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Press & Links

                                                     LIST OF PUBLICATIONS


2015    "Challenges for Systemic Risk Assessment in Low-Income Countries", Journal of Risk Management in Financial Institutions, vol. 8, 2. pp. 118-129. (download)

2007     "Foreign Direct Investment in European Transition Economies: The Role of Policies", Journal of Comparative Economics, vol. 35, No. 2, pp. 369-386 (with B. Horvàth, E. Ribakova, and Y. Wu).  (abstract through ScienceDirect)

2000     Government Employment and Wages and Labor Market Performance, Oxford Bulletin of  Economics and Statistics, vol. 62, No. 3, pp. 391-415 (with Z. Kontolemis). (also issued as IMF Working Paper WP/99/55).   (Working Paper version here)

1998     An Index of Coincident Economic Indicators for Estonia, Review of Economies in Transition, vol. 6, pp. 77-88 (with Ü. Lõhmus).   (download)

1997     Labor Market Performance and Institutions in Greece, South European Society and Politics, vol. 2, No. 2, pp. 78-109 (with Z. Kontolemis).  (download)

1995     "Labor Market Institutions and Flexibility in Italy", Labour, vol. 9, No. 1, pp. 1-43. (download)

1993     "An Empirical Analysis of the Output Decline in Three Eastern European Countries", IMF Staff Papers, vol. 40, No. 1, pp. 1-31 (with E. Borenzstein and J. Ostry).  (abstract)

1990     "Labor Market Segmentation in a Two-Sector Model of an Open Economy", IMF Staff Papers, vol. 37, No. 4, pp. 849-64.  (abstract)

1988     "The Effects of the Common Agricultural Policy of the European Community: A Survey of the Literature", Journal of Common Market Studies, vol. 27, No. 2, pp. 113-45 (with K. Bartholdy, S. Gupta, L. Lipschitz, and T. Mayer).  (download)

1987     "The Nature of Unemployment in Segmented Labor Markets", Economics Letters, Vol. 25, No. 1, pp. 91-4.  (download)

1986     "Non-Traded Goods in an Asymmetric Trade Model", Journal of International Economic Integration, vol. 1, No. 2, pp. 171-83.  (download)


2015    "Designing Effective Macroprudential Stress Tests: Progress So Far and the Way Forward", IMF Working Paper 15/146, International Monetary Fund, Washington DC. (download)

2015    Panel discussion on "Macroeconomic Trends: Fiscal and Monetary Responses" at the 2015 Milken Global Conference (video link here).

2007     “Are European Emerging Markets Different?” Keynote speech to the 5th Emerging Market Workshop of the European System of Central Banks and the Austrian National Bank, Vienna, March 5-6, 2007, Austrian National Bank.  (conference version here)

2005     "Foreign Direct Investment in Southeastern Europe: What Do the Data Tell Us?", in Liebscher, K. et al. (eds.), European Economic Integration and South-East Europe, Edward Elgar, London (with B. Horvàth, E. Ribakova, and Y. Wu).

2002     "The Economics of Post Conflict Aid", IMF Working Paper WP/02/198, International Monetary Fund, Washington, DC (with J. McHugh and T. Kosma).  (download or Google books)

2002     Kosovo: Institutions and Policies for Growth, International Monetary Fund, Washington, DC (with D. Jacobs and J. Herderschee).  (download)

2002      "Building Peace in South East Europe: Macroeconomic Policies and Structural Reforms Since the Kosovo Conflict", joint IMF-World Bank paper for the Second Regional Donor Conference on South Eastern Europe; Finance & Development, vol. 39, No. 1, International Monetary Fund, Washington, DC (with J. McHugh, J. Herderschee, and S. Mitra).  (download or Google books)

1997     Unemployment in Greece: A Survey of the Issues, EUI Working Paper RSC No. 97/17, European University Institute, Florence. (download) (also issued as IMF Working Paper WP/96/91)

1995     "The Italian Public Pension System: Current Prospects and Reform Options", IMF Working Paper WP/95/33, International Monetary Fund, Washington, DC (with P. Canziani). (download)

1992     "The Output Decline in the Aftermath of Reform: The Cases of Bulgaria, Czechoslovakia, and Romania", IMF Working Paper WP/92/59, International Monetary Fund, Washington, DC (with E. Borenzstein and J. Ostry).  (download)

1991     The Romanian Economic Reform Program, IMF Occasional Paper 89 (with M. Khan), International Monetary Fund, Washington, DC.  (abstract)

1990     "Equilibria with Unemployment in Segmented Labor Markets", IMF Working Paper WP/90/32, International Monetary Fund, Washington, DC.  (download)

1988     The Common Agricultural Policy of the European Community, IMF Occasional Paper 62 (with J. Rosenblatt, T. Mayer, K. Bartholdy, S. Gupta, and L. Lipschitz), International Monetary Fund, Washington, DC.

1987     "Factor Substitution in Production in Industrialized and Less Developed Countries", World Bank Discussion Paper DRD 288 (with R. Klinov), World Bank, Washington, DC.

1987     "The Stagnation of Manufacturing Employment in Latin America 1970-85", World Bank  Discussion Paper DRD 301 (with R. Klinov), World Bank, Washington, DC.