https://hdl.handle.net/10419/302 2026-10-04T15:52:38Z https://hdl.handle.net/10419/23223 Title: A True Test: Do IMF Programs Hurt the Poor? Authors: Hajro, Zlata; Joyce, Joseph P. Abstract: This paper uses a fixed-effects model to analyze the effect of IMF programs on poverty with data from 82 countries during 1985 to 2000. Two indicators of poverty, infant mortality rates and the Human Development Index (HDI), are utilized, and the effects of the IMF's concessionary and nonconcessionary programs are investigated, as well as economic and governance factors. The results show that the IMF's programs have no significant direct impact on poverty. Growth and good governance, however, both have significant impacts, lowering infant mortality and increasing the HDI. The Fund's concessionary programs increase the impact of growth on lowering infant mortality, while the nonconcessionary programs lower the impact of growth on the HDI. We also test for the impact of IMF programs on growth. Concessionary programs have a significant contemporaneous positive effect, while nonconcessionary programs have a significant lagged positive effect. 2004-01-01T00:00:00Z https://hdl.handle.net/10419/23221 Title: Promises made, promises broken : a model of IMF program implementation Authors: Joyce, Joseph P. Abstract: This paper presents a model of the implementation of IMF programs, which is empirically tested with data from the period 1975-99. The IMF and the borrowing country are shown to have asymmetric evaluations of a program?s discounted benefits, due to differences in the measurement of the benefits, the relevant time frame and appropriate discount rate. The model also distinguishes between a government that seeks to maximize national welfare and an autocracy that seeks only to benefit the ruling group. The results of the empirical analysis demonstrate that program implementation is affected by a country?s trade openness, the ideological cohesion of the government, the duration of the political regime, and the degree of political openness. 2003-01-01T00:00:00Z https://hdl.handle.net/10419/23220 Title: To free ride or not to free ride? Role of patterning and feedback in the public goods game Authors: Chaudhuri, Ananish; Chen, DeeDee; Graziano, Sara; McIntire, Frances; Winkler, Dawn Abstract: We study a public goods game where subjects get feedback either continually or intermittently. We find that the intermittent feedback helps to mitigate problems of free riding because subjects in this treatment focus more on a string of choices rather than deciding on a case by case basis as in the continuous feedback treatment. 2003-01-01T00:00:00Z https://hdl.handle.net/10419/23222 Title: The adoption, implementation and impact of IMF programs : a review of the issues and evidence Authors: Joyce, Joseph P. Abstract: This paper evaluates the literature on the lending programs of the IMF. The first section deals with the initiation of a Fund program, which has been shown to be influenced by political and institutional variables. A second focus of research analyzes the design and implementation of Fund supported polices, since many programs are often not successfully completed. The third issue surveyed is the impact of IMF policies on the economy of the borrowing government. The effect of Fund programs on private capital flows is also examined. The last section presents issues that merit further research. 2003-01-01T00:00:00Z