Provisional Program

Research at the IMF

Whither Development Economics?
February 16, 2005, 2:30-5:00 p.m.

IMF Seminars, Conferences, and Workshops

Macroeconomic Policy Challenges in Low Income Countries Conference
IMF Headquarters, Washington, DC
February 15-16, 2005

The Governments of the United Kingdom and the Netherlands, the International Monetary Fund, and the World Bank have launched an international research project on the macroeconomic challenges faced by low income countries. The main goal of the project (which is being coordinated by the Global Development Network) is to obtain the perspectives and insights of academics based in low income countries on the effectiveness and scope for improvement of macroeconomic policies in their economies. The body of research that has been generated under the project will be presented at this conference that 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, February 11, 2005.

Provisional Program
February 15

[Meeting Hall B]

(Use the free Adobe Acrobat Reader to view conference papers.)

9:00 am

Opening Remarks
Anne Krueger (First Deputy Managing Director, IMF), Raghuram Rajan (Chief Economist, IMF), Adrian Wood (Chief Economist, Department for International Development)


9:30 am-11:00 am

Session 1: Macroeconomic Policies I
Chairperson: Anupam Basu, IMF


"Bolivia: Impact of Shocks and Poverty Policy on Household Welfare"
Presenters: Gover Barja Daza, Bolivian Catholic University, Javier Monterrey Arce, Bolivian National Institute of Statistics, and Sergio Villarroel Bohrt, Ministry of the Presidency
Discussant: Gabriela Inchauste, IMF


"Macroeconomic Policies and Poverty Reduction in Malawi: What Can We Infer from Panel Data?"
Presenter: Ephraim Chirwa, University of Malawi
Discussant: Francisco Ferreira, World Bank


11:00 am-11:30 am

Coffee Break


11:30 am-1:00 am

Session 2: Shocks and Macro-Volatility
Chairperson: Maurice Schiff, World Bank


"Do Migrant Remittances Minimize the Impact of Macro-Volatility on the Poor in Ghana?"
Presenters: Peter Quartey, Institute of Statistical, Social and Economic Research, University of Ghana, and Theresa Blankson, Bank of Ghana
Discussant: Reena Aggarwal, Georgetown University


"Shocks, Economic Growth and the Indian Economy"
Presenters: B.B. Bhattacharya and Sabayasachi Kar, Institute of Economic Growth, India
Discussant: Ranil Salgado, IMF


1:00 pm-2:30 pm

Lunch Break

  [Room 2-530]

2:30 pm-4:00 pm

Session 3: Macroeconomic Policies II
Chairperson: John Page, World Bank


"Macroeconomic Policies, Shocks and Economic Growth in South Africa"
Presenter: Yohane Khamfula, University of Witwatersrand
Discussant: Luca Ricci, IMF


"Linkages between Macroeconomic Reform Policies, Shocks, and Poverty Reduction: The Indonesian Case"
Presenter: Tulus Tambunan, Indonesian Chamber of Commerce and Industry
Discussant: Aart Kraay, World Bank


4:00 pm-4:30 pm

Coffee Break


4:30 pm-6:00 pm

Session 4: Trade Liberalization
Chairperson: Alan Winters, World Bank


"The Impact of Trade Liberalization on Revenue Mobilization and Stability in Sudan"
Presenter: Kabbashi Medani Suliman, University of Khartoum
Discussant: Ibrahim Elbadawi, World Bank


"Impact of Elimination of Trade Taxes on Poverty and Income Distribution in Ghana"
Presenters: Vijay K. Bhasin and Samuel Annim, University of Cape Coast
Discussant: Andy Berg, IMF

February 16
[Room 2-530]

9:30 am-10:30 am

Keynote speech: Stabilizing Resource Flows to Meet the Millennium Development Goals
Chairperson: Ad Melkert (Executive Director, The Netherlands Constituency, World Bank)
Speaker: Alan Gelb, (Director of Development Policy, Development Economics Research Group, World Bank)


10:30 am-11:00 am

Coffee Break


11:00 am-12:30 pm

Session 5: Fiscal and Monetary Policy
Chairperson: Mohsin Khan, IMF


"Fiscal Policy and Sectoral Productivity Convergence in Cameroon: Implications for Poverty Reduction"
Presenter: Tabi Atemnkeng Johannes, University of Dschang
Discussant: Ernst B.K. van Koesveld, Ministry of Finance, The Netherlands


"Domestic Government Debt Structure, Risk Characteristics and Monetary Policy Conduct: Evidence from Nigeria"
Presenters: Robert Asogwa, University of Nigeria, and Charles Ezema, Afribank Head Office
Discussant: Torbjorn Becker, IMF


12:30 pm-2:00 pm



2:30 pm-5:00 pm

[IMF Gallery, 2nd Floor]
Symposium "Whither Development Economics?"

Moderator: Arvind Subramanian, IMF
Speakers: Abhijit Banerjee (Massachusetts Institute of Technology), Tim Besley (London School of Economics), Simon Johnson (Massachusetts Institute of Technology/IMF), Dani Rodrik (Harvard), and John Williamson (Institute for International Economics)


2:30 pm-4:00 pm

Panelists' presentations


4:00 pm-5:00 pm



5:00 pm

Concluding Remarks: François Bourguignon (Chief Economist and Senior Vice President, Development Economics, World Bank), Jeroen Kremers (Executive Director, The Netherlands Constituency, IMF)


5:30 pm-6:30 pm