Stephen Tokarick is a senior economist in the Economic Modeling Division of the Research Department. He has also worked as a country economist for Dominica, St. Kitts and Nevis, and Jamaica in the Western Hemsiphere Department. Prior to joining the Fund, he held positions at the U.S. International Trade Commission and the U.S. Department of Agriculture.
Fluent In: Latin.
Ph.D in economics from the University of Pittsburgh, specializing in international trade.
M.A. in economics, University of Pittsburgh
B.A. in economics, Millersville University, magna cum laude
Senior Economist, Research Department, International Monetary Fund
Senior Economist, Western Hemisphere Department, International Monetary Fund. Country economist for Dominica, St. Kitts and Nevis, and Jamaica. Also, worked on Trinidad and Tobago, Grenada, Canada, and the United States
Economist, Research Divsion, U.S. International Trade Commission
Economist, U.S. Department of Agriculture
IMF Books and Working Papers:
External Performance in Low-Income Countries, Occasional Paper No. 272, March 15, 2011
A Method for Calculating Export Supply and Import Demand Elasticities, Working Paper No. 10/180, July 01, 2010
Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain, Working Paper No. 08/112, April 01, 2008
Trade Liberalization, Macroeconomic Adjustment, and Welfare: Unifying Trade and Macro Models, Working Paper No. 06/304, December 01, 2006
Trade Issues in the Doha Round: Dispelling Some Misconceptions, Policy Discussion Paper No. 06/04, August 01, 2006
Immiserizing Foreign Aid: The Role of Tariffs and Nontraded Goods, Working Paper No. 06/129, May 01, 2006
Does Import Protection Discourage Exports?, Working Paper No. 06/20, January 01, 2006
Trade and Growth in the Presence of Distortions, Working Paper No. 05/12, January 01, 2005
What Do We Know About Tariff Incidence?, Working Paper No. 04/182, September 01, 2004
Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium, Working Paper No. 03/110, May 01, 2003
Quantifying the Impact of Trade on Wages: The Role of Nontraded Goods, Working Paper No. 02/191, November 01, 2002
Developments and Challenges in the Caribbean Region, Occasional Paper No. 201, December 04, 2000
Why Has Inflation in the United States Remained So Low? Reassessing the Importance of Labor Costs and the Price of Imports, Working Paper No. 99/149, November 01, 1999
Considerations in Reducing Inflation From Low to Lower Levels, Working Paper No. 98/109, August 01, 1998
External Shocks, The Real Exchange Rate, and Tax Policy, Working Paper No. 94/88, August 01, 1994
The Trade and Welfare Consequences of U.S. Export-Enhancing Tax Provisions, Working Paper No. 94/50, May 01, 1994
Competitiveness Indicators - A Theoretical and Empirical Assessment, Working Paper No. 94/29, March 01, 1994
Other Published Materials
"Aligning Aid With Adjustment," Finance and Development, March 2005, pp. 30-34.
"Trade Liberalization in the Caribbean," (with Janet Stotsky and Esther Suss), Finance and Development, June 2000, pp. 22-25.
"Developments and Challenges in the Caribbean Region," (with S. Itam, S. Cueva, E. Lundback, and J. Stotsky), Occasional Paper No. 201, International Monetary Fund, 2000.
Publications in Journals (Refereed)
“Trade Liberalization, Macroeconomic Adjustment, and Welfare: How Costly Are
Nominal Rigidities,” with Ehsan Choudhri and Hamid Faruqee, IMF Economic
Review, volume 59, number 3, August 2011, pp. 455-487
“A Method For Calculating Export Supply and Import Demand Elasticities” Journal of International Trade and Economic Development, volume 23, no. 7, April 2014, pp. 1059-1087.
Other Published Materials
“Commodity Currencies and the Real Exchange Rate,” Economic Letters, vol. 101, 2008, pp. 60-62.
“Dispelling Some Misconceptions About Agricultural Trade Liberalization,” Journal of Economic Perspectives, volume 22, number 1, Winter 2008, pp. 199-216.
“Welfare Worsening Aid Flows To Small Countries,” Review of Development Economics, volume 12, no. 4, 2008, pp. 818-827.
“Trade and Growth in the Presence of Distortions,” (with James Cassing), Journal of International Trade and Economic Development, vol. 16, no. 4, December 2007, pp. 475-504.
“How Large Is the Bias Against Exports From Import Tariffs?” World Trade Review, volume 6, issue 2, July 2007, pp. 193-212.
“A Simple Rule For Assessing Tariff and Tax Incidence,” Economics Letters, volume 93, issue 1, October 2006, pp. 116-120.
"Quantifying the Impact of Trade on Wages: The Role of Nontraded Goods," Review of International Economics, vol. 13, issue 5, November 2005, pp. 841-860, (lead article).
"Who Bears the Cost of Agricultural Support in OECD Countries?" World Economy, vol. 28, no. 4, April 2005, pp. 573-593.
"An Assessment of Three Measures of Competitiveness," (with Ian Marsh), Weltwirtschaftliches Archiv, vol. 132(4), December 1996, pp. 700-722.
"Export Promotion: The Role of Transportation Subsidies," Journal of Economic Studies, vol. 23, issue no. 4, December 1996, pp. 50-63. This paper received a citation of excellence from the editorial board.
"Friends, Enemies, and Factor Diversification: Implications for Protectionist Pressures," Journal of Economic Integration, vol. 10, no.4, December 1995, pp. 434-443.
"External Shocks, the Real Exchange Rate, and Tax Policy,” IMF Staff Papers, vol. 42, no. 1, March 1995, pp. 49-79.
"Estimating the Welfare Cost of Tariffs: The Roles of Leisure and Domestic Taxes" (with Don Rousslang), Oxford Economic Papers, vol. 47, no. 1, January 1995, pp. 83-97.
"The Welfare Consequences of U.S. Export-Enhancing Tax Provisions," (with Don Rousslang), IMF Staff Papers, vol. 41, no. 4, December 1994, pp. 675-683.
"United States Adjustment in the 1990s: A CGE Analysis of Alternative Trade Strategies," (with Ken Hanson and Sherman Robinson), International Economic Journal, vol. 7, number 2, Summer 1993, pp. 27-49.
Book review of “Measuring the Restrictiveness of International Trade Policy,” by James Anderson and J. Peter Neary, published in World Trade Review, volume 5,
issue 3, November 2006, pp. 495-498.