This file is part of IDEAS, which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
International Monetary Fund
IMF Working Papers
Contact information of
International Monetary Fund:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Email:
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
Order information:
Web: http://www.imf.org/external/pubs/pubs/ord_info.htm
For technical questions regarding this series, please contact
(Christopher F. Baum)
Series handle: repec:imf:imfwpa
More pages of listings: 0|1|2|3|4|5|6|7|8|9|10|11|12|13|14|15|16|17|18|19
2007
2006- 08/10 Emerging Market Spread Compression: Is it Real or is it Liquidity?
by Kristian Hartelius & Kenichiro Kashiwase & Laura E. Kodres [Downloadable!]
- 06/281 Central Bank Boards Around the World: Why Does Membership Size Differ?
by Helge Berger & Volker Nitsch & Tonny Lybek [Downloadable!]
- 06/280 Financial Versus Monetary Mercantilism: Long-Run View of the Large International Reserves Hoarding
by Jaewoo Lee & Joshua Aizenman [Downloadable!]
- 06/279 Uganda: Managing More Effective Decentralization
by Giorgio Brosio & Maria Gonzalez & Ehtisham Ahmad [Downloadable!]
- 06/278 Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications
by Marcel Peter & Geoffrey Heenan & Scott Roger [Downloadable!]
- 06/277 Elements of Optimal Monetary Policy Committee Design
by Jerome Vandenbussche [Downloadable!]
- 06/276 Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina
by Daniel Kanda [Downloadable!]
- 06/275 The Myth of Post-Reform Income Stagnation in Brazil
by Marcos Chamon & Irineu de Carvalho Filho [Downloadable!]
- 06/274 The IMF's Reserves Template and Nominal Exchange Rate Volatility
by John Cady & Jesus Gonzalez-Garcia [Downloadable!]
- 06/273 Rethinking the Governance of the International Monetary Fund
by Abbas Mirakhor & Iqbal Mehdi Zaidi [Downloadable!]
- 06/272 Is Asia Prepared for an Aging Population?
by Peter S. Heller [Downloadable!]
- 06/271 The Size Distribution of Firms, Cournot, and Optimal Taxation
by Mark Gersovitz [Downloadable!]
- 06/270 Making Fiscal Space Happen: Managing Fiscal Policy in a World of Scaled-Up Aid
by Xavier Debrun & Theo Thomas & Taline Koranchelian & Isabell Adenauer & Peter S. Heller & Menachem Katz [Downloadable!]
- 06/269 Currency Mismatches and Corporate Default Risk: Modeling, Measurement, and Surveillance Applications
by Andre Santos & Jorge A. Chan-Lau [Downloadable!]
- 06/268 Specification of a Stochastic Simulation Model for Assessing Debt Sustainability in Emerging Market Economies
by Philippe D Karam & Doug Hostland [Downloadable!]
- 06/267 Financial Integration in Asia: Estimating the Risk-Sharing Gains for Australia and Other Nations
by Benoît Mercereau [Downloadable!]
- 06/266 Asian Equity Markets: Growth, Opportunities, and Challenges
by Hiroko Oura & Andreas Jobst & Charles Frederick Kramer & Catriona Purfield [Downloadable!]
- 06/265 What's Driving Investment in China?
by Ray Brooks & Steven Barnett [Downloadable!]
- 06/264 Banks as Coordinators of Economic Growth
by Kenichi Ueda [Downloadable!]
- 06/263 Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses
by Celine Rochon & Andrew Feltenstein [Downloadable!]
- 06/262 Stabilizing Inflation in Iceland
by Keiko Honjo & Ben Hunt [Downloadable!]
- 06/261 Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia
by Eva Gutierrez [Downloadable!]
- 06/260 Political Price Cycles in Regulated Industries: Theory and Evidence
by Rodrigo Moita & Claudio Paiva [Downloadable!]
- 06/259 Allowances for Corporate Equity in Practice
by Alexander Klemm [Downloadable!]
- 06/258 Financial Development, the Structure of Capital Markets, and the Global Digital Divide
by Charles Amo Yartey [Downloadable!]
- 06/257 To Smooth or Not to Smooth - The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan
by Martin Petri & Tahsin Saadi-Sedik [Downloadable!]
- 06/256 Goal-Independent Central Banks: Why Politicians Decide to Delegate
by Christopher W. Crowe [Downloadable!]
- 06/255 Exchange Rate Risk Measurement and Management: Issues and Approaches for Firms
by Michael G. Papaioannou [Downloadable!]
- 06/254 The Pricing of Credit Default Swaps During Distress
by Jochen R. Andritzky & Manmohan Singh [Downloadable!]
- 06/253 Fiscal Consolidation in Israel: A Global Fiscal Model Perspective
by Selim Elekdag & Marialuz Moreno-Badia & Natan P. Epstein [Downloadable!]
- 06/252 Sustaining Latin America's Resurgence: Some Historical Perspectives
by Martin D. Cerisola & Anoop Singh [Downloadable!]
- 06/251 Are the French Happy with the 35-Hour Workweek?
by Marcello M. Estevão & Filipa Sa [Downloadable!]
- 06/250 What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador
by Nolvia N. Saca & Luis René Cáceres [Downloadable!]
- 06/249 Testing Real Interest Parity in Emerging Markets
by Abhisek Banerjee & Manmohan Singh [Downloadable!]
- 06/248 Transmission Mechanisms of Monetary Policy in Armenia: Evidence from VAR Analysis
by Holger Floerkemeier & Era Dabla-Norris [Downloadable!]
- 06/247 The Magnitude and Distribution of Fuel Subsidies: Evidence from Bolivia, Ghana, Jordan, Mali, and Sri Lanka
by Kangni Kpodar & Moataz El-Said & David Coady & Paulo A. Medas & David Newhouse & Robert Gillingham [Downloadable!]
- 06/246 Monetary Transmission Mechanisms in Belarus
by Rodolfo Maino & Balázs Horváth [Downloadable!]
- 06/245 A Small Foreign Exchange Market with a Long-Term Peg: Barbados
by Roland Craigwell & Travis Mitchell & DeLisle Worrell [Downloadable!]
- 06/244 New Evidence on Fiscal Adjustment and Growth in Transition Economies
by Alejandro Simone & Alex Segura-Ubiergo & Sanjeev Gupta [Downloadable!]
- 06/243 Fuel Price Subsidies in Gabon: Fiscal Cost and Distributional Impact
by Daniel Leigh & Moataz El-Said [Downloadable!]
- 06/242 Banking on the Principles: Compliance with Basel Core Principles and Bank Soundness
by Thierry Tressel & Enrica Detragiache & Asli Demirgüç-Kunt [Downloadable!]
- 06/241 Integration of the Securities Market Infrastructure in the European Union: Policy and Regulatory Issues
by Elias G. Kazarian [Downloadable!]
- 06/240 Revenue Authorities: Issues and Problems in Evaluating Their Success
by William Joseph Crandall & Maureen Kidd [Downloadable!]
- 06/239 How Does the Global Economic Environment Influence the Demand for IMF Resources
by Selim Elekdag [Downloadable!]
- 06/238 Bond Markets As Conduits for Capital Flows: How Does Asia Compare?
by Pipat Luengnaruemitchai & Barry J. Eichengreen [Downloadable!]
- 06/237 Diversity in the Workplace
by Felix J. J. Vardy & John Morgan [Downloadable!]
- 06/236 FEER for the CFA Franc
by Charalambos G. Tsangarides & Yasser Abdih [Downloadable!]
- 06/235 Public Debt and Productivity: The Difficult Quest for Growth in Jamaica
by Rodolphe Blavy [Downloadable!]
- 06/234 Pacific Island Countries--Possible Common Currency Arrangement
by Christopher Browne & David William Harold Orsmond [Downloadable!]
- 06/233 Gender and Its Relevance to Macroeconomic Policy: A Survey
by Janet Gale Stotsky [Downloadable!]
- 06/232 Gender Budgeting
by Janet Gale Stotsky [Downloadable!]
- 06/231 Barriers to Retail Competition and Prices: Evidence from Spain
by Alexander W. Hoffmaister [Downloadable!]
- 06/230 Productivity Growth, Technological Convergence, R&D, Trade, and Labor Markets: Evidence from the French Manufacturing Sector
by Tehmina S. Khan [Downloadable!]
- 06/229 The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications
by Romain Ranciere & Olivier Jeanne [Downloadable!]
- 06/228 Measures of Central Bank Autonomy: Empirical Evidence for OECD, Developing, and Emerging Market Economies
by Jean-Francois Segalotto & Marco Arnone & Bernard Laurens [Downloadable!]
- 06/227 The Measurement of Central Bank Autonomy: Survey of Models, Indicators, and Empirical Evidence
by Jean-Francois Segalotto & Marco Arnone & Bernard Laurens [Downloadable!]
- 06/226 Beauty Queens and Wallflowers--Currency Unions in the Middle East and Central Asia
by Julian Berengaut & Katrin Elborgh-Woytek [Downloadable!]
- 06/225 Assessing Banking Sector Soundness in a Long-Term Framework: The Case of Venezuela
by Rodolphe Blavy [Downloadable!]
- 06/224 A Debt Overhang Model for Low-Income Countries: Implications for Debt Relief
by Junko Koeda [Downloadable!]
- 06/223 Default, Credit Growth, and Asset Prices
by Miguel A. Segoviano Basurto & Boris Hofmann & C. A. E. Goodhart [Downloadable!]
- 06/222 Economic and Political Determinants of Tax Amnesties in the U.S. States
by Eric Le Borgne [Downloadable!]
- 06/221 External Adjustment and Equilibrium Exchange Rate in Brazil
by Claudio Paiva [Downloadable!]
- 06/220 How Robust are Estimates of Equilibrium Real Exchange Rates: The Case of China
by Steven Vincent Dunaway & Lamin Leigh & Xiangming Li [Downloadable!]
- 06/219 Post-Crisis Recovery: When Does Increased Fiscal Discipline Work?
by Pritha Mitra [Downloadable!]
- 06/218 The "Flat Tax(es)": Principles and Evidence
by Kevin Kim & Ricardo Varsano & Michael Keen [Downloadable!]
- 06/217 The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks
by Yoon Sook Kim & Paul S. Mills & Todd Groome & François Haas & John Kiff & Shinobu Nakagawa & Parmeshwar Ramlogan & Oksana Khadarina & Nicolas R. Blancher & William Lee [Downloadable!]
- 06/216 Fiscal Determinants of Inflation: A Primer for the Middle East and North Africa
by Ludvig Söderling & Domenico Fanizza [Downloadable!]
- 06/215 Distance-to-Default in Banking: A Bridge Too Far?
by Amadou N. R. Sy & Jorge A. Chan-Lau [Downloadable!]
- 06/214 Financial Integration in the West African Economic and Monetary Union
by Amadou N. R. Sy [Downloadable!]
- 06/213 The Incidence and Effectiveness of Prior Actions in IMF-Supported Programs
by Uma Ramakrishnan & Alun H. Thomas [Downloadable!]
- 06/212 Political Instability and Inflation Volatility
by Ari Aisen & Francisco José Veiga [Downloadable!]
- 06/211 The Monetary Policy Regime and Banking Spreads in Barbados
by Wendell Samuel & Laura Valderrama [Downloadable!]
- 06/210 Growth and Reforms in Latin America: A Survey of Facts and Arguments
by Jeromino Zettelmeyer [Downloadable!]
- 06/209 Measuring Competitiveness
by J. Peter Neary [Downloadable!]
- 06/208 Economic Growth and Total Factor Productivity in Niger
by Thomson Fontaine & Jean-Claude Nachega [Downloadable!]
- 06/207 Money Market Integration
by R. Spence Hilton & Alessandro Prati & Leonardo Bartolini [Downloadable!]
- 06/206 Common Volatility Trends in the Central and Eastern European Currencies and the Euro
by Marcus Pramor & Natalia T. Tamirisa [Downloadable!]
- 06/205 The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization
by André Faria & MartÃn Minnoni & Aleksandar Zaklan & Paolo Mauro [Downloadable!]
- 06/204 A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries
by Elisabeth Paul & Luc Leruth [Downloadable!]
- 06/203 Fiscal Implications of Multilateral Tariff Cuts
by Hans P. Lankes & Azim M. Sadikov & Jean-Jacques Hallaert & Dustin Smith & Katrin Elborgh-Woytek [Downloadable!]
- 06/202 Do Some Forms of Financial Flows Help Protect from Sudden Stops?
by Andrei A. Levchenko & Paolo Mauro [Downloadable!]
- 06/201 The Stock Market and the Financing of Corporate Growth in Africa: The Case of Ghana
by Charles Amo Yartey [Downloadable!]
- 06/200 Asset Market Participation, Monetary Policy Rules, and the Great Inflation
by Roland Straub & Florin Bilbiie [Downloadable!]
- 06/199 Insuring Public Finances Against Natural Disasters--A Survey of Options and Recent Initiatives
by David Hofman & Patricia Brukoff [Downloadable!]
- 06/198 Corruption and Technology-Induced Private Sector Development
by Etienne B. Yehoue & Jean-François Ruhashyankiko [Downloadable!]
- 06/197 Measures of Underlying Inflation in the Euro Area: Assessment and Role for Informing Monetary Policy
by Emil Stavrev [Downloadable!]
- 06/196 Financial Integration in Asia: Recent Developments and Next Steps
by David Cowen & Hemant Shah & Ranil Salgado & Leslie Teo & Alessandro Zanello [Downloadable!]
- 06/195 A Primer for Risk Measurement of Bonded Debt from the Perspective of a Sovereign Debt Manager
by Michael G. Papaioannou [Downloadable!]
- 06/194 Currency Risk Premia in Global Stock Markets
by Shaun K. Roache & Matthew D. Merritt [Downloadable!]
- 06/193 Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon
by Daniel Leigh & Jan-Peter Olters [Downloadable!]
- 06/192 Money Isn't Everything: The Challenge of Scaling Up Aid to Achieve the Millennium Development Goals in Ethiopia
by Todd D. Mattina [Downloadable!]
- 06/191 What Explains Private Saving in Mexico?
by Andrew Swiston & Ales Bulir [Downloadable!]
- 06/190 What's Driving Private Investment in Malaysia? Aggregate Trends and Firm-Level Evidence
by Roberto Pereira Guimarães & Olaf Unteroberdoerster [Downloadable!]
- 06/189 Financial Globalization: A Reappraisal
by Kenneth Rogoff & M. Ayhan Kose & Eswar Prasad & Shang-Jin Wei [Downloadable!]
- 06/188 Capital Flows to Central and Eastern Europe
by Gian Maria Milesi-Ferretti & Philip R. Lane [Downloadable!]
- 06/187 The Jordanian Stock Market--Should You Invest in it for Risk Diversification or Performance?
by Martin Petri & Tahsin Saadi-Sedik [Downloadable!]
- 06/186 The Level and Composition of Public Sector Debt in Emerging Market Crises
by Monica Baumgarten de Bolle & Ivetta Hakobyan & Bjoern Rother [Downloadable!]
- 06/185 Oil and Growth in the Republic of Congo
by Rina Bhattacharya & Dhaneshwar Ghura [Downloadable!]
- 06/184 Fiscal and Monetary Nexus in Emerging Market Economies: How Does Debt Matter?
by Garima Vasishtha & Taimur Baig & Manmohan S. Kumar & Edda Zoli [Downloadable!]
- 06/183 Management of Oil Wealth Under the Permanent Income Hypothesis: The Case of Sao Tome and Principe
by Alonso Segura [Downloadable!]
- 06/182 On the Properties of Various Estimators for Fiscal Reaction Functions
by Oya Celasun & Joong Shik Kang [Downloadable!]
- 06/181 The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes
by Mick Silver & Saeed Heravi [Downloadable!]
- 06/180 Do Debt-Service Savings and Grants Boost Social Expenditures?
by Alun H. Thomas [Downloadable!]
- 06/179 Institutional Quality, Knightian Uncertainty, and Insurability: A Cross-Country Analysis
by S. Nuri Erbas & Chera L. Sayers [Downloadable!]
- 06/178 A Solution to Two Paradoxes of International Capital Flow
by Jiandong Ju & Shang-Jin Wei [Downloadable!]
- 06/177 Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What Is Important and What Is Not
by Pau Rabanal & Vicente Tuesta [Downloadable!]
- 06/176 Lending Resumption After Default: Lessons from Capital Markets During the 19th Century
by Juan Sole [Downloadable!]
- 06/175 The Role of Seasonality and Monetary Policy in Inflation Forecasting
by Francis Y. Kumah [Downloadable!]
- 06/174 Why Elementary Price Index Number Formulas Differ: Price Dispersion and Product Heterogeneity
by Mick Silver & Saeed Heravi [Downloadable!]
- 06/173 Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy - The Case of Georgia
by Andreas Billmeier & Johan Mathisen [Downloadable!]
- 06/172 Output Drops and the Shocks That Matter
by Törbjörn I. Becker & Paolo Mauro [Downloadable!]
- 06/171 Weathering the Storm So Far: The Impact of the 2003-05 Oil Shock on Low-Income Countries
by Paolo Dudine & Luzmaria Monasi & Joerg Zeuner & James John & Mark Lewis & Helaway Tadesse [Downloadable!]
- 06/170 How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth?
by Francis E. Warnock [Downloadable!]
- 06/169 Institutions v. Geography: Sub-National Evidence from the United States
by Alma Romero-Barrutieta & Eric V. Clifton [Downloadable!]
- 06/168 Mr. Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model
by Silvia Sgherri & Tamim Bayoumi [Downloadable!]
- 06/167 Ukraine: The Cost of Weak Institutions
by Andrew Tiffin [Downloadable!]
- 06/166 Macroeconomic Volatility: The Policy Lessons from Latin America
by Anoop Singh [Downloadable!]
- 06/165 Expenditure Composition and Distortionary Tax for Equitable Economic Growth
by Hyun Park [Downloadable!]
- 06/164 International Policy Coordination and Simple Monetary Policy Rules
by Wolfram Berger & Helmut Wagner [Downloadable!]
- 06/163 How Do Central Banks Write on Financial Stability?
by Martin Cihák [Downloadable!]
- 06/162 Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates
by Vladimir Klyuev & Paul S. Mills [Downloadable!]
- 06/161 Moving to Territoriality? Implications for the United States and the Rest of the World
by Peter Mullins [Downloadable!]
- 06/160 U.S. Dollar Risk Premiums and Capital Flows
by Ravi Balakrishnan & Volodymyr Tulin [Downloadable!]
- 06/159 U.S. Inflation Dynamics: What Drives Them Over Different Frequencies?
by Ravi Balakrishnan & Sam Ouliaris [Downloadable!]
- 06/158 Inflation, Inequality, and Social Conflict
by Christopher W. Crowe [Downloadable!]
- 06/157 Inflation Targeting in Dollarized Economies
by Eric Parrado & Rodolfo Maino & Leonardo Leiderman [Downloadable!]
- 06/156 IMF-Supported Programs and Crisis Prevention: An Analytical Framework
by Jun Il Kim [Downloadable!]
- 06/155 The Impact of Trade on Wages: What If Countries Are Not Small?
by Mika Saito & Ichiro Tokutsu [Downloadable!]
- 06/154 The Maastricht Inflation Criterion: How Unpleasant is Purgatory?
by JaromÃr HurnÃk & Ales Bulir [Downloadable!]
- 06/153 The Euro's Challenge to the Dollar: Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data
by Ewe-Ghee Lim [Downloadable!]
- 06/152 Domestic Investment and the Cost of Capital in the Caribbean
by Shaun K. Roache [Downloadable!]
- 06/151 Price Impacts of Non-Adoption of the Euro for Small European Countries
by Sibel Yelten & Harald Anderson [Downloadable!]
- 06/150 An Empirical Investigation of the Exchange Rate Pass-Through to Inflation in Tanzania
by Nkunde Mwase [Downloadable!]
- 06/149 Fundamentals-Based Estimation of Default Probabilities: A Survey
by Jorge A. Chan-Lau [Downloadable!]
- 06/148 Is Systematic Default Risk Priced in Equity Returns? A Cross-Sectional Analysis Using Credit Derivatives Prices
by Jorge A. Chan-Lau [Downloadable!]
- 06/147 Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study
by Christiane Nickel & Katja Funke [Downloadable!]
- 06/146 What Transparency Can Do When Incentives Fail: An Analysis of Rent Capture
by Elisabeth Paul & Era Dabla-Norris [Downloadable!]
- 06/145 Aid Volatility and Dutch Disease: Is There a Role for Macroeconomic Policies?
by Thierry Tressel & Alessandro Prati [Downloadable!]
- 06/144 Getting Shut Out of the International Capital Markets: It Doesn't Take Much
by Robert P. Flood & Nancy P. Marion [Downloadable!]
- 06/143 Are More Competitive Banking Systems More Stable?
by Martin Cihák & Klaus Schaeck & Simon Wolfe [Downloadable!]
- 06/142 How Much is Enough? Monte Carlo Simulations of an Oil Stabilization Fund for Nigeria
by Ulrich Bartsch [Downloadable!]
- 06/141 Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union
by Ettore Kovarich & Russell C. Krueger [Downloadable!]
- 06/140 Exchange Rate Misalignment: An Application of the Behavioral Equilibrium Exchange Rate (BEER) to Botswana
by Atsushi Iimi [Downloadable!]
- 06/139 The Credit Risk Transfer Market and Stability Implications for U.K. Financial Institutions
by Li L. Ong & Jorge A. Chan-Lau [Downloadable!]
- 06/138 Did Botswana Escape from the Resource Curse?
by Atsushi Iimi [Downloadable!]
- 06/137 Structural Reforms in the Euro Area: Economic Impact and Role of Synchronization Across Markets and Countries
by Werner Schule & Luc Everaert [Downloadable!]
- 06/136 Nonlinearity in Deviations from Uncovered Interest Parity: An Explanation of the Forward Bias Puzzle
by Lucio Sarno & Giorgio Valente & H. L. Leon [Downloadable!]
- 06/135 Putting the New Keynesian Model to a Test
by Roland Straub & Gert Peersman [Downloadable!]
- 06/134 Review and Implementation of Credit Risk Models of the Financial Sector Assessment Program (FSAP)
by Renzo G. Avesani & Kexue Liu & Alin Mirestean & Jean Salvati [Downloadable!]
- 06/133 Sudden Stops and Currency Drops: A Historical Look
by Luis Catão [Downloadable!]
- 06/132 Determinants of Emigrant Deposits in Cape Verde
by I. Karpowicz [Downloadable!]
More pages of listings: 0|1|2|3|4|5|6|7|8|9|10|11|12|13|14|15|16|17|18|19Access
and download statistics
Did you know? You too can volunteer for RePEc, for example by providing information about publications in your institution.
This page was last updated on 2009-11-20.
This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.