Stability with Growth: Macroeconomics, Liberalization and Development

Stability with Growth: Macroeconomics, Liberalization and Development

Volumn , Issue , 2006, Pages 1-352

  Stiglitz, Joseph ^a   Ocampo, José Antonio ^a   Spiegel, Shari ^a   Ffrench Davis, Ricardo ^b   Nayyar, Deepak ^c  

^a Initiative for Policy Dialogue ^*  (United States)

^b Economic and Social Affairs ^*  (Chile)

^c UNIVERSITY OF DELHI   (India)

Author keywords

Capital market liberalization; Equity; Fiscal policy; Inflation; Monetary policy; Poverty; Price stability; Washington consensus

Indexed keywords

EID: 34547409064     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1093/0199288143.001.0001     Document Type: Book

References (430)

1. Aarts, Leo, R. Burkhauser, and P. de Jong (1992), 'The Dutch Disease: Lessons for U.S. Disability Policy', Regulation, 15/2: 75-86.
2. Aghion, Philippe, P. Bacchetta, and A. Banerjee (2001), 'A Corporate Balance Sheet Approach to Currency Crises,'CEPR Discussion Papers, 3092.
3. Agosin, Manuel (1998), 'Capital Inflow and Investment Performance: Chile in the 1990s', in Ffrench-Davis and Reisen (1998).
4. Agosin, Manuel and Ricardo Ffrench-Davis (2001), 'Managing Capital Inflows in Chile', in Stephany Griffith-Jones, Manuel F. Montes, and Anwar Nasution (eds.), Short-Term Capital Flows and Economic Crises (New York: Oxford University Press/UNU/WIDER).
5. Akerlof, George (2002), 'Behavioral Macroeconomics and Macroeconomic Behavior', American Economic Review, 92/3: 411-33.
6. Akerlof, George, W. Dickens, and G. Perry (1996), 'The Macroeconomics of Low Inflation', Brookings Papers on Economic Activity, 1: 1-59.
7. Akerlof, George, W. Dickens, and G. Perry (2000), 'Near Rational Wage and Price Setting and the Long Run Phillips Curve', Brookings Papers on Economic Activity, 1: 1-60.
8. Akerlof, George, and P. Romer (1993), 'Looting the Economic Underworld of Bankruptcy for Profit', Brookings Papers on Economic Activity, 2: 1-73.
9. Akerlof, George, and J. Yellen (1985), 'A Near-Rational Model of the Business Cycle, with Wage and Price Inertia', Quarterly Journal of Economics, 100/5: 823-38.
10. Akyuz, Yilmaz, and A. Cornford (2002), 'Capital Flows to Developing Countries and Reform of the International Financial System', in Deepak Nayyar (ed.), Governing Globalization: Issues and Institutions (Oxford: Oxford University Press).
11. Alba, Pedro, and A. Bhattacharya, S. Claessens, S. Ghosh, and L. Hernandez (1998), 'Volatility and Contagion in a Financially Integrated World: Lessons from East Asia's Recent Experience,'World Bank Policy Research Working Paper, 2008.
12. Alesina, Alberto, and L. Summers (1993), 'Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence', Journal of Money, Credit and Banking, 25/2: 151-62.
13. Ariyoshi, Akira, J. Canales-Kriljenko, and K. Habermeier et al. (2000), 'Capital Controls: Country Experiences with their Use and Liberalization,'IMF Occasional Paper, 190 (Washington: International Monetary Fund).
14. Arnott, R., B. Greenwald, and J. Stiglitz (1994), 'Information and Economic Efficiency', Information Economics and Policy, 6/1: 77-88.
15. Atkinson, Anthony B. (1970), 'On the Measurement of Inequality', Journal of Economic Theory, 2/3: 244-63.
16. Atkinson, Anthony B. and J. Stiglitz (1980), Lectures on Public Economics (New York: McGraw-Hill).
17. Attanasio, Orazio, P. Goldberg, and E. Kyriazidou (2000), 'Credit Constraints in the Market for Consumer Durables: Evidence from Micro Data on Car Loans,'NBER Working Paper, 7694.
18. Auerbach, Alan J. (1991), 'Retrospective Capital Gain Taxation', The American Economic Review, 81/1: 167-78.
19. Auerbach, Alan J. and D. Bradford (2002), 'Generalized Cash-Flow Taxation,'NBER Working Paper, 8122.
20. Bacchetta, Philippe, and S. Gerlach (1997), 'Consumption and Credit Constraints: International Evidence', Journal of Monetary Economics, 40/2: 207-38.
21. Bacha, Edmar L. (1990), 'A Three-Gap Model of Foreign Transfers and GDP Growth Rates in Developing Countries', Journal of Development Economics, 32: 279-96.
22. Bagchi, Amiya K. (1994), 'Macroeconomics', Journal of Development Planning, 24: 19-88.
23. Baker, Dean, and M. Weisbrot (2002), 'The Role of Social Security Privatization in Argentina's Economic Crisis' (Washington, DC: Center for Economic and Policy Research).
24. Bakker, Age, and B. Chapple (2002), 'Advanced Country Experience with Capital Account Liberalization', International Monetary Fund Occasional Paper, 214.
25. Bakker, Age, and B. Chapple (eds.) (2003), Capital Liberalization in Transition Countries: Lessons from the Past and for the Future (Cheltenham: Edward Elgar).
26. Banerjee, Abhijit V. (1992), 'A Simple Model of Herd Behavior', Quarterly Journal of Economics, 107/3: 797-817.
27. Bank for International Settlements (2001), 71st Annual Report.
28. Bank Negara Malaysia (2001a), Annual Report 2000, www.bnm.gov.my.
29. Bank Negara Malaysia (2001b), Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2000, www.bnm.gov.my.
30. Barro, Robert J. (1974), 'Are Government Bonds Net Wealth?' Journal of Political Economy, 82/6: 1095-117.
31. Barro, Robert J. (1985), 'Recent Developments in the Theory of Rules versus Discretion', Economic Journal, suppl., 23-37.
32. Barro, Robert J. (1997), Determinants of Economic Growth: A Cross-Country Empirical Study (Cambridge, Mass.: MIT Press).
33. Barro, Robert J. and D. Gordon (1983), 'Rules, Discretion and Reputation in a Model of Monetary Policy', Journal of Monetary Economics, 12/1: 101-21.
34. Barth, James R., G. Caprio, Jr., and R. Levine (2001), 'The Regulation and Supervision of Banks around the World: A New Database', Brookings-Wharton Papers on Financial Services, World Bank Working Paper, 2588.
35. Ben-David, Dan, and D. Papell (1998), 'Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries', Review of Economics and Statistics, 80: 561-71.
36. Bernanke, Ben, and F. Mishkin (1997), 'Inflation Targeting: A New Framework for Monetary Policy?' NBER Working Paper, 5893.
37. Bhaduri, Amit (1991), 'Keynesian and Classical Unemployment: A False Distinction', Economic Appliquee, 44: 43-9.
38. Bhaduri, Amit (1992), 'Conventional Stabilization and the East European Transition', in S. Richter (ed.), The Transition from Command to Market Economies in Eastern Europe (San Francisco: Westview Press).
39. Bhaduri, Amit and S. Marglin (1990), 'Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies', Cambridge Journal of Economics, 14: 375-93.
40. Bhaduri, Amit and D. Nayyar (1996), The Intelligent Person's Guide to Liberalization (New Delhi: Penguin Books).
41. Bhattacharya, Amar, and J. Stiglitz (2000), 'The Underpinnings of a Stable and Equitable Global Financial System: From Old Debates to a New Paradigm,'Annual World Bank Conference on Development Economics 1999 (Washington, DC: The World Bank).
42. Bikhchandani, Sushil, D. Hirshleifer, and I. Welch (1992), 'A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades', Journal of Political Economy, 100/5: 992-1026.
43. Bisignano, Joseph R., W. Hunter, and G. Kaufman (2000), 'Lessons from the Global Financial Crisis', in J. Bisignano, W. Hunter, and G. Kaufman (eds.), Global Financial Crisis: Lessons from Recent Events (Boston: Kluwer Academic Publishers). 89-109.
44. Blanchard, Olivier J., and Lawrence H. Summers (1986), 'Hysteresis and the European Unemployment Problem', in Stanley Fischer (ed.), NBER Macroeconomics Annual 1 (Cambridge, Mass.: MIT Press), 15-78.
45. Blustein, Paul (2001), The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF (New York: Public Affairs).
46. Bond, Stephen, and C. Meghir (1994), 'Dynamic Investment Models and the Firm's Financial Policy', Review of Economic Studies, 61/2: 197-222.
47. Borio, Claudio, C. Furfine and P. Lowe (2001), 'Procyclicality of the Financial System and Financial Stability: Issues and Policy Options', in Marrying the Macro- and Micro-Prudential Dimensions of Financial Stability, BIS Papers, 1.
48. Boskin Commission report (1999), 'Toward a More Accurate Measure of the Cost of Living', Final Report to the Senate Finance Committee from the Advisory Commission to Study Consumer Price Index, http://www.ssa.gov/history/reports/boskinrpt.html.
49. Boyce, James, and L. Zarsky (1988), 'Capital Flight from the Philippines, 1962-1986', The Journal of Philippine Development, 15/2: 191-222.
50. Bruno, Michael (1995), Inflation Growth and Monetary Control: Non-Linear Lessons from Crisis and Recovery, Paolo Baffi Lectures on Money and Finance (Rome: Bank of Italy, Edizioni dell'elefante).
51. Bruno, Michael and W. Easterly (1996), 'Inflation and Growth: In Search of a Stable Relationship', FRBSL, 78/3: 139-46.
52. Bruno, Michael and W. Easterly (1998), 'Inflation Crises and Long-Run Growth', Journal of Monetary Economics, 41/1: 3-26.
53. Bruno, Michael, G. Di Tella, R. Dornbush, and S. Fischer (eds.) (1988), Inflation Stabilization (Cambridge, Mass.: MIT University Press).
54. Bruno, Michael, S. Fischer, E. Helpman, N. Liviatan, and L. Meridor (eds.) (1991), Lessons of Economic Stabilization and its Aftermath (Cambridge, Mass.: MIT University Press).
55. Budnevich, Carlos and G. Le Fort (1997), 'Fiscal Policy and the Economic Cycle in Chile', CEPAL Review, 61.
56. Buiter, Willem H. (2003), 'James Tobin: An Appreciation of his Contribution to Economics,'NBER Working Paper, 9753.
57. Bulír, Ales, and A. Javier Hamann (2003), 'Aid Volatility: An Empirical Assessment,'IMF Staff Papers, 50/1.
58. Bureau of Labor Statistics (2003), Series title: Part-Time for Economic Reasons, http://www.bls.gov/opub/ted/2003/jan/wk4/art03.htm. Originally pub. 29 Jan.
59. Burnside, Craig, M. Eichenbaum, and S. Rebelo (1993), 'Labor Hoarding and the Business Cycle', Journal of Political Economy, 101/2: 245-73.
60. Cagan, Phillip (1956), 'Monetary Dynamics of Hyperinflations', in Milton Friedman (ed.), Studies in the Quantity Theory of Money (Chicago: University of Chicago Press).
61. Calvo, Guillermo (2001), 'The Case for Hard Pegs in the Brave New World of Global Finance', in Jorge Braga de Macedo, Daniel Cohen, and Helmut Reisen (eds.), Don't Fix, Don't Float (Paris: OECD Development Centre Studies).
62. Calvo, Guillermo (2002), 'On Dollarization', Economics of Transition Journal, 10/2: 393-403.
63. Calvo, Guillermo, L. Leiderman, and C. Reinhart (1993), 'Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors', IMF Staff Papers, 40/1: 108-51.
64. Calvo, Guillermo, L. Leiderman, and C. Reinhart (1994), 'Capital Inflows to Latin America: The 1970s and 1990s', in E. Bacha (ed.), Development Trade and the Environment, Volume 4. Economics in a Changing World (London: Macmillan Press). 123-48.
65. Calvo, Guillermo, and Enrique Mendoza (2000), 'Rational Contagion and the Globalization of Securities Markets', Journal of International Economics, 51/1: 79-113.
66. Caplin, Andrew S., and J. Lehay (1994), 'Business as Usual, Market Crashes and Wisdom after the Fact', American Economic Review, 84/3: 548-65.
67. Caprio, G., Jr., and D. Klingebiel (1997), 'Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking?' in Michael Bruno and Boris Pleskovic (eds.), Proceedings of the Annual World Bank Conference on Development Economics 1996 (Washington, DC: World Bank).
68. Caprio, G., Jr., and D. Klingebiel (1999), 'Episodes of Systemic and Borderline Financial Crises,'World Bank, mimeo.
69. Caprio, G., Jr., and D. Klingebiel (2003), 'Banking Crises Database,'World Bank, mimeo.
70. Card, D., and A. Krueger (1995), Myth and Measurement: The New Economics of the Minimum Wage (Princeton: Princeton University Press).
71. Cárdenas, Mauricio, and F. Barrera (1997), 'On the Effectiveness of Capital Controls: The Experience of Colombia During the 1990s', Journal of Development Economics, 54/1: 27-57.
72. Cárdenas, Mauricio, and R. Steiner (2000), 'Private Capital Flows in Colombia', in Felipe Larraín (ed.), Capital Flows, Capital Controls, and Currency Crises: Latin America in the 1990s (Ann Arbor: The University of Michigan Press).
73. Carlson, Mark, and L. Hernandez (2002), 'Determinants and Repercussions of the Composition of Capital Inflows,'Board of Governors of the Federal Reserve System, International Finance Discussion Paper, 717.
74. Carneiro, Pedro, and J. Heckman (2002), 'The Evidence on Credit Constraints in Post-Secondary Schooling', Economic Journal, 112: 705-34.
75. Cecchetti, Stephen G. (1998), 'Understanding the Great Depression: Lessons for Current Policy', in M. Wheeler (ed.), The Economics of the Great Depression (Michigan: W.E. Upjon Institute for Employment Research). 171-94.
76. CEPAL (1998), Cincuenta años de pensamiento en la CEPAL: Textos seleccionados (Santiago: Fondo de Cultura Económica y CEPAL).
77. Chamley, Christopher P. (2004), Rational Herds (Cambridge: Cambridge University Press).
78. Chang, Ha-Joon (ed.) (2001), The Rebel Within (London: Wimbledon Publishing Company).
79. Chang, Ha-Joon (2004), 'Institutions of Macroeconomic Management History, Theory, and Practice,'IPD Working Paper.
80. China, Menzie D., and H. Ito (2002), 'Capital Account Liberalization, Institutional and Financial Development: Cross Country Evidence,'NBER Working Paper, 8967.
81. Chiricos, Theodore G. (1987), 'Rates of Crime and Unemployment: An Analysis of Aggregate Research Evidence', Social Problems, 34/2: 187-211.
82. Chirinko, Bob (1993), 'Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications', Journal of Economic Literature, 31/4: 1875-911.
83. Clarida, Richard, J. Gali, and M. Gertler (1999), 'The Science of Monetary Policy: A New Keynesian Perspective', Journal of Economic Literature, 37/4: 1661-707.
84. Clerc, Laurent, F. Drumetz, and O. Jaudoin (2001), 'To What Extent are Prudential and Accounting Arrangements Pro- or Countercyclical with Respect to Overall Financial Conditions?', in Marrying the Macro- and Micro-Prudential Dimensions of Financial Stability, BIS Papers, 1.
85. Collier, Paul (1999), 'Aid "Dependency": A Critique', Journal of African Economics, 8/4: 528-45.
86. Collier, Paul and A. Hoeffler (1998), 'On Economic Causes of Civil War', Oxford Economic Papers, 50/4: 563-73.
87. Cooper, Richard N. (1992), Economic Stabilization and Debt in Developing Countries (Cambridge, Mass.: The MIT Press).
88. Cox, Donald, and T. Jappelli (1990), 'Credit Rationing and Private Transfers: Evidence from Survey Data', Review of Economics and Statistics, 72/3: 445-54.
89. Cuddington, John (1986), Capital Flight: Estimates, Issues, and Explanations (Princeton: Princeton University Press).
90. Dasgupta, P., and J. Stiglitz (1977), 'Tariffs versus Quotas as Revenue Raising Devices under Uncertainty', American Economic Review, 67/5: 975-81.
91. Davis, Jeffrey, R. Ossowski, J. Daniel, and S. Barnett (2003), 'Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications', in Jeffrey Davis, Rolando Ossowski, and Annalisa Fedelino (eds.), Fiscal Policy Formulation and Implementation in Oil-Producing Countries (Washington, DC: International Monetary Fund).
92. De Gregorio, José (1998), 'Financial Integration, Financial Development and Economic Growth', mimeo (Department of Industrial Engineering, Universidad de Chile).
93. De Gregorio, José, S. Edwards, and R. Valdés (2000), 'Controls on Capital Inflows: Do They Work?' Journal of Development Economics, 63/1: 59-83.
94. Deaton, Angus (1991), 'Saving and Liquidity Constraints', Econometrica, 59/5: 1221-48.
95. Demirguc-Kunt, A., and E. Detragiache (1999), 'Financial Liberalization and Financial Fragility', IMF Working Paper, 98/83.
96. Devlin, Robert (1989), Debt and Crisis in Latin America: The Supply Side of the Story (Princeton: Princeton University Press).
97. Devlin, Robert, R. Ffrench-Davis, and S. Griffith-Jones (1995), 'Surges in Capital Flows and Development', in R. Ffrench-Davis and S. Griffith-Jones (eds.), Coping with Capital Surges: The Return of Finance to Latin America (Boulder, Colo.: Lynne Rienner Publishers).
98. Diamond, Douglas W., and P. Dybvig (1983), 'Bank Runs, Deposit Insurance and Liquidity', Journal of Political Economy, 91/3: 401-19.
99. Díaz-Alejandro, Carlos F. (1985), 'Goodbye Financial Repression, Hello Financial Crash', Journal of Development Economics, 19/1-2: 1-2.
100. Díaz-Alejandro, Carlos F. and A. Velasco (1988), Trade, Development and the World Economy. Selected Essays of Carlos F. Diaz-Alejandro (Oxford: Basil Blackwell).
101. Diebold, Francis X., and G. Rudebusch (1992), 'Have Postwar Economic Fluctuations been Stabilized?' American Economic Review, 82/4: 993-1005.
102. Diebold, Francis X., R. Glenn, and D. Sichel (1993), 'Further Evidence on Business-Cycle Duration Dependence', in James H. Stock and Mark W. Watson (eds.), NBER Studies in Business Cycles 28 (Chicago: University of Chicago Press and the NBER).
103. Dodd, Randall (2003), 'Derivatives, the Shape of International Capital Flows and the Virtues of Prudential Regulation', in R. Ffrench-Davis and S. Griffith-Jones (eds.), From Capital Surges to Drought: Seeking Stability from Emerging Economies (New York: Palgrave/Macmillan).
104. Griffith-Jones and Shari Spiegel (2005), 'Up From Sin: A Portfolio Approach to Salvation', in Ariel Buira (ed.), The IMF and World Bank at 60 (London: Anthrem Publishers).
105. Dooley, Michael P. (1996), 'A Survey of Literature on Controls over International Capital Transactions', IMF Staff Papers, 43/4: 639-87.
106. Dornbusch, Rudiger (1987), 'Exchange Rate Economics', Economic Journal, 97: 1-18.
107. Dornbusch, Rudiger (1998), 'Capital Controls: An Idea Whose Time is Past', in S. Fischer and R. N. Cooper et al. (eds.), Should the IMF Pursue Capital-Account Convertibility? Princeton Essays in International Economics, 207.
108. Dornbusch, Rudiger (2001), 'Malaysia: Was it Different?' NBER Working Paper, W8325.
109. Dornbusch, Rudiger and S. Edwards (1991), The Macroeconomics of Populism in Latin America (Chicago: University of Chicago Press).
110. Dungey, Mardi, R. Fry, B. González-Hermosillo, and V. Martin (2002), 'International Contagion Effects from the Russian Crisis and the LTCM Near-Collapse,'IMF Working Paper, 02/74.
111. Dyck, Alexander (2001), 'Privatization and Corporate Governance: Principles, Evidence, and Future Challenges', The World Bank Research Observer, 16: 59-84.
112. Easterly, William, and Luis Servén (eds.) (2003), The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in Latin America (Palo Alto, Calif.: Stanford University Press and World Bank).
113. Easterly, William, R. Islam, and J. Stiglitz (2000), 'Shaken and Stirred: Explaining Growth Volatility', in B. Pleskovic and N. Stern (eds.), Annual Bank Conference on Development Economics (Washington, DC: World Bank). 191-212.
114. Easterly, William, M. Kremer, L. Pritchett, and L. H. Summers (1993), 'Good Policy or Good Luck? Country Growth Performance and Temporary Shocks', Journal of Monetary Economics, 32/3: 459-83.
115. Eaton, Jonathan, and M. Gersovitz (1981), 'Debt with Potential Repudiation: Theoretical and Empirical Analysis', The Review of Economic Studies, 48/2: 289-309.
116. ECLAC (Economic Commission for Latin America and the Caribbean) (1998a), Cincuenta años de pensamiento en la CEPAL: Textos seleccionados (Santiago: Fondo de Cultura Económica y CEPAL).
117. ECLAC (Economic Commission for Latin America and the Caribbean) (1998b), The Fiscal Covenant: Strengths, Weaknesses, Challenges (Santiago: ECLAC).
118. ECLAC (Economic Commission for Latin America and the Caribbean) (2000), Equity, Development and Citizenship (Santiago: ECLAC).
119. 'EPI Issue Guide: Unemployment Insurance' (2004), Economic Policy Institute, rev. Available online:(http://www.epinet.org/content.cfm/issueguides_unemployment_index)
120. The Economist (2003a), 'A Place for Capital Controls', 1 May.
121. The Economist (2003b), 'Survey: Global Finance', 1 May.
122. The Economist Magazine (2003c), 'A Place for Capital Controls', 3 May: 16.
123. Economist Intelligence Unit (1998), Country Finance Hong Kong.
124. Edison, Hali J., M. Klein, L. Ricci, and T. Sloek (2002), 'Capital Account Liberalization and Economic Performance: Survey and Synthesis,'NBER Working Paper, 9100.
125. Edwards, Sebastian (1999a), 'How Effective are Capital Controls?' Journal of Economic Perspectives, 13/4: 65-84.
126. Edwards, Sebastian (1999b), 'How Effective are Controls on Capital Inflows?', An Evaluation of Chile's Experience', mimeo.
127. Edwards, Sebastian (forthcoming) 'Financial Instability', prepared for the Copenhagen Consensus, May 2004, and forthcoming after revision in Bjorn Lomborg (ed.), Global Crises, Global Solutions (Cambridge: Cambridge University Press).
128. Edwards, Sebastian and J. Frankel (eds.) (2002), Preventing Currency Crises in Emerging Markets (Chicago: The University of Chicago Press for the NBER).
129. Eichengreen, Barry J. (2001), 'Capital Account Liberalization: What Do Cross-Country Studies Tell Us?' The World Bank Economic Review, 15/3: 341-65.
130. Eichengreen, Barry J. and R. Hausmann (1999), 'Exchange Rates and Financial Fragility,'NBER Working Paper, 7418.
131. Eisner, Robert (1988), 'Extended Accounts for National Income and Product', Journal of Economic Literature, 26/4: 1611-84.
132. Elgar, Edward (2002), Global Development Finance 2000 (Washington, DC: The World Bank).
133. Elgar, Edward and D. Rodrik (1998), 'Who Needs Capital Account Convertibility?' in Essays in International Finance no. 207 (Princeton: International Finance Section).
134. Emran, M. Shahe, and J. Stiglitz (2000), 'VAT versus Trade Taxes: The Inefficiency of Indirect Tax Reform in Developing Countries,'IPD Working Paper.
135. Epstein, Gerald, I. Grabel, and K. S. Jomo (2003), 'Capital Management Techniques in Developing Countries', in Ariel Buira (ed.), Challenges to the World Bank and the IMF: Developing Country Perspectives (London: Anthem Press).
136. Farber, Henry (1993), 'The Incidence and Costs of Job Loss: 1982-91', Brookings Papers on Economic Activity: Microeconomics, 1: 73-132.
137. Farber, Henry (2003), 'Job Loss in the United States, 1981-2001,'NBER Working Paper, 9707.
138. Fazzari, Steven (2003), 'Job Loss in the United States, 1981-2001,'NBER Working Paper, 9707.
139. Fazzari, Steven G. Hubbard, and B. Petersen (1998), 'Financing Constraints and Corporate Investment', Brookings Papers on Economic Activity, 1: 141-206.
140. Fernández de Lis, Santiago, J. Martínez, and J. Saurina (2001), 'Credit Growth, Problem Loans and Credit Risk Provisioning in Spain', in Marrying the Macroand Micro-Prudential Dimensions of Financial Stability, BIS Papers, 1 Mar.
141. Ffrench-Davis, Ricardo (1968), 'Export Quotas under Market Instability', American Journal of Agricultural Economics, 50/3: 643-59.
142. Ffrench-Davis, Ricardo (2000), Reforming the Reforms in Latin America: Macroeconomics, Trade, Finance (London: Macmillan/St Anthony's College).
143. Ffrench-Davis, Ricardo (2002), Economic Reforms in Chile: From Dictatorship to Democracy (Ann Arbor: University of Michigan Press).
144. Ffrench-Davis, Ricardo (2004), 'Macroeconomics-for-Growth under Financial Globalization: Four Strategic Issues,'IPD Working Paper.
145. Ffrench-Davis, Ricardo (2005), Reforming Latin America's Economics after Market Fundamentalism(London: Palgrave Macmillan).
146. Ffrench-Davis, Ricardo and G. Larraín (2003), 'How Optimal are the Extremes? Latin American Exchange Rate Policies during the Asian Crisis', in R. Ffrench-Davis and S. Griffith-Jones (eds.), From Capital Surges to Drought: Seeking Stability for Emerging Markets (London: Palgrave/Macmillan).
147. Ffrench-Davis, Ricardo and J. Ocampo (2001), 'The Globalization of Financial Volatility', in R. Ffrench-Davis (ed.), Financial Crises in 'Successful' Emerging Economies, (Washington, DC: ECLAC/Brookings Institution).
148. Ffrench-Davis, Ricardo and H. Reisen (eds.) (1998), Capital Inflows and Investment Performance (Paris: OECD Development Center/UN-ECLAC).
149. Ffrench-Davis, Ricardo and H. Tapia (2001), 'Three Varieties of Capital Surge Management in Chile', in R. Ffrench-Davis (ed.), Financial Crises in 'Successful' Emerging Economies (Washington, DC: ECLAC and Brookings Institution Press).
150. Ffrench-Davis, Ricardo and H. Tapia (2004), 'The Chilean-Style of Capital Controls: An Empirical Assessment,'Econometric Society 2004 Latin American Meetings 255, Econometric Society.
151. Fischer, A. (1996), 'Central Bank Independence and Sacrifice Ratios', Open Economies Review, 7: 5-18.
152. Fischer, Stanley (1996), 'Why are Central Banks Pursuing Long-Run Price Stability?' in Achieving Price Stability (Wyoming: Federal Reserve Bank of Kansas City), 7-34.
153. Fisher, Irving (1933), 'The Debt-Deflation Theory of Great Depressions', Econometrica, 1/4: 337-57.
154. Forbes, Kristin (2003), 'One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms,'NBER Working Paper, 9777.
155. Forbes, Kristin (2004), 'Capital Controls: Mud in the Wheels of Market Discipline,'NBER Working Paper, 10284.
156. Frankel, Jeffrey (1999), 'No Single Currency Regime is Right for All Countries or at All Times,'Essays in International Finance No. 215 (Princeton: Princeton University Press).
157. Freeman, Richard B. (1983), 'Crime and Unemployment', in J. Wilson (ed.), Crime and Public Policy (San Francisco: ICS Press).
158. Freeman, Richard B. (1994), 'Crime and the Job Market,'NBER Working Papers, 4910.
159. Freeman, Richard B. (1996), 'Why Do So Many Young American Men Commit Crimes and What Might We Do about It?' Journal of Economic Perspectives, 10/1: 25-42.
160. Freeman, Richard B. (1999), 'The Economics of Crime', in O. Ashenfelter and D. Card (eds.), Handbook of Labor Economics-3C (Amsterdam: North-Holland).
161. Freeman, Richard B. and W. Rodgers III (1999), 'Area Economic Conditions and the Labor Market Outcomes of Young Men in the 1990s Expansion,'NBER Working Paper, 7073.
162. Frenkel, Roberto (1998), 'Capital Market Liberalization and Economic Performance in Latin America,'CEPA Working Paper, 6.
163. Frenkel, Roberto (2004), 'Real Exchange Rate and Employment in Argentina, Brazil, Chile and Mexico,'Paper prepared for the Group of 24, Washington, DC.
164. Frenkel, Roberto and J. Ros (2003), 'Unemployment, Macroeconomic Policy and Labor Market Flexibility. Argentina and Mexico in the 1990s', presented at the ECLAC seminar on Management of Volatility, Financial Liberalization and Growth in Emerging Economies (Santiago, Chile, 24-5 Apr.).
165. Frey, Bruno S., and F. Schneider (1978), 'An Empirical Study of Politico-Economic Interaction in the United States', Review of Economics & Statistics, 6/2: 174-83.
166. Friedman, Milton (1956), 'The Quantity Theory of Money-A Restatement', Studies in the Quantity Theory of Money (Chicago: University of Chicago Press).
167. Friedman, Milton (1968), 'The Role of Monetary Policy', American Economic Review, 58/1: 1-17.
168. Furman, Jason, and J. Stiglitz (1998), 'Economic Crises: Evidence and Insights from East Asia', Brookings Papers on Economic Activity, 2: 1-114.
169. Furman, Jason, and J. Stiglitz (1999), 'Economic Consequences of Rising Income Inequality', in J. Hole (ed.), Symposium Proceedings-Income Inequality: Issues and Policy Options (Wyoming: Federal Reserve Bank of Kansas City).
170. Galbraith, James K. (2003), 'Don't Turn the World over to the Bankers', Le Monde Diplomatique, May.
171. Gaspar, Vitor, and F. Smets (2002), 'Monetary Policy, Price Stability and Output Gap Stabilization', International Finance, 5/2: 193-211.
172. Gavin, Michael, R. Hausmann, R. Perotti, and E. Talvi (1996), 'Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness,'Inter-American Development Bank Working Paper, 326.
173. Ghosh, Atish et al. (2002), 'IMF-Supported Programs in Capital Account Crises,'IMF Occasional Paper, 210.
174. Goldfeld, Stephen M. (1976), 'The Case for Missing Money', Brookings Papers on Economic Activity, 3: 683-739.
175. Goldfeld, Stephen M. (1982), 'Rules, Discretion, and Reality', American Economic Review, 72/2: 361-6.
176. Goldman Sachs (2002), 'The Lulameter,'Emerging Markets Strategy, 6 June, New York.
177. Goode, Richard (1949), 'The Income Tax and the Supply of Labor', The Journal of Political Economy, 57/5: 28-437.
178. Goodfriend, Marvin, and Robert G. King (2001), 'The Case for Price Stability,'NBER Working Paper, w8423.
179. Greenwald, Bruce (1998), 'International Adjustments in the Face of Imperfect Financial Markets,'Paper prepared for the Annual World Bank Conference on Development Economics, Washington, DC, 20-1 April.
180. Greenwald, Bruce (1999), 'Aggregate Devaluation Impacts in Economies with Imperfect Financial Markets', in B. Pleskovic and J. Stiglitz (eds.), Annual World Bank Conference on Development Economics 1998 (Washington, DC: World Bank).
181. Greenwald, Bruce and J. Stiglitz (1988), 'Money, Imperfect Information and Economic Fluctuations', in M. Kohn and S. C. Tsiand (eds.), Expectations and Macroeconomics (Oxford: Oxford University Press).
182. Greenwald, Bruce and J. Stiglitz (1989), 'Toward a Theory of Rigidities', American Economic Review, 79/2: 364-9.
183. Greenwald, Bruce and J. Stiglitz (1990a), 'Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior', American Economic Review, 80/2: 160-5.
184. Greenwald, Bruce and J. Stiglitz (1990b), 'Macroeconomic Models with Credit and Equity Rationing', in R. Hubbard (ed.), Asymmetric Information, Corporate Finance, and Investment (Chicago: University of Chicago Press).
185. Greenwald, Bruce and J. Stiglitz (1992), 'Information, Finance and Markets: The Architecture of Allocative Mechanisms', Journal of Industrial and Corporate Change, 1/1: 37-68.
186. Greenwald, Bruce and J. Stiglitz (1993a), 'Financial Market Imperfections and Business Cycles', Quarterly Journal of Economics, 108/1: 77-114.
187. Greenwald, Bruce and J. Stiglitz (1993b), 'New and Old Keynesians', Journal of Economic Perspectives, 7/1: 23-44.
188. Greenwald, Bruce and J. Stiglitz (1998), 'Examining Alternative Macroeconomic Theories', Brookings Papers on Economic Activity, 1: 207-70.
189. Greenwald, Bruce and J. Stiglitz (2000), 'Externalities in Economies with Imperfect Information and Incomplete Markets', in N. Barr (ed.), Economic Theory and the Welfare State (Cheltenham: Edward Elgar).
190. Greenwald, Bruce and J. Stiglitz (2003), Towards a New Paradigm in Monetary Economics (Cambridge: Cambridge University Press).
191. Greenwald, Bruce and J. Stiglitz and A. Weiss (1984), 'Informational Imperfections in the Capital Market and Macroeconomic Fluctuations', American Economic Review, 74: 194-9.
192. Griffith-Jones, Stephany, and A. Persaud (2005), 'The Pro-cyclical Impact of Basle II on Emerging Markets and its Political Economy', available at http://www.stephanygj.com/_documents/Pro-cyclicalimpactbasleII.pdf
193. Grossman, Gene M., and E. Helpman (2002), Interest Groups and Trade Policy, (Princeton: Princeton University Press).
194. Hahn, Frank (1966), 'Equilibrium Dynamics with Heterogeneous Capital Goods', Quarterly Journal of Economics, 80/4: 133-46.
195. Hall, Bronwyn H. (1996), 'The Private and Social Returns to Research and Development', in B. Smith and C. Barfield (eds.), Technology, R&D, and the Economy (Washington, DC: Brookings Institution and the American Enterprise Institute).
196. Hansen, G. D. (1985), 'Indivisible Labor and the Business Cycle', Journal of Monetary Economics, 16: 309-27.
197. Harris, Elliott (1999), 'Impact of the Asian Crisis on Sub-Saharan Africa', Finance and Development, 36/1.
198. Harrison, Ann E., I. Love and M. McMillan (2002), 'Global Capital Flows and Financing Constraints,'NBER Working Paper, 8887.
199. Harvie, Charles, and Lee, Boon-Chye (eds.) (2002a), Globalization and Small and Medium Enterprises in East Asia, Studies of Small and Medium Enterprises in East Asia, Volume 1 (Cheltenham: Edward Elgar).
200. Harvie, Charles, and Lee, Boon-Chye (eds.) (2002b), Studies of Small and Medium Enterprises in East Asia, Volume III: Sustaining Growth and Performance in East Asia: The Role of Small and Medium Sized Enterprises (Cheltenham: Edward Elgar).
201. Hausmann, Ricardo (1999), 'Should there be Five Currencies or One Hundred and Five?' Foreign Policy, 116: 65-79.
202. Hausmann, Ricardo (2000), 'Exchange Rate Arrangements for the New Architecture', Global Finance from a Latin American Viewpoint (Paris: Inter-American Development Bank and Organization for Economic Co-operation and Development).
203. Helmann, Thomas, K. Murdock, and J. Stiglitz (1998), 'Financial Restraint and the Market Enhancing View', in Y. Hayami and M. Aoki (eds.), The Institutional Foundations of East Asian Economic Development (London: Macmillan), 255-84.
204. Helmann, Thomas, K. Murdock, and J. Stiglitz (2001), 'Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough?' American Economic Review, 90/1: 147-65.
205. Helmann, Thomas, K. Murdock, and J. Stiglitz (2002), 'Franchise Value and the Dynamics of Financial Liberalization', in A. Meyendorff and A. Thakor (eds.), Designing Financial Systems in Transition Economies (Cambridge, Mass.: The MIT Press).
206. Hemming, Richard, M. Kell, and S. Mahfouz (2002), 'The Effectiveness of Fiscal Policy in Stimulating Economic Activity-A Review of the Literature', IMF Working Paper, 02/208.
207. Hernandez, Leonardo, P. Mellado, and R. Valdes (2001), 'Determinants of Private Capital Flows in the 1970s and 1990s: Is there Evidence of Contagion?' IMF Working Paper, 01/64.
208. Heyman, Daniel (2000), 'Major Macroeconomic Upsets, Expectations and Policy Responses', CEPAL Review, 70.
209. Hirschman, Albert O. (1958), The Strategy of Economic Development (New Haven: Yale University Press).
210. Hoff, Karla, and J. Stiglitz (2004), 'After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies', American Economic Review, 94/3.
211. Holtz-Eakin, Douglas, D. Joulfaian, and H. Rosen (1994), 'Entrepreneurial Decisions and Liquidity Constraints', RAND Journal of Economics, 25/2: 334-47.
212. Honahan, P., and J. Stiglitz (2001), 'Robust Financial Restraint', in G. Caprio, P. Honohan, and J. Stiglitz (eds.), Financial Liberalization: How Far, How Fast? (Cambridge: Cambridge University Press).
213. Hubbard, Glenn R. (1998), 'Capital-Market Imperfections and Investment', Journal of Economic Literature, 36/1: 193-225.
214. International Labor Organization (1999), Key Indicators of the Labour Market-KILM7: Urban Informal Sector Unemployment (Geneva: ILO).
215. International Labor Organization (2002), Decent Work and the Informal Economy, Report VI, presented to the Committee on the Informal Economy at the International Labour Conference (http://www.ilo.org/public/english/employment/index.htm).
216. International Monetary Fund (1998), International Capital Markets-Developments, Prospects and Key Policy Issues (Washington, DC: IMF).
217. International Monetary Fund (2000), 'Recovery from the Asian Crisis and the Role of the IMF,'IMF Issues Brief 00/05.
218. International Monetary Fund (2003), 'Fiscal Adjustment in IMF-Supported Programs', Independent Evaluation Office of the IMF (Washington, DC: International Monetary Fund). Available online: (http://www.imf.org/External/NP/ieo/2003/fis/index.htm).
219. International Monetary Fund (2004), International Financial Statistics (IFS) Database, International Monetary Fund.
220. Johnson, Simon, and T. Mitton (2001), 'Cronyism and Capital Controls: Evidence from Malaysia,'NBER Working Paper, 8521.
221. Johnston, Barry R. (1998), 'Sequencing Capital Account Liberalization', Finance and Development, 35/4.
222. Jomo, K. S. (ed.), Malaysian Eclipse: Economic Crisis and Recovery (London: Zed Books, 2001).
223. Jorgenson, Dale, and E. Yip (2001), 'Whatever Happened to Productivity Growth?', New Developments in Productivity Analysis, Studies in Income and Wealth, 63: 509-40.
224. Joshi, Vijay (2003), 'India and the Impossible Trinity', The World Economy, 26/4: 555-83.
225. Judd, John P., and J. Scadding (1982), 'The Search for a Stable Money Demand Function: A Survey of the Post-1973 Literature', Journal of Economic Literature, 20/3: 993-1023.
226. Jung, W. S. (1985), 'Output-Inflation Tradeoffs in Industrial and Developing Countries', Journal of Macroeconomics, 7/1: 101-13.
227. Kaldor, Nicholas (1978), Further Essays on Economic Theory (London: Duckworth).
228. Kalecki, Michal (1970), 'Problems of Financing Economic Development in a Mixed Economy', in W. Eltis, M. Scott, and J. Wolfe (eds.), Induction, Growth and Trade: Essays in Honour of Sir Roy Harrod (Oxford: Oxford University Press).
229. Kalecki, Michal (1971), Selected Essays on the Dynamics of the Capitalist Economy (Cambridge: Cambridge University Press).
230. Kaminsky, Graciela L., and S. Schmukler (2001), 'On Booms and Crashes: Financial Liberalization and Stock Market Cycles,'World Bank Policy Working Paper, 2565.
231. Kaminsky, Graciela L., and S. Schmukler, C. Reinhart, and C. Végh (2004), 'When it Rains, it Tours: Procyclical Capital Flows and Macroeconomic Policies,'NBER Working Paper, 10780.
232. Kaplan, Ethan, and D. Rodrik (2002), 'Did the Malaysian Capital Controls Work?' in Edwards and Frankel (2002).
233. Katsimbris, George M. (1990), '"Output-Inflation Tradeoffs in Industrial and Developing Countries": A Comment and Additional Evidence', Journal of Econometrics, 12/3: 483-99.
234. Keynes, John Maynard (1936), General Theory of Employment, Interest and Money (London: Macmillan).
235. Khor, Martin (2004), 'The Malaysian Experience in Financial-Economic Crisis Management: An Alternative and Challenge to the IMF-Style Approach,'IPD Working Paper.
236. Kindleberger, Charles P. (2000), Maniacs, Panics and Crashes: A History of Financial Crises, 4th edn. 1978 (New York: John Wiley and Sons, Inc.).
237. King, Robert G. (2001), 'The Case for Price Stability,'NBER Working Paper, W8423.
238. Kochhar, Kalpana, L. Dicks-Mireaux, and B. Horvath (1996), 'Thailand: The Road to Sustained Growth,'IMF Occasional Paper, 146.
239. Kose, Ayhan M., E. Prasad, and M. Terrones (2003), 'Financial Integration and Macroeconomic Volatility', IMF Staff Papers, 50: 119-42.
240. Kose, Ayhan M., E. Prasad, and M. Terrones (2004), 'How do Trade and Financial Integration Affect the Relationship between Growth and Volatility?' Federal Reserve Bank of San Francisco Working Paper, 2004-29.
241. Krugman, Paul (1987), 'Is Free Trade Passé?' Journal of Economic Perspectives, 1/2: 131-44.
242. Krugman, Paul (1990), Rethinking International Trade (Cambridge, Mass.: The MIT Press).
243. Krugman, Paul (2000), 'Balance Sheets, the Transfer Problem, and Financial Crises', in P. Isard, A. Razin, and A. Rosen (eds.), International Finance and Financial Crises-Essays in Honor of Robert P. Flood Jr. (Boston: Kluwer Academic Publishers).
244. Krugman, Paul and L. Taylor (1978), 'Contractionary Effects of Devaluations', Journal of International Economics, 8: 445-56.
245. Kydland, Finn, and E. Prescott (1977), 'Rules rather than Discretion: The Inconsistency of Optimal Plans', Journal of Political Economy, 85/3: 473-91.
246. Kydland, Finn, and E. Prescott (1982), 'Time to Build and Aggregate Fluctuations', Econometrica, 50/6: 1345-70.
247. Lancaster, K. J., and R. G. Lipsey (1957), 'The General Theory of Second Best', Review of Economic Studies, 24: 11-32.
248. Lane, Timothy (1999), 'IMF Admits Errors in Asian Crisis, but Defends Tight-Money Policy', Wall Street Journal, 20 Jan.
249. Lane, Timothy, et al. (1999), IMF-Supported Programs in Indonesia, Korea, and Thailand: A Preliminary Assessment (Washington, DC: International Monetary Fund).
250. Larraín, Felipe, R. Labán, and R. Chumacero (2000), 'What Determines Capital Inflows? An Empirical Analysis for Chile', in Felipe Larraín (ed.), Capital Flows, Capital Controls, and Currency Crises: Latin America in the 1990s (Ann Arbor: The University of Michigan Press).
251. Laurens, Bernard (2000), 'Chile's Experience with Controls on Capital Inflows in the 1990s', in Ariyoshi et al. (2000).
252. Le Fort, Guillermo, and S. Lehmann (2003), 'El Encaje, los Flujos de Capitales y el Gasto: Una Evaluación empírica,'Central Bank of Chile Working Paper.
253. Levine, Ross, and D. Renelt (1992), 'A Sensitivity Analysis of Cross-Country Growth Regressions', American Economic Review, 942-63.
254. Levine, Ross, and S. Zervos (1993), 'What Have we Learned about Policy and Growth from Cross-Country Regressions?' American Economic Review, 426-30.
255. Levitt, Steven D. (1996), 'The Effect of Prison Population Size on Crime Rates: Evidence from Prison Overcrowding Litigation', Quarterly Journal of Economics, 111/2: 319-51.
256. Lewis, Arthur (1954), 'Economic Development with Unlimited Surplus of Labour', Manchester School of Economics and Social Studies, 22: 139-91.
257. Lloyd, Collin (1970), 'Classical Monetary Theory and the Velocity of Circulation', Canadian Journal of Economics, 3/1: 87-94.
258. Lowry, Collin (1999), 'Epidemics Spread as Economies Crumble', Executive Intelligence Review, 26/16: 19-22.
259. Lucas, Robert E. (1990), 'Why Doesn't Capital Flow from Rich to Poor Countries?' American Economic Review, 80/2: 92-6.
260. Lucas, Robert E. (1996), 'Nobel Lecture: Monetary Neutrality', Journal of Political Economy, 104/4: 661-82.
261. Lucas, Robert E. (2003), 'Macroeconomic Priorities', American Economic Review, 93/1: 1-14.
262. Lucas, Robert E. and T. Sargent (1978), 'After Keynesian Econometrics', in After the Phillips Curve: Persistence of High Inflation and High Unemployment, Conference Series 19 (Boston: Federal Reserve Bank of Boston).
263. Ludvigson, Sydney (1999), 'Consumption and Credit: A Model of Time-Varying Liquidity Constraints', The Review of Economics and Statistics, 81/3: 434-47.
264. Lutz, Matthias G. (1999), 'Unit Roots versus Segmented Trends in Developing Countries Output Series', Applied Economic Letters, 6: 181-4.
265. McKinnon, R. (1964), 'Foreign Exchange Constraints and Economic Development', Economic Journal, 74: 388-409.
266. Maddison, Angus (2001), The World Economy: A Millennial Perspective (Paris: OECD).
267. Majluf, Nicholas S., and S. Myers (1984), 'Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not Have', Journal of Financial Economics, 13/2: 187-221.
268. Mankiw, Gregory N. (1985), 'Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly', Quarterly Journal of Economics, 100/2: 529-38.
269. Mankiw, Gregory N. (2000), 'The Inexorable and Mysterious Tradeoff between Inflation and Unemployment,'NBER Working Paper, W7884.
270. Mankiw, Gregory N. and D. Romer (eds.) (1991), New Keynesian Economics, Vol. 2: Coordination Failures and Real Rigidities (Cambridge, Mass.: The MIT Press).
271. Mankiw, Gregory N. and S. Zeldes (1991), 'The Consumption of Stockholders and Nonstockholders', Journal of Financial Economics, 29: 97-112.
272. Marfán, Manuel (2005), 'Fiscal Policy, Efficacy and Private Deficits: A Macroeconomic Approach', in José Antonio Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Palo Alto, Calif.: Stanford University Press and ECLAC).
273. Martner, Ricardo, and V. Tromben (2003), 'Tax Reforms and Fiscal Stabilization in Latin America', in Tax Policy, Banca d'Italia Research Department, Public Finance Workshop.
274. Mayer, Colin (1987), 'The Assessment: Financial Systems and Corporate Investment', Oxford Review of Economic Policy, 3/4: i-xvi.
275. Mayer, Colin (1990), 'Financial Systems, Corporate Finance, and Economic Development', in R. G. Hubbard (ed.), Asymmetric Information, Corporate Finance and Investment (Chicago: University of Chicago Press).
276. Mayer, Colin (2002), 'Financing the New Economy: Financial Institutions and Corporate Governance', Information Economics and Policy, 14: 311-26.
277. Meade, James (1951), Theory of International Economic Policy: The Balance of Payments (Oxford: Oxford University Press).
278. Miller, Marcus, and J. Stiglitz (1999), 'Bankruptcy Protection against Macroeconomics Shocks: The Case for a "Super Chapter 11",'World Bank Conference on Capital Flows, Financial Crises and Policies.
279. Mishkin, Frederic (1999), 'International Experiences with Different Monetary Policy Regimes,'NBER Working Paper Series, 6965.
280. Mody, Ashoka, and A. Murshid (2002), 'Growing Up with Capital Flow,'IMF Working Paper, 02/75.
281. Montiel, Peter, and C. Reinhart (1999), 'Do Capital Controls and Macroeconomic Policies Influence the Volume and Composition of Capital Flows? Evidence from the 1990s', Journal of International Money and Finance, 18/4: 619-35.
282. Myers, Stewart C., and N. Majluf (1984), 'Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not Have', Journal of Financial Economics, 13/2: 187-221.
283. Nayyar, Deepak (1995), 'Macroeconomics of Stabilization and Adjustment', Economic Appliquee, 48/3: 5-38.
284. Nayyar, Deepak (1997), 'Themes in Trade and Industrialization', in Deepak Nayyar (ed.), Trade and Industrialization (Delhi: Oxford University Press).
285. Nayyar, Deepak (1998), 'Short-Termism, Public Policies and Economic Development', Economies et Sociétés, 32/1: 107-18.
286. Nayyar, Deepak (2000), 'Macroeconomic Reforms in India: Short-Term Effects and Long-Run Implications', in W. Mahmud (ed.), Adjustment and Beyond: The Reform Experience in South Asia (London: Palgrave).
287. Nayyar, Deepak (2002a), 'The Existing System and the Missing Institutions', in Deepak Nayyar (ed.), Governing Globalization: Issues and Institutions (Oxford: Oxford University Press).
288. Nayyar, Deepak (2002b), 'Capital Controls and the World Financial Authority: What Can We Learn from the Indian Experience?' in John Eatwell and Lance Taylor (eds.), International Capital Markets: Systems in Transition (New York: Oxford University Press).
289. Nayyar, Deepak (2002c), 'Globalization and Development Strategies', in John Toye (ed.), Trade and Development: New Directions for the Twenty-First Century (Cheltenham: Edward Elgar).
290. Nayyar, Deepak (2003a), 'The Political Economy of Exclusion and Inclusion: Democracy, Markets and People', in A. K. Dutt and J. Ros (eds.), Development Economics and Structuralist Macroeconomics: Essays in Honour of Lance Taylor (Cheltenham: Edward Elgar).
291. Nayyar, Deepak (2003b), 'Work, Livelihoods and Rights', Indian Journal of Labour Economics, 46/1: 3-13.
292. Ndikumana, Léonce, and James K. Boyce (2003), 'Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries', World Development, 31/1: 107-30.
293. Neary, Peter, and J. Stiglitz (1982), 'Expectations, Asset Accumulation and the Real-Balance Effect', presented at Dublin Meetings of the Econometric Society, Working Paper 1990, Sept.
294. Neary, Peter, and J. Stiglitz (1983), 'Toward a Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria', Quarterly Journal of Economics, 98: 199-228.
295. Negishi, T. (1964), 'Conditions for Neutral Money', The Review of Economic Studies, 31/21: 147-8.
296. Newbery, David M. G., and J. Stiglitz (1984), 'Pareto Inferior Trade', The Review of Economic Studies, 51/1: 1-12.
297. Nickell, Stephen, and B. Bell (1995), 'The Collapse in Demand for the Unskilled and Unemployment across the OECD', Oxford Review of Economic Policy, 11/1: 40-62.
298. Nordhaus, William (1975), 'The Political Business Cycle', Review of Economic Studies, 42.
299. Nordhaus, William and E. Kokkelenberg (eds.) (1999), Nature's Numbers: Expanding the National Economic Accounts to Include the Environment (Washington, DC: National Academy Press).
300. Nordhaus, William and J. Tobin (1973), 'Is Growth Obsolete?' in Milton Moss (ed.), The Measurement of Economic and Social Performance, NBER Studies in Income and Wealth, 38.
301. Ocampo, José Antonio (2002), 'Developing Countries' Anti-Cyclical Policies in a Globalized World', in Amitava Dutt and Jaime Ros (eds.), Development Economics and Structuralist Macroeconomics: Essays in Honour of Lance Taylor (Aldershot: Edward Elgar, 2002).
302. Ocampo, José Antonio (2003a), 'Capital Account and Counter-Cyclical Prudential Regulation in Developing Countries', in R. Ffrench-Davis and S. Griffith-Jones (eds.), From Capital Surges to Drought: Seeking Stability for Emerging Markets (London: Palgrave/Macmillan).
303. Ocampo, José Antonio (2003b), 'International Asymmetries and the Design of the International Financial System', in A. Berry (ed.), Critical Issues in Financial Reform: A View from the South (New Brunswick, NJ: Transaction Publishers).
304. Ocampo, José Antonio (2004a), 'Latin America's Growth and Equity Frustrations During Structural Reforms', Journal of Economic Perspectives, 18/2: 67-88.
305. Ocampo, José Antonio (2004b), 'Lights and Shadows in Latin American Structural Reforms', in Gustavo Indart (ed.), Economic Reforms, Growth and Inequality in Latin America: Essays in Honor of Albert Berry (Aldershot: Ashgate).
306. Ocampo, José Antonio (2005a), 'The Quest for Dynamic Efficiency: Structural Dynamics and Economic Growth in Developing Countries', in José Antonio Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Palo Alto, Calif.: Stanford University Press and Economic Commission for Latin America and the Caribbean).
307. Ocampo, José Antonio (2005b), 'A Broad View of Macroeconomic Stability', IPD Conference Background Papers.
308. Ocampo, José Antonio (forthcoming), 'Latin America and the World Economy in the Long Twentieth Century', in K S Jomo (ed.) The Great Divergence: Hegemony, Uneven Development and Global Inequality during the Long Twentieth Century (New Delhi: Oxford University Press).
309. Ocampo, and L. Taylor (1998), 'Trade Liberalisation in Developing Economies: Modest Benefits but Problems with Productivity Growth, Macro Prices, and Income Distribution', Economic Journal, 108/450: 1523-46.
310. Ocampo, and C. Tovar (1998), 'Capital Flows, Savings and Investment in Colombia, 1990-96', in Ffrench-Davis and H. Reisen (1998).
311. Ocampo, José Antonio, and C. Tovar (2003), 'Managing the Capital Account: Colombia's Experience with Price-Based Controls on Capital Inflows', CEPAL/ECLAC Review, 81: 7-32.
312. Organization for Cooperation and Development and The European Commission (eds.) (2004), Benefits and Wages: OECD Indicators-2004 Edition (Paris: OECD).
313. Orszag, Peter, and J. Stiglitz (2002), 'Optimal Fire Departments: Evaluating Public Policy in the Face of Externalities', mimeo.
314. Ötker-Robe, Inci (2000), 'Malaysia's Experience with the Use of Capital Controls', in Ariyoshi et al. (2000).
315. Palma, Gabriel (2002), 'The Three Routes to Financial Crises: The Need for Capital Controls', in John Eatwell and Lance Taylor (eds.), International Capital Markets-Systems in Transition (New York: Oxford University Press).
316. Palma, Gabriel (2005), 'Four Sources of "De-Industrialization" and a New Concept of the "Dutch Disease" ', in José Antonio Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability (Palo Alto, Calif.: Stanford University Press and ECLAC).
317. Pastor, Manuel, Jr. (1990), 'Capital Flight from Latin America', World Development, 18/1: 1-12.
318. Patinkin, D. (1952), 'Further Considerations of the General Equilibrium Theory of Money', The Review of Economic Studies, 19/3: 186-95.
319. Phelps, Edmund S. (1967), 'Phillips Curves, Expectations of Inflation and Optimal Employment over Time', Economica, 34/135: 254-81.
320. Phelps, Edmund S. and G. Zoega (1995), 'The Incidence of Increased Unemployment in the Group of Seven, 1970-1994', in George Bitros and Yannis Katsoulacos (eds.), Essays in Economic Theory, Growth and Labor Markets: A Festschrift in Honor of E. Drandakis (Cheltenham: Edward Elgar).
321. Poole, William (1970), 'Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model', Quarterly Journal of Economics, 84/2: 197-216.
322. Posen, A. (1998), 'Central Bank Independence and Disinflationary Credibility: A Missing Link?' Oxford Economic Papers, 50: 335-59.
323. Prasad, Eswar, Kenneth Rogoff, Shang-Jin Wei, and M.Ayhan Kose (2003), 'Effects of Financial Globalization on Developing Countries: Some Empirical Evidence,'IMF Occasional Paper, 120.
324. Pratt, John W. (1964), 'Risk Aversion in the Small and in the Large', Econometrica, 32/1-2: 122-36.
325. Rajan, Raghuram G., and Luigi Zingales (2001), 'The Great Reversals: The Politics of Financial Development in the 20th Century,'NBER Working Paper, 8178.
326. Rajaraman, Indira (2003), 'Management of the Capital Account: A Study of India and Malaysia', in UNCTAD (ed.), Management of Capital Flows: Comparative Experiences and Implications for Africa (Geneva: UNCTAD).
327. Raphael, Steven, and R. Winter-Ebmer (2001), 'Identifying the Effect of Unemployment on Crime', Journal of Law and Economics, 44/1: 259-83.
328. Reddy, Y. V. (2001), 'Operationalising Capital Account Liberalisation: The Indian Experience', Development Policy Review, 19/1: 83-99.
329. Reinhart, Carmen M., and K. Rogoff (2004), 'The Modern History of Exchange Rate Arrangements: A Reinterpretation', Quarterly Journal of Economics, 119/1: 1-48.
330. Reisen, Helmut (2003), 'Ratings since the Asian Crisis', in R. Ffrench-Davis and S. Griffith-Jones (eds.), From Capital Surges to Drought: Seeking Stability from Emerging Economies (New York: Palgrave/Macmillan).
331. Rey, P., and J. E. Stiglitz (1993), 'Short-Term Contracts as a Monitoring Device,'NBER Working Paper 4514.
332. Rincón, Hernán, and L. Villar (2003), 'The Colombian Economy in the nineties: Capital Flows and Foreign Exchange Regimes', Borradores de Economia, 149.
333. Rodríguez, Francisco, and D. Rodrik (2001), 'Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence', in B. Bernanke and K. Rogoff (eds.), NBER Macroeconomics Annual 2000 (Cambridge, Mass.: MIT Press).
334. Rodrik, Dani (1997), Has Globalization Gone Too Far? (Washington, DC: Institute for International Economics).
335. Rodrik, Dani (1999), 'Where Did All the Growth Go? External Shocks, Social Conflict and Growth Collapses', Journal of Economic Growth, 4/4: 385-412.
336. Rodrik, Dani (2000), 'Exchange Rate Regimes and Institutional Arrangements in the Shadow of Capital Flows,'Sept.
337. Rodrik, Dani (2001), 'Why is there so Much Economic Insecurity in Latin America', CEPAL Review, 73: 7-29.
338. Rodrik, Dani and A. Velasco (2000), 'Short-Term Capital Flows', in Boris Pleskovic and Joseph Stiglitz (eds.), Annual World Bank Conference on Development Economics, World Bank 1999 (Washington: World Bank).
339. Rogoff, Kenneth (1985), 'Optimal Degree of Commitment to an Intermediate Monetary Target', Quarterly Journal of Economics, 1/4: 1169-89.
340. Rogoff, Kenneth (2002), 'Rethinking Capital Controls: When Should We Keep an Open Mind?' Finance and Development, 39/4.
341. Rogoff, Kenneth and E. Prasad (2003), 'The Emerging Truth of Going Global' Financial Times, 2 Sept.: 21.
342. Romer, Paul (1987), 'Crazy Explanations for the Productivity Slowdown', in Stanley Fischer (ed.), NBER Macroeconomics Annual (Cambridge, Mass.: NBER).
343. Rosenzweig, Mark R., and K. Wolpin (1993), 'Credit Market Constraints, Consumption Smoothing, and the Accumulation of Durable Production Assets in Low-Income Countries: Investment in Bullocks in India', Journal of Political Economy, 101/2: 223-44.
344. Rothschild, Michael, and J. Stiglitz (1970), 'Increasing Risk: I. A Definition', Journal of Economic Theory, 2/3: 225-43.
345. Rothschild, Michael, and J. Stiglitz (1973), 'Some Further Results on the Measurement of Inequality', Journal of Economic Theory, 6/2: 188-204.
346. Sah, R., and J. E. Stiglitz (1992), Peasants versus City-Dwellers: Taxation and the Burden of Economic Development (Oxford: Clarendon Press).
347. Seater, John J. (1993), 'Ricardian Equivalence', Journal of Economic Literature, 31/1: 142-90.
348. Sen, Amartya (1999), Development as Freedom (Oxford: Oxford University Press).
349. Shapiro, Carl, and J. Stiglitz (1984), 'Equilibrium Unemployment as a Worker Discipline Device', American Economic Review, 74/3: 433-44.
350. Shell, K., and D. Cass (1989), 'Sunspot Equilibrium in an Overlapping Generations Economy with an Idealized Contingent Commodities Market', in W. A. Barnett, C. Deissenberg, and G. Feichtinger (eds.), Economic Complexity (Cambridge: Cambridge University Press).
351. Shell, K. and J. Stiglitz (1967), 'Allocation of Investment in a Dynamic Economy', Quarterly Journal of Economics, 81: 592-609.
352. Shigehara, K. (1992), 'Causes of Declining Growth in Industrialized Countries', Policies for Long-Term Economic Growth (Wyoming: Federal Reserve Bank of Kansas City).
353. Shiller, Robert J. (2000), Irrational Exuberance (Princeton: Princeton University Press).
354. Solow, Robert M. (1956), 'A Contribution to the Theory of Economic Growth', Quarterly Journal of Economics, 70/1: 65-94.
355. Solow, Robert M. (1964), 'Draft of the Presidential Address to the Econometric Society on the Short-Run Relationship between Employment and Output'.
356. Solow, Robert M. and J. Stiglitz (1968), 'Output, Employment and Wages in the Short Run', Quarterly Journal of Economics, 82: 537-60.
357. Stein, Ernesto, E. Talvi, and A. Grisanti (1998), 'Institutional Arrangements and Fiscal Performance: The Latin American Experience,'Inter-American Development Bank Working Paper, 367.
358. Stigler, George J. (1967), 'Imperfections in the Capital Market', Journal of Political Economy, 75/3: 287-92.
359. Stiglitz, Joseph E. (1973), 'The Badly Behaved Economy with the Well Behaved Production Function', in J. Mirrlees (ed.), Models of Economic Growth (London: Macmillan).
360. Stiglitz, Joseph E. (1974), 'Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: The Labor Turnover Model', Quarterly Journal of Economics, 88/2: 194-227.
361. Stiglitz, Joseph E. (1976), 'The Efficiency Wage Hypothesis, Surplus Labor and the Distribution of Income in L.D.C.'s', Oxford Economic Papers, 28/2: 85-207.
362. Stiglitz, Joseph E. and A. Weiss (1981), 'Credit Rationing in Markets with Imperfect Information', American Economic Review, 71/3: 393-410.
363. Stiglitz, Joseph E. (1982), 'Alternative Theories of Wage Determination and Unemployment: The Efficiency Wage Model', in M. Gersovitz, Ranis G. Diaz-Alejandro, and M. R. Rosenzweig (eds.), The Theory and Experience of Economic Development: Essays in Honor of Sir Arthur W. Lewis (London: George Allen & Unwin).
364. Stiglitz, Joseph E. (1983), 'On the Relevance or Irrelevance of Public Financial Policy: Indexation, Price Rigidities and Optimal Monetary Policy', in R. Dornbusch and M. Simonsen (eds.), Inflation, Debt and Indexation (Cambridge, Mass.: MIT Press).
365. Stiglitz, Joseph E. (1985), 'Equilibrium Wage Distribution', Economic Journal, 95: 595-618.
366. Stiglitz, Joseph E. (1986), 'Theories of Wage Rigidities', in J. L. Butkiewicz, Kenneth J. Koford, and Jeffrey B. Miller (eds.), Keynes' Economic Legacy: Contemporary Economic Theories (New York: Praeger Publishers).
367. Stiglitz, Joseph E. (1987), 'The Causes and Consequences of the Dependence of Quality on Prices', Journal of Economic Literature, 25: 1-48.
368. Stiglitz, Joseph E. (1988), 'On the Relevance or Irrelevance of Public Financial Policy', in The Economics of Public Debt, Proceedings of the 1986 International Economics Association Meeting (London: Macmillan Press), 4-76.
369. Stiglitz, Joseph E. and M. Wolfson (1988), 'Taxation, Information, and Economic Organization', Journal of the American Taxation Association, 9/2: 7-18.
370. Stiglitz, Joseph E. (1989a), 'Economic Organization, Information, and Development', in H. Chenery and T. N. Srinivasan (eds.), Handbook of Development Economics (Amsterdam: North-Holland).
371. Stiglitz, Joseph E. (1989b), 'On the Economic Role of the State', in A. Heertje (ed.), The Economic Role of the State (Oxford: B. Blackwell).
372. Stiglitz, Joseph E. (1991), 'The Invisible Hand and Modern Welfare Economics', in D. Vines and A. Stevenson (eds.), Information Strategy and Public Policy (Oxford: Basil Blackwell).
373. Stiglitz, Joseph E. (1992), 'Methodological Issues and the New Keynesian Economics', in N. Dmitri and A. Vercelli (eds.), Alternative Approaches to Macroeconomics (Oxford: Oxford University Press).
374. Stiglitz, Joseph E. (1997), 'Reflections on the Natural Rate Hypothesis', Journal of Economic Perspectives, 11/1: 3-10.
375. Stiglitz, Joseph E. (1998), 'Knowledge for Development: Economic Science, Economic Policy, and Economic Advice', in B. Pleskovic and J. Stiglitz (eds.), Annual World Bank Conference on Development Economics (Washington: World Bank), 9-58.
376. Stiglitz, Joseph E. (1999c), 'More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus', in G. Kochendorfer-Lucius and B. Pleskovic (eds.), Development Issues in the 21st Century (Berlin: German Foundation for International Development).
377. Stiglitz, Joseph E. (1999a), 'Beggar-Thyself vs. Beggar-Thy-Neighbor Policies: The Dangers of Intellectual Incoherence in Addressing the Global Financial Crisis', Southern Economics Journal, 66/1: 1-38.
378. Stiglitz, Joseph E. (1999b), 'Lessons from East Asia', Journal of Policy Modeling, 21/3: 311-30. (Paper presented at the American Economic Association Annual Meetings, New York, 4, Jan. 1999.)
379. Stiglitz, Joseph E. (1999d), 'Responding to Economic Crises: Policy Alternatives for Equitable Recovery and Development', The Manchester School, 67/5: 409-27.
380. Stiglitz, Joseph E. (1999e), 'Taxation, Public Policy and The Dynamics of Unemployment', International Tax and Public Finance, 6: 239-62.
381. Stiglitz, Joseph E. (1999f), 'Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations', American Economic Review, 89/2: 75-80.
382. Stiglitz, Joseph E. (2000a), 'Democratic Development as the Fruits of Labor', Perspectives on Work, 4/1: 31-8.
383. Stiglitz, Joseph E. (2000b), 'Formal and Informal Institutions', in P. Dasgupta and I. Serageldin (eds.), Social Capital: A Multifaceted Perspective (Washington, DC: World Bank).
384. Stiglitz, Joseph E. (2001a), 'Failure of the Fund: Rethinking the IMF Response', Harvard International Review, 23/2: 14-18.
385. Stiglitz, Joseph E. (2001b), 'Participation and Development: Perspectives from the Comprehensive Development Paradigm', in Farrukh Iqbal and Jong-Il You (eds.), Democracy, Market Economics & Development: An Asian Perspective (Washington, DC: The World Bank).
386. Stiglitz, Joseph E. (2001c), 'Principles of Financial Regulation: A Dynamic Approach', The World Bank Observer, 16/1: 1-18.
387. Stiglitz, Joseph E. and J. Yun (2002), 'Integration of Unemployment Insurance with Retirement Insurance,'NBER Working Paper, 9199.
388. Stiglitz, Joseph E. (2002a), 'Employment, Social Justice and Societal Well-Being', International Labor Review, 141/1: 9-29.
389. Stiglitz, Joseph E. (2002b), 'Financial Market Stability and Monetary Policy', Pacific Economic Review, 7/1 (Feb.): 13-30. (Speech given at the HKEA First Biennial Conference, Hong Kong, 15 Dec. 2000.)
390. Stiglitz, Joseph E. (2002c), Globalization and its Discontents (New York: W.W. Norton & Company).
391. Stiglitz, Joseph E. (2002d), 'Information and the Change in the Paradigm in Economics', American Economic Review, 92/3: 460-501.
392. Stiglitz, Joseph E. (2003a), The Roaring Nineties: A New History of the World's Most Prosperous Decade (New York: W.W. Norton & Company).
393. Stiglitz, Joseph E. (2003b), 'Whither Reform? Towards a New Agenda for Latin America', in Revista de la CEPAL, 80: 7-40.
394. Stiglitz, Joseph E. (2004), 'Capital-Market Liberalization, Globalization and the IMF', Oxford Review of Economic Policy, 20/1: 57-71.
395. Stokey, Nancy (2003), '"Rules versus Discretion" after Twenty-Five Years', NBER Macroeconomic Annual 2002, 9-45.
396. Streeten, Paul (1959), 'Unbalanced Growth', Oxford Economic Papers, 9 (June): 167-90.
397. Sunkel, O. (ed.) (1993), Development from Within: Toward a Neo-structuralist Approach for Latin America (Boulder Colo.: Lynne Rienner Publishers).
398. Svensson, Lars (1997), 'Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts', American Economic Review, 87: 98-114.
399. Taylor, Lance (1988), Varieties of Stabilization Experience: Towards Sensible Macroeconomics in the Third World (Oxford: Clarendon Press).
400. Taylor, Lance (1991), Income Distribution, Inflation, and Growth: Lectures on Structuralist Macroeconomic Theory (Cambridge, Mass.: MIT Press).
401. Taylor, Lance (1993), The Rocky Road to Reform: Adjustment, Income Distribution and Growth in the Developing World (Cambridge, Mass.: The MIT Press).
402. Taylor, Lance (1994), 'Gap Models', Journal of Development Economics, 45: 17-34.
403. Taylor, Lance (2004), Reconstructing Macroeconomics: Structuralist Proposals and Critiques of the Mainstream (Cambridge, Mass.: Harvard University Press).
404. Teigen, Ronald L. (1972), 'A Critical Look at Monetarist Economics', Federal Reserve Bank of St Louis Review, 10-25.
405. Titelman, Daniel, and A. Uthoff (1998), 'The Relation between Foreign and National Savings under Financial Liberalization', in Ffrench-Davis and Reisen (1998).
406. Tobin, James, and B. William (1977), 'Asset Markets and the Cost of Capital', in Richard Nelson and Bela Balassa (eds.), Economic Progress, Private Values and Public Policy: Essays in Honor of William Fellner (Amsterdam: North-Holland). 235-62.
407. Turner, Philip (2002), 'Procyclicality of Regulatory Ratios', in John Eatwell and Lance Taylor (eds.), International Capital Markets-Systems in Transition (New York: Oxford University Press).
408. United Nations Economic Commission for Latin America and the Caribbean (ECLAC) (1998), The Fiscal Covenant. Strengths, Weaknesses, Challenges (Santiago: ECLAC).
409. US Council of Economic Advisors (1995), 'Economic Report of the President' (Washington, DC: United States Government).
410. US Council of Economic Advisors (1996), 'Economic Report of the President' (Washington, DC: US Government Printing Office).
411. US Council of Economic Advisors (1997), 'Economic Report of the President' (Washington, DC: US Government Printing Office).
412. Valdés-Prieto, Salvador, and M. Soto (1998), 'The Effectiveness of Capital Controls: Theory and Evidence from Chile', Empirica, 25/2.
413. van Wijnbergen, Sweder (1984), 'The Dutch disease: a disease after all?' Economic Journal, 94/373: 41-55.
414. Villar, Leonardo, and H. Rincón (2003), 'The Colombian Economy in the Nineties: Capital Flows and Foreign Exchange Regimes', in Albert R. Berry and Gustavo Indart (eds.), Critical Issues in International Financial Reform (New Brunswick, NJ: Transaction Publishers).
415. Volcker, Paul (1998), 'Emerging Economies in a Sea of Global Finance,'Statement before the Joint Economic Committee, United States Congress, 5 May.
416. Wall Street Journal (1998), 'Financing Capital Flight', 14 July: 1.
417. Volcker, Paul (1999), 'IMF Admits Errors in Asian Crisis, But Defends its Tight Monetary Policy', 20 Jan.
418. Wallsten, Scott J. (2000), 'The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program', RAND Journal of Economics, 31/1: 82-100.
419. Watson, Mark W. (1994), 'Business-Cycle Durations and Postwar Stabilization of the U.S. Economy', American Economic Review, 84/1: 24-46.
420. Weitzman, Martin L. (1974), 'Prices vs. Quantities', Review of Economic Studies, 41/4: 477-91.
421. Williamson, John (2000), Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option, Policy Analyses in International Economics 60 (Washington, DC: Institute for International Economics).
422. Williamson, John (2003a), 'Exchange Rate Policy and Development', IPD Working Paper.
423. Williamson, John (2003b), 'Proposals for Curbing the Boom-Bust Cycle in the Supply of Capital to Emerging Markets', in R. Ffrench-Davis and S. Griffith-Jones (eds.), From Capital Surges to Drought: Seeking Stability from Emerging Economies (New York: Palgrave/Macmillan).
424. Woodford, Michael (2000), 'Pitfalls of Forward Looking Monetary Policy', The American Economic Review, 90/2: 100-4.
425. World Bank (1999), Global Economic Prospects and the Developing Countries, 1998-99-Beyond Financial Crisis (Washington, DC: World Bank).
426. World Bank World Development Report, 2000/2001 (Washington, DC: World Bank, 2001).
427. Wyplosz, Charles (2002), 'How Risky is Financial Liberalization in the Developing Countries?' Comparative Economic Studies, 44/2-3, 1-26.
428. Yellen, Janet L. (1984), 'Efficiency Wage Models of Unemployment', American Economic Review, 74: 200-5.
429. Zahler, Roberto (2003), 'Macroeconomic Stability under Pension Reform in Emerging Economies: The Case of Chile', Proceedings of the Seminar on Management of Volatility, Financial Globalization and Growth in Emerging Economies (Santiago: ECLAC).
430. Zeldes, Stephen P. (1989), 'Consumption and Liquidity Constraints: An Empirical Investigation', The Journal of Political Economy, 97/2: 305-46.