Reforms — IMF Sixth Jacques Polak Annual Research Conference

(Program) November 3–4, 2005
IMF Headquarters
Washington, D.C.

This website contains papers and web links to papers that were considered at the Sixth Jacques Polak Annual Research Conference. The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.

The International Monetary Fund will hold the Sixth Jacques Polak Annual Research Conference at its headquarters in Washington, DC, on November 3–4, 2005. The conference is intended to provide a forum for discussing innovative research in economics, undertaken both by IMF staff and by outside economists, and to facilitate the exchange of views among researchers and policy makers.

The conference will be open to the public. To register please send an e-mail with your name and affiliation to The deadline for public registration is Friday, October 28, 2005. Please note that, for this event, invitations for visa purposes will be extended only to the conference speakers.


Day 1: Thursday, November 3, 2005
8:45 Introductory Remarks: Agustín Carstens, Deputy Managing Director, IMF
9:00–10:30 Session 1: What Makes Reforms Happen?

Chair: Leslie Lipschitz (IMF)

  • Public Opinion and the Dynamics of Reform by Sanjay Jain (University of Virginia) and Sharun Mukand (Tufts University)

    Discussant: Douglas Nelson (Tulane University and IMF)

  • Capital Mobility and Reform by Pierre-Olivier Gourinchas (University of California at Berkeley) and Olivier Jeanne (IMF and Princeton University).

    Discussant: Gita Gopinath (University of Michigan)
10:30–10:45 Coffee Break
10:45–1:00 Session 2: What Makes Reforms Happen? (continued)

Chair: Mohsin Khan (IMF)

1:00–2:30 Lunch (by invitation, IMF Gallery)
Luncheon remarks: Rodrigo de Rato (IMF Managing Director)
2:30–4:00 Session 3: The Effects of Reforms

Chair: Ulrich Baumgartner (IMF)

4:00–4:15 Coffee Break
4:15–5:45 Mundell-Fleming Lecture

Chair: Raghuram Rajan, Economic Counsellor and Director, Research Department, IMF

  • The Political Economy of Adjustments: Who Reforms and When? by Alberto Alesina (Harvard University)
7:00 Dinner (by invitation, location TBA)
Day 2: Friday, November 4, 2005
9:15–10:45 Session 4: Reforming the Government

Chair: Mark Allen (IMF)

10:45–11:00 Coffee Break
11:00–12:30 Session 5: Experiences with Reform

Chair: Susan Schadler (IMF)

  • Political Constraints and Support for Reform by Raj M. Desai (Georgetown University) and Anders Olofsgård (Georgetown University).

    Discussant: Ashoka Mody (IMF)

  • The Worldwide Diffusion of Market-Oriented Infrastructure Reform, 1977-1999 by Mauro F. Guillen (University of Pennsylvania), Witold J. Henisz (University of Pennsylvania), and Bennet A. Zelner (University of California at Berkeley)

    Discussant: Timothy Lane
12:30–2:00 Lunch (by invitation, IMF Gallery)

Luncheon remarks: Anne Krueger, First Deputy Managing Director, IMF

Afternoon (IMF Headquarters—HQ1 - Meeting Hall B)
2:00–3:30 Session 6: Economic Forum: Reforming the IMF: Governance and the Executive Board

Chair: Jonathan Ostry (IMF)

  • Multiple-State Constituencies in the IMF: An Agency Approach by Lisa Martin (Harvard University) & Ngaire Woods (Oxford University).

    Roundtable Discussion on IMF Governance and the Role of the Executive Board

    Panelists: James Boughton (IMF), Charles Calomiris (Columbia University), Carlo Cottarelli (IMF), Jong Nam Oh (IMF, Executive Director), Tom Scholar (IMF, Executive Director)

Organizing committee : Enrica Detragiache (Chair), Reza Baqir, Torbjorn Becker, Akito Matsumoto, Alex Mourmouras, Antonio Spilimbergo, and Rodney Ramcharan.