, Gunnar. Inflation, Money Demand, and Purchasing Power Parity in South Africa. 243 Khamis, May, and Alfredo M. Leone. Can Currency Demand be Stable Under a Financial CriEnes €aise sOh :MeM e0e o<.5 ood os no oe ese tye weed ean oa een Khan, Mohsin S., and Abdelhak S. Senhadji. Threshold Effects in the Relationship Between Inflation and Growth Leone, Alfredo M., and May Khamis. Can Currency Demand be Stable Under a Financial Crisis: The Case of Mexico Leruth, Luc, Remi Paris, and Ivan Ruzicka. The Complier Pays Principle: The Limits of Fiscal Approaches Towards Sustainable Forest Management ..............200000000 s 397 Ligthart, Jenny E., and Ben J. Heijdra. Deposit-Refund on Labor: A Solution to Equilibrium TEE CSET ETC OLE LTTE PELE ere CRT OE Ce Loayza, Norman, Humberto Lopez, and Angel Ubide. Sectoral Macroeconomic Interdependence: Evidence for Latin America, East Asia, and Europe ............ 367 Lopez, Humberto, Norman Loayza, and Angel Ubide. Sectoral Macroeconomic Interdependence: Evidence for Latin America, East Asia, and Europe ............ 367 611 Volume 48 Index Marquez, Jaime, and Lisa Workman. Modeling the IMF’s Statistical Discrepancy in the Global Current Account vas OD Montiel, Peter, and Eduardo Fernandez-Arias. Reform and Growth in Latin America: All Pain, No Gain? Morsink, James, and Tamim Bayoumi. A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan Paris, Remi, Luc Leruth, and Ivan Ruzicka. The Complier Pays Principle: The Limits of Fiscal Approaches Towards Sustainable Forest Management Rosenberg, Christoph B., and Maarten de Zeeuw. Welfare Effects of Uzbekistan’s Foreign Exchange Regimes Rostagno, Massimo, Alberto Alesina, and Stephan Danninger. Redistribution Through Public Employment: The Case of Italy Ruhwedel, Ralf, and Michael Funke. Product Variety and Economic Growth: Empirical Evidence for the OECD Countries Ruzicka, Ivan, Luc Leruth, and Remi Paris. The Complier Pays Principle: The Limits of Fiscal Approaches Towards Sustainable Forest Management Schiff, Jerald, Hamid Davoodi, Benedict Clements, and Peter Debaere. Military Spending, the PEASE DIVIDER JANG PISCAMACIUSUMONL < a06 .d.ere, 2 sed oo Sieg mo ek ale ewe Siac 290 Senhadji, Abdelhak S., and Mohsin S. Khan. Threshold Effects in the Relationship Between Inflation and Growth Subramanian, Arvind, and Gunnar Jonsson. Dynamic Gains from Trade: Evidence from South Sundararajan, V., Charles Enoch, and Gillian Garcia. Recapitalizing Banks with Public Takagi, Shinji, and Yushi Yoshida. Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-1999... 2.0.0... 266 Ubide, Angel, Norman Loayza, and Humberto Lopez. Sectoral Macroeconomic Interdependence: Evidence for Latin America, East Asia, and Europe ............367 Von Weizsacker, Robert K., and Berthold U.Wigger. Risk, Resources, and Education: Public Versus Private Financing of Higher Education ...........c.e.ce. c.e.ee.ee e 547 Wigger, Berthold U., and Robert K. von Weizsacker. Risk, Resources, and Education: Public Versus Private Financing of Higher Education Workman, Lisa, and Jaime Marquez. Modeling the IMF’s Statistical Discrepancy in the Global Current Account Yoshida, Yushi, and Shinji Takagi. Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-1999 ........... 266 VOLUME 48 INDEX Titles Can Currency Demand be Stable Under a Financial Crisis: The Case of Mexico. By May Khamis and Alfredo M. Leone The Complier Pays Principle: The Limits of Fiscal Approaches Towards Sustainable Forest Management. By Luc Leruth, Remi Paris, and Ivan Ruzicka Crash-Free Sequencing Strategies for Financial Development and Liberalization. By Jorge A. Chan-Lau and Zhaohui Chen Deposit-Refund on Labor: A Solution to Equilibrium Unemployment? By Ben J. Heijdra and Jenny E. Ligthart Dynamic Gains from Trade: Evidence from South Africa. By Gunnar Jonsson and Arvind Subramanian Exchange-Rate-Based Stabilization: A Critical Look at the Stylized Facts. By A. Javier Hamann Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-98. By Shinji Takagi and Yushi Yoshida ........... 266 How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? By Vivek Arora and Martin Cerisola Income Inequality: Does Inflation Matter? By Ales Bulir Inflation, Money Demand, and Purchasing Power Parity in South Africa. By Gunnar Jonsson Inflation Targeting in Korea: An Empirical Exploration. By Alexander W. Hoffmaister .. 317 Military Spending, the Peace Dividend, and Fiscal Adjustment. By Hamid Davoodi, Benedict Clements. Teralg: Scmit an PEIGERUOENG. . S55. co ho ca aes elaine Saaree: 290 Modeling the IMF’s Statistical Discrepancy in the Global Current Account. By Jaime Marquez and Lisa Workman Northwest of Suez: The 1956 Crisis and the IMF. By James Boughton A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan. By James Morsink and Tamim Bayoumi Recapitalizing Banks with Public Funds. By Charles Enoch, Gillian Garcia, and V. SSO NMIAR AAPA oon cid cise eater dm Smo: bcR inse 'oc eg ia Sate wefe eas tarataye Sw bide avatar alae ala ae Redistribution Through Public Employment: The Case of Italy. By Alberto Alesina, Stephan Danninger, and Massimo Rostagno Reform and Growth in Latin America: All Pain, No Gain? By Eduardo Fernandez-Arias and Peter OG of eewte cad cindteis alec eres axed wipe ela idea Shae ee a ae ena ea ata rea ee Risk, Resources, and Education: Public Versus Private Financing of Higher Education. By Berthold U. Wigger and Robert K. von Weizsacker .................0.2-22--- 947 Volume 48 Index Sectoral Macroeconomic Interdependence: Evidence for Latin America, East Asia, and Europe. By Norman Loayza, Humberto Lopez, and Angel Ubide ......................367 Social Fractionalization, Political Instability, and the Size of the Government. By Anthony Threshold Effects in the Relationship Between Inflation and Growth. By Mohsin S. Khan and Abdelhak S. Senhadji Welfare Effects of Uzbekistan’s Foreign Exchange Res Maarten de Zeeuw Subjects To facilitate electronic storage and retrieval of bibliographic data, IMF Staff Papers has adopted the subject classification scheme of the Journal of Economic Literature (Nashville, Tennessee). MATHEMATICAL AND QUANTITATIVE METHODS Econometric Models: Single Equation Models Cross-Sectional Models Income Inequality: Does Inflation Matter? By Ales Bulir Models with Panel Data Product Variety and Economic Growth: Empirical Evidence for the OECD Countries. By Michael Funke and Ralf Ruhwedel Econometric Methods: Multiple/Simultaneous Equation Models Time-Series Models Inflation, Money Demand, and Purchasing Power Parity in South Africa. By Gunnar SSSI .255-s4y share rein We, SS Se wee o aie a a Raed D weAu cidacsl Pace oat Oe ee Econometric Modeling Inflation Targeting in Korea: An Empirical Exploration. By Alexander W. RACSEEEIN RIED ~f oc2 0sc ea,Y at osetia Maniac Sata loa w,'nesewicle sim negate daeaalas -oG lu Wate ot Mra Model Construction and Estimation Can Currency Demand be Stable Under a Financial Crisis: The Case of Mexico. By May RAINS ARG AICO ONG: SCONE i chy.s 0.20a-0 nee 40/9 ase alas edie aee ks orclere ee Model Evaluation and Testing Can Currency Demand be Stable Under a Financial Crisis: The Case of Mexico. By May SHAMS ANCIAL COMISCO E! xc3 )'o-0 :57s isinie Bisss oc csite A Yl Maes ecac eears se ae acoder Modeling the IMF’s Statistical Discrepancy in the Global Current Account. By Jaime Marquez and Lisa Workman VOLUME 48 INDEX MICROECONOMIC Distribution Personal Income and Wealth Distribution Income Inequality: Does Inflation Matter? By Ales Bulir Information and Uncertainty Criteria for Decision-Making under Risk and Uncertainty Risk, Resources, and Education: Public Versus Private Financing of Higher Education. By Berthold U. Wigger and Robert K. von Weizsacker...................-..-547 MATHEMATICAL AND MONETARY ECONOMICS Prices, Business Fluctuations, and Cycles Inflation Targeting in Korea: An Empirical Exploration. By Alexander W. BNO URERNESEUSS oo say ta aacS w zsenw sa haa Sy fo edge aes PY Segre oo ay Ne aca are Price Level; Inflation; Deflation Exchange-Rate-Based Stabilization: A Critical Look at the Stylized Facts. By A. Javier Hamann Income Inequality: Does Inflation Matter? By Ales Bulir Inflation, Money Demand, and Purchasing Power Parity in South Africa. By Gunnar Jonsson Threshold Effects in the Relationship Between Inflation and Growth. By Mohsin S. Khan and Abdelhak S. Senhadji Business Fluctuations; Cycles Sectoral Macroeconomic Interdependence: Evidence for Latin America, East Asia, and Europe. By Norman Loayza, Humberto Lopez, and Angel Ubide .............. 367 Money and Interest Rates Demand for Money Can Currency Demand be Stable Under a Financial Crisis: The Case of Mexico. By May ENSE FOI EO aoc 50 pe ote ends eres GR SeRt DA eRe Inflation, Money Demand, and Purchasing Power Parity in South Africa. By Gunnar EE Se Seer ey ony eee Te Te er Determination of Interest Rates; Term Structure of Interest Rates How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? By Vivek Arora and Martin Cerisola Financial Markets and the Macroeconomy Crash-Free Sequencing Strategies for Financial Development and Liberalization. By Jorge A. Chan-Lau and Zhaohui Chen Monetary Policy, Central Banking, and the Supply of Money and Credit Inflation Targeting in Korea: An Empirical Exploration. By Alexander W. DOL) Er eee en ager amend te emcee hier mime Ct cere re 317 615 Volume 48 Index General A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan. James Morsink and Tamim Bayoumi Money Supply; Credit; Money Multipliers A Peek Inside the Black Box: The Monetary Transmission Mechanism in Japan. James Morsink and Tamim Bayoumi Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation Social Fractionalization, Political Instability, and the Size of the Government. By Anthony Annett Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy Exchange-Rate-Based Stabilization: A Critical Look at the Stylized Facts. By A. Javier Hamann INTERNATIONAL ECONOMICS Trade Country and Industry Studies of Trade Dynamic Gains from Trade: Evidence from South Africa. By Gunnar Jonsson and Arvind Subramanian Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-1999. By Shinji Takagi and Yushi Yoshida .... . 266 International Finance Crash-Free Sequencing Strategies for Financial Development and Liberalization. By Jorge A. Chan-Lau and Zhaohui Chen Foreign Exchange Welfare Effects of Uzbekistan’s Foreign Exchange Regimes. By Christoph B. Rosenberg and Maarten de Zeeuw Current Account Adjusments; Short-term Capital Movements Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-1999. By Shinji Takagi and Yushi Yoshida ..... 266 International Monetary Agreements and Institutions Northwest of Suez: The 1956 Crisis and the IMF. By James Boughton Modeling the IMF’s Statistical Discrepancy in the Global Current Account. By Jaime Marquez and Lisa Workman International Lending and Debt Problems Northwest of Suez: The 1956 Crisis and the IMF. By James Boughton VOLUME 48 INDEX Financial Aspects of Economic Integration How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? By Vivek Arora and Martin Cerisola Macroeconomic Aspects of International Trade and Finance Open Economy Macroeconomics Inflation, Money Demand, and Purchasing Power Parity in South Africa. By Gunnar Jonsson Product Variety and Economic Growth: Empirical Evidence for the OECD Countries. By Michael Funke and Ralf Ruhwedel Economic Growth of Open Economies Dynamic Gains from Trade: Evidence from South Africa. By Gunnar Jonsson and Arvind Subramanian Product Variety and Economic Growth: Empirical Evidence for the OECD Countries. By Michael Funke and Ralf Ruhwedel FINANCIAL ECONOMICS General Financial Markets Recapitalizing Banks with Public Funds. By Charles Enoch, Gillian Garcia, and V. Sundararajan International Financial Markets How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? By Vivek Arora and Martin Cerisola Crash-Free Sequencing Strategies for Financial Development and Liberalization. By Jorge A. Chan-Lau and Zhaohui Chen Financial Institutions and Services Banks; Other Depository Institutions; Mortgages Recapitalizing Banks with Public Funds. By Charles Enoch, Gillian Garcia, and V. a EL Oe BE POE EE CRE OP Tee Ee rere Corporate Finance and Governance Financing Policy; Capital and Ownership Structure Recapitalizing Banks with Public Funds. By Charles Enoch, Gillian Garcia, and V. Sundararajan PUBLIC ECONOMICS Structure and Scope of Government General Military Spending, the Peace Dividend, and Fiscal Adjustment. By Hamid Davoodi, Benedict Clements, Jerald’ Schiff, and Peter Debaere .... 2... sc sccseeeen. 290 Volume 48 Index H2 Taxation and Subsidies Other Welfare Effects of Uzbekistan’s Foreign Exchange Regimes. By Christoph B. Rosenberg and Maarten de Zeeuw Fiscal Policies and Behavior of Economic Agents Other The Complier Pays Principle: The Limits of Fiscal Approaches Towards Sustainable Forest Management. By Luc Leruth, Remi Paris, and Ivan Ruzicka ............: 397 National Government Expenditures and Related Policies General Military Spending, the Peace Dividend, and Fiscal Adjustment. By Hamid Davoodi, Benedict Clements, Jerald Schiff, and Peter Debaere ..................024.. 290 Government Expenditures and Education Risk, Resources, and Education: Public Versus Private Financing of Higher Education. By Berthold U. Wigger and Robert K. von Weizsacker...................... 947 Government Expenditures and Welfare Programs Redistribution Through Public Employment: The Case of Italy. By Alberto Alesina, Stephan Danninger, and Massimo Rostagno National Security and War Military Spending, the Peace Dividend, and Fiscal Adjustment. By Hamid Davoodi, Benedict Clements, Jerald Schiff, and Peter Debaere ....................0.. 290 Miscellaneous Issues Governmental Loans and Credits Recapitalizing Banks with Public Funds. By Charles Enoch, Gillian Garcia, and V. ROUNLAU CANN 2 ok22 0575 oie, teeg sc ntee same Nie toe atl eta ens URN ce Rens vert eAe nett ON 58 HEALTH, EDUCATION, AND WELFARE Education Educational Finance Risk, Resources, and Education: Public Versus Private Financing of Higher Education. By Berthold U. Wigger and Robert K. von Weizsacker......................547 LABOR AND DEMOGRAPHIC ECONOMICS Wages, Compensation, and Labor Costs Deposit-Refund on Labor: A Solution to Equilibrium Unemployment? By Ben J. Heijdra RD Be ok cos res hbk AR Os CaNeue Re eeacanaereeeseee Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. Redistribution Through Public Employment: The Case of Italy. By Alberto Alesina, Stephan Danninger, and Massimo Rostagno