On the Desirability of Capital Controls, by Jonathan Heathcote and Fabrizio Perri; Presented at the Fifteenth Jacques Polak Annual Research Conference, November 13-14, 2014

14th Jacques Polak Annual Research Conference; November 7–8, 2013

Disaggregating the Matching Function by Peter A. Diamond and Ayşegül Şahin; 17th Annual Research Conference, November 3-4, 2016

The Global Labor Market Impact of Emerging Giants: a Quantitative Assessment: Labor Markets through the Lens of the Great Recession; Thirteenth Jacques Polak Annual research Conference; November 8 and 9, 2012

This paper investigates both aggregate and distributional impacts of the trade integration of China, India, and Central and Eastern Europe in a quantitative multi-country multi-sector model, comparing outcomes with and without factor market frictions. Under perfect withincountry factor mobility, the gains to the rest of the world from trade integration of emerging giants are 0.37%, ranging from...

The Causes of Fiscal Transparency: Evidence from the American States, by James E. Alt, David Dreyer Lassen, and Shanna Rose -- Reforms: IMF Sixth Jacques Polak Annual Research Conference, November 3-4, 2005

We use unique panel data on the evolution of transparent budget procedures in the American states over the past three decades to explore the political and economic determinants of fiscal transparency. Our preliminary results suggest that more equal political competition and power sharing are associated with both greater levels of fiscal transparency and increases in fiscal transparency during t...

Assessing International Efficiency

This chapter is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation of capital and consumption in a large cross section of countries. We find that countries that grow fa...