Data published in IMF country reports and International Financial Statistics (IFS) may differ for seemingly identical variables, and at times users may be unaware of the reasons underlying such differences and may lack the information needed to permit reconciliation. This paper presents a study...

Data published in IMF country reports and International Financial Statistics (IFS) may differ for seemingly identical variables, and at times users may be unaware of the reasons underlying such differences and may lack the information needed to permit reconciliation. This paper presents a study...

The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many...

The issue of whether government capital is productive has received a great deal of attention recently, yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many...

This paper shows that, under the price fluctuations that characterize most transition economies, the commonly used chain index derived from the published month-to-month price change of the producer price index (PPI) in most cases dramatically overstates the rate of price inflation. This drift,...

This paper considers the effect of exchange and capital controls on trade in the gravity-equation framework, in which bilateral exports depend on the distance between countries, the countries' size and wealth, tariff barriers, and exchange and capital controls. The extent of exchange and capital...