We examine the evolution of infrastructure, and the impact of infrastructure investment, in middleincome countries (MICs). We document how different types of infrastructure stocks, as well as infrastructure investment, vary with the level of development and growth performance. We then use the...

Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help...

Contents -- I. INTRODUCTION -- II. EVALUATING MISALIGNMENT ASSESSMENTS FOR ADVANCED ECONOMIES -- III. CROSS-SECTION ANALYSIS OF THE FALL 2006 CGER ESTIMATES -- IV. CONCLUSION -- REFERENCES -- Appendix I. Pooled Regression Results -- Appendix II. Description of Diagnostic Statistics -- Appendix...