Table Of Content

IMF Staff Papers Vol. 43, No. 4 (December 1996) © 1996 International Monetary Fund Volume 43 Index Volume 43 (1996) comprises four issues, as follows: March, pages 1-260 June, pages 261-460 September, pages 461-638 December, pages 639-841 Authors Agénor, Pierre-Richard. The Labor Market and Economic Adjustment ... Bartolini, Leonardo, and Gordon M. Bodnar. Are Exchange Rates Exces- sively Volatile? And What Does “Excessively Volatile” Mean, PUMA RO D2 eects oeNa a acs a ag Pc g oresg Aes]c es\'ssw is5e a ace Wa ORRS v caene r Bodart, Vincent, and Jean Le Dem. Labor Market Representation in Quan- titative Macroeconomic Models for Developing Countries: An Appli- cation to Céte d’ Ivoire Bodnar, Gordon M., and Leonardo Bartolini. Are Exchange Rates Exces- sively Volatile? And What Does “Excessively Volatile” Mean, PREIS SI 0,a ts p auinis ouot isoesc fate wlboisiev ela oiiavslte iye yoa ne, boa,M i lao sea Buckberg, Elaine, and Alun Thomas. Wage Dispersion in the 1980s: Resur- recting the Role of Trade Through the Effects of Durable Employment Changes Cashin, Paul, and Ratna Sahay. Internal Migration, Center-State Grants, and Economic Growth in the States of India Clark, Peter, Douglas Laxton, and David Rose. Asymmetry in the U.S. Out- put-Inflation Nexus Cornelius, Peter K., and Beatrice S. Weder. Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries De Masi, Paula, and Vincent Koen. Relative Price Convergence in Russia . Detragiache, Enrica. Rational Liquidity Crises in the Sovereign Debt Mar- ket: In Search of a Theory Dooley, Michael P. A Survey of Literature on Controls Over International Capital Transactions Feldman, Robert A., and Vincent Reinhart. Auction Format Matters: Evi- dence on Bidding Behavior and Seller Revenue Ghura, Dhaneshwar, and Michael T. Hadjimichael. Growth in Sub-Saharan 830 IMF Staff Papers Vol. 43, No. 4 (December 1996) © 1996 International Monetary Fund Volume 43 Index Volume 43 (1996) comprises four issues, as follows: March, pages 1-260 June, pages 261-460 September, pages 461-638 December, pages 639-841 Authors Agénor, Pierre-Richard. The Labor Market and Economic Adjustment ... Bartolini, Leonardo, and Gordon M. Bodnar. Are Exchange Rates Exces- sively Volatile? And What Does “Excessively Volatile” Mean, PUMA RO D2 eects oeNa a acs a ag Pc g oresg Aes]c es\'ssw is5e a ace Wa ORRS v caene r Bodart, Vincent, and Jean Le Dem. Labor Market Representation in Quan- titative Macroeconomic Models for Developing Countries: An Appli- cation to Céte d’ Ivoire Bodnar, Gordon M., and Leonardo Bartolini. Are Exchange Rates Exces- sively Volatile? And What Does “Excessively Volatile” Mean, PREIS SI 0,a ts p auinis ouot isoesc fate wlboisiev ela oiiavslte iye yoa ne, boa,M i lao sea Buckberg, Elaine, and Alun Thomas. Wage Dispersion in the 1980s: Resur- recting the Role of Trade Through the Effects of Durable Employment Changes Cashin, Paul, and Ratna Sahay. Internal Migration, Center-State Grants, and Economic Growth in the States of India Clark, Peter, Douglas Laxton, and David Rose. Asymmetry in the U.S. Out- put-Inflation Nexus Cornelius, Peter K., and Beatrice S. Weder. Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries De Masi, Paula, and Vincent Koen. Relative Price Convergence in Russia . Detragiache, Enrica. Rational Liquidity Crises in the Sovereign Debt Mar- ket: In Search of a Theory Dooley, Michael P. A Survey of Literature on Controls Over International Capital Transactions Feldman, Robert A., and Vincent Reinhart. Auction Format Matters: Evi- dence on Bidding Behavior and Seller Revenue Ghura, Dhaneshwar, and Michael T. Hadjimichael. Growth in Sub-Saharan 830 VOLUME 43 INDEX Hadjimichael, Michael T., and Dhaneshwar Ghura. Growth in Sub-Saharan Haque, Nadeem Ul, Manmohan S. Kumar, Nelson Mark, and Donald J. Mathieson. The Economic Content of Indicators of Developing Coun- try Creditworthiness Haque, Nadeem Ul, and Ratna Sahay. Do Government Wage Cuts Close Budget Deficits? Costs of Corruption Hoffmaister, Alexander W., and Carlos A. Végh. Disinflation and the Re- cession-Now-Versus-Recession-Later Hypothesis: Evidence from Uruguay Jadresic, Esteban. Wage Indexation and the Cost of Disinflation Knight, Malcolm, Norman Loayza, and Delano Villanueva. The Peace Divi- dend: Military Spending Cuts and Economic Growth Koen, Vincent, and Paula De Masi. Relative Price Convergence in Russia . Kumar, Manmohan S., Nadeem UI] Haque, Nelson Mark, and Donald J. Mathieson. The Economic Content of Indicators of Developing Coun- try Creditworthiness Laxton, Douglas, Peter Clark, and David Rose. Asymmetry in the U. S. Output-Inflation Nexus Le Dem, Jean, and Vincent Bodart. Labor Market Representation in Quan- titative Macroeconomic Models for Developing Countries: An Appli- cation to Céte D’ Ivoire Loayza, Norman, Malcolm Knight, and Delano Villanueva. The Peace Divi- dend: Military Spending Cuts and Economic Growth MacDonald, Ronald. Long-Run Exchange Rate Modeling: A Reply to Mark, Nelson, Nadeem Ul Haque, Manmohan S. Kumar, and Donald J. Mathieson. The Economic Content of Indicators of Developing Coun- try Creditworthiness Mathieson, Donald J., Nadeem Ul Haque, Manmohan S. Kumar, and Nel- son Mark. The Economic Content of Indicators of Developing Country Creditworthiness McDermott, C. John, and Robert F. Wescott. An Empirical Analysis of Fiscal Adjustments Moosa, Imad A. Long-Run Exchange Rate Modeling: A Comment on MacDonald Ogaki, Masao, Jonathan D. Ostry, and Carmen M. Reinhart. Saving Behav- ior in Low- and Middle-Income Developing Countries: A Comparison Ostry, Jonathan D., Masao Ogaki, and Carmen M. Reinhart. Saving Behav- ior in Low-and Middle Income Developing Countries: A Comparison Reinhart, Carmen M., Masao Ogaki, and Jonathan D. Ostry. Saving Behav- ior in Low-and Middle-Income Developing Countries: A Comparison Reinhart, Vincent, and Robert A. Feldman. Auction Format Matters: Evi- dence on Bidding Behavior and Seller Revenue Richards, Anthony J. Volatility and Predictability in National Stock Mar- kets: How Do Emerging and Mature Markets Differ? 832 VOLUME 43 INDEX Rose, David, Peter Clark, and Douglas Laxton. Asymmetry in the U.S. Out- put-Inflation Nexus Sahay, Ratna, and Paul Cashin. International Migration, Center-State Grants, and Economic Growth in the States of India Sahay, Ratna, and Nadeem Ul Haque. Do Government Wage Cuts Close Budget Deficits? Costs of Corruption Santaella, Julio A. Stylized Facts Before IMF-Supported Macroeconomic Adjustment Sarel, Michael. Nonlinear Effects of Inflation on Economic Growth Slemrod, Joel, and Shlomo Yitzhaki. The Costs of Taxation and the Mar- ginal Efficiency Cost of Funds Thomas, Alun, and Elaine Buckberg. Wage Dispersion in the 1980s: Resur- recting the Role of Trade Through the Effects of Durable Employment Changes Végh, Carlos A., and Alexander W. Hoffmaister. Disinflation and the Re- cession-Now-Versus-Recession-Later Hypothesis: Evidence from Uruguay Villanueva, Delano, Malcolm Knight, and Norman Loayza. The Peace Divi- dend: Military Spending Cuts and Economic Growth Weder, Beatrice S., and Peter K. Cornelius. Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries Werner, Alejandro M. Target Zones and Realignment Expectations: The Israeli and Mexican Experiences Wescott, Robert F., and C. John McDermott. An Empirical Analysis of PIGCAPOSIICIIIS 52S. aie So Oe icine soe tew slo sonic os Yitzhaki, Shlomo, and Joel Slemrod. The Costs of Taxation and the Mar- ginal Efficiency Cost of Funds Titles Are Exchange Rates Excessively Volatile? And What Does “Excessively Volatile’ Mean, Anyway? By Leonardo Bartolini and Gordon M. Asymmetry in the U.S. Output-Inflation Nexus. By Peter Clark, Douglas Laxton, and David Rose Auction Format Matters: Evidence on Bidding Behavior and Seller Rev- enue. By Robert A. Feldman and Vincent Reinhart The Costs of Taxation and the Marginal Efficiency Cost of Funds. By Joel Slemrod and Shlomo Yitzhaki Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis: Evidence from Uruguay. By Alexander W. Hoffmaister and Carlos A. Do Government Wage Cuts Close Budget Deficits? Costs ofC orruption. By Nadeem U] Haque and Ratna Sahay VOLUME 43 INDEX The Economic Content of Indicators of Developing Country Creditworthi- ness. By Nadeem Ul Haque, Manmohan S. Kumar, Nelson Mark, and Donald J. Mathieson Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries. By Peter K. Cornelius and Beatrice S. Weder .. . An Empirical Analysis of Fiscal Adjustments. By C. John McDermott and Robert F. Wescott Growth in Sub-Saharan Africa. By Dhaneshwar Ghura and Michael T. Hadjimichael Inflation Targeting: Theory and Policy Implications. By John H. Green ... Internal Migration, Center-State Grants, and Economic Growth in the States of India. By Paul Cashin and Ratna Sahay The Labor Market and Economic Adjustment. By Pierre-Richard Labor Market Representation in Quantitative Macroeconomic Models for Developing Countries: An Application to Céte d’Ivoire. By Vincent Bodart and Jean Le Dem Long-Run Exchange Rate Modeling: A Comment on MacDonald. By Imad Long-Run Exchange Rate Modeling: A Reply to Moosa. By Ronald MacDonald Nonlinear Effects of Inflation on Economic Growth. By Michael Sarel ... The Peace Dividend: Military Spending Cuts and Economic Growth. By Malcolm Knight, Norman Loayza, and Delano Villanueva Rational Liquidity Crises in the Sovereign Debt Market: In Search of a Theory. By Enrica Detragiache Relative Price Convergence in Russia. By Paula De Masi and Vincent Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison. By Masao Ogaki, Jonathan D. Ostry, and Carmen M. Reinhart Stylized Facts Before IMF-Supported Macroeconomic Adjustment. By Julio A. Santaella A Survey of Literature on Controls Over International Capital Transactions. By Michael P. Dooley Target Zones and Realignment Expectations: The Israeli and Mexican Ex- periences. By Alejandro M. Werner. Volatility and Predictability in National Stock Markets: How Do Emerging and Mature Markets Differ? By Anthony J. Richards Wage Dispersion in the 1980s: Resurrecting the Role of Trade Through the Effects of Durable Employment Changes. By Elaine Buckberg and Alun Thomas Wage Indexation and the Cost of Disinflation. By Esteban Jadresic VOLUME 43 INDEX Subjects To facilitate electronic storage and retrieval of bibliographic data, Staff Papers has adopted the subject classification scheme of the Journal of Economic Literature (Nashville, Tennessee). Mathematical and Quantitative Methods Statistical Simulation Methods; Monte Carlo Methods Auction Format Matters: Evidence on Bidding Behavior and Seller Revenue. By Robert A. Feldman and Vincent Reinhart Models with Panel Data Growth in Sub-Saharan Africa. By Dhaneshwar Ghura and Michael T. Hadjimichael Econometric Methods: Multiple/Simultaneous Equation Models Disinflation and the Recession-Now-Versus-Recession-Later Hypo- thesis: Evidence from Uruguay. By Alexander W. Hoffmaister and Carlos A. Végh Model Construction and Estimation Asymmetry in the U.S. Output-Inflation Nexus. By Peter Clark, Douglas Laxton, and David Rose Microeconomics Personal Income and Wealth Distribution Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries. By Peter K. Cornelius and Beatrice S. Auctions Auction Format Matters: Evidence on Bidding Behavior and Seller Revenue. By Robert A. Feldman and Vincent Reinhart Macroeconomics and Monetary Economics Consumption; Saving Saving Behavior in Low- and Middle-Income Developing Coun- tries: A Comparison. By Masao Ogaki, Jonathan D. Ostry, and Carmen M. Reinhart VOLUME 43 INDEX Employment; Unemployment; Wages The Labor Market and Economic Adjustment. By Pierre-Richard Wage Indexation and the Cost of Disinflation. By Esteban Jadresic Prices, Business Fluctuations, and Cycles Disinflation and the Recession-Now-Versus-Recession-Later Hy- pothesis: Evidence from Uruguay. By Alexander W. Hoffmaister and Carlos A. Végh Price Level; Inflation; Deflation Asymmetry in the U.S. Output-Inflation Nexus. By Peter Clark, Douglas Laxton, and David Rose Nonlinear Effects of Inflation on Economic Growth. By Michael Relative Price Convergence in Russia. By Paula De Masi and Vin- cent Koen Wage Indexation and the Cost of Disinflation. By Esteban Jadresic Financial Markets and the Macroeconomy Are Exchange Rates Excessively Volatile? And What Does “Exces- sively Volatile” Mean, Anyway? By Leonardo Bartolini and Gor- don M. Bodnar Monetary Policy, Central Banking, and the Supply of Money and Credit Disinflation and the Recession-Now-Versus-Recession-Later Hy- pothesis: Evidence from Uruguay. By Alexander W. Hoffmaister and Carlos A. Végh Monetary Policy (Targets, Instruments, and Effects) Asymmetry in the U.S. Output-Inflation Nexus. By Peter Clark, Douglas Laxton, and David Rose Infiation Targeting: Theory and Policy Implications. By John H. Central Banks and Their Policies Inflation Targeting: Theory and Policy Implications. By John H. VOLUME 43 INDEX Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation An Empirical Analysis of Fiscal Adjustments. By C. John McDer- mott and Robert F. Wescott Incomes Policy; Price Policy Wage Indexation and the Cost of Disinfiation. By Esteban Jadresic International Economics Foreign Exchange Are Exchange Rates Excessively Volatile? And What Does “Exces- sively Volatile” Mean, Anyway? By Leonardo Bartolini and Gor- don M. Bodnar Current Account Adjustment; Short Term Capital Movements Stylized Facts Before IMF-Supported Adjustment. By Julio A. Santaella International Monetary Arrangements and Institutions Stylized Facts Before IMF-Supported Adjustment. By Julio A. Santaella International Lending and Debt Problems Rational Liquidity Crises in the Sovereign Debt Market: In Search of a Theory. By Enrica Detragiache Stylized Facts Before IMF-Supported Adjustment. By Julio A. Santaella A Survey of Literature on Controls Over International Capital Trans- actions. By Michael P. Dooley Macroeconomic Aspects of International Trade and Finance Target Zones and Realignment Expectations: The Israeli and Mexi- can Experiences. By Alejandro M. Werner Open Economy Macroeconomics Rational Liquidity Crises in the Sovereign Debt Market: In Search of a Theory. By Enrica Detragiache Saving Behavior in Low- and Middle-Income Developing Coun- tries: A Comparison. By Masao Ogaki, Jonathan D. Ostry, and ’ Carmen M. Reinhart VOLUME 43 INDEX Economic Growth of Open Economies Saving Behavior in Low- and Middle-Income Developing Coun- tries: A Comparison. By Masao Ogaki, Jonathan D. Ostry, and Carmen M. Reinhart G Financial Economics G12 Asset Pricing Volatility and Predictability in National Stock Markets: How Do Emerging and Mature Markets Differ? By Anthony J. Richards . International Financial Markets The Economic Content of Indicators of Developing Country Credit- worthiness. By Nadeem Ul Haque, Manmohan S. Kumar, Nelson Mark, and Donald J. Mathieson A Survey of Literature on Controls Over International Capital Trans- actions. By Michael P. Dooley Volatility and Predictability in National Stock Markets: How Do Emerging and Mature Markets Differ? By Anthony J. Richards . Investment Banking The Economic Content of Indicators of Developing Country Credit- worthiness. By Nadeem Ul Haque, Manmohan S. Kumar, Nelson Mark, and Donald J. Mathieson Government Policy and Regulation A Survey of Literature on Controls Over International Capital Trans- actions. By Michael P. Dooley Public Economics Structure and Scope of Government Do Government Wage Cuts Close Budget Deficits? Costs of Cor- ruption. By Nadeem U] Haque and Ratna Sahay General The Costs of Taxation and the Marginal Efficiency Cost of Funds. By Joel Slemrod and Shlomo Yitzhaki VOLUME 43 INDEX Efficiency; Optimal Taxation The Costs of Taxation and the Marginal Efficiency Cost of Funds. By Joel Slemrod and Shlomo Yitzhaki Tax Evasion The Costs of Taxation and the Marginal Efficiency Cost of Funds. By Joel Slemrod and Shlomo Yitzhaki Do Government Wage Cuts Close Budget Deficits? Costs of Cor- ruption. By Nadeem UI Haque and Ratna Sahay Deficit An Empirical Analysis of Fiscal Adjustments. By C. John McDer- mott and Robert F. Wescott Labor and Demographic Economics Labor Force and Employment, Size, and Structure Labor Market Representation in Quantitative Macroeconomic Mod- els for Developing Countries: An Application to Céte d’ Ivoire. By Vincent Bodart and Jean Le Dem Employment Determination; Demand for Labor The Labor Market and Economic Adjustment. By Pierre-Richard General Wage Dispersion in the 1980s: Resurrecting the Role of Trade Through the Effects of Durable Employment Changes. By Elaine Buckberg and Alun Thomas Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. Wage Dispersion in the 1980s: Resurrecting the Role of Trade Through the Effects of Durable Employment Changes. By Elaine Buckberg and Alun Thomas Particular Labor Markets Labor Market Representation in Quantitative Macroeconomic Mod- els for Developing Countries: An Application to Céte d’ Ivoire. By Vincent Bodart and Jean Le Dem