Staff Discussion Notes
Staff Di scussion Notes showcase new policy-related ana lysis and research by IMF depart-
ments. ese papers are generally brie f and written in nontechnical lang uage, and are aimed
at a broad audience interested in economic policy issue s. For more information on this series
and to download the papers in t his series, please visit www.imf.org/external/pubs/cat/
Bank Size and Systemic Risk
No. 14/ 5
Direct Distribution of Resource Revenues: Worth Considering?
Sanjeev Gupta, Alex Segura-Ubiergo, and Enrique Flores
No. 14/ 6
Emerging Markets in Transition: Growth Prospects and Challenges
No. 14/ 7
Adjustment in Euro Area Decit Countries: Progress, Challenges, and Policies
Fifteenth Jacques Polak Annual Research Conference “Cross-Border Spillovers”
November 13-14, 2014
The International Monetary Fund will hold the Fif teenth Jacques Polak Annual Research Conference at its headquarters in Washing-
ton, DC on November 13–14, 2014. The conference promises to be an exciting opportunity to discuss topical policy issues related to
cross-bord er spillovers.
The ARC Program Committee has lined up an excellent set of papers for the conference fr om Alan J. Auerbach (University of Cali-
fornia, Berkeley) and Yuriy Gorodnichenko (University of California, Berkeley); Yan Bai (Universit y of Rochester) and Cristina Arellano
(Federal Reserve Bank of Minneapolis); Julien Bengui (Université de Montréal) a nd Javier Bianchi (University of Wis consin-Madison);
Christoph Boehm (University of Michigan), Aaron Flaaen ( University of Michigan) and Nitya Pandalai Nayar (University of Michigan);
Marcos Chamon (IMF ) and Márcio Garcia (PUC-Rio); Charles Engel (University of Wisconsin-M adison); Marcel Fratzscher (DI W Berlin,
Humboldt-University Berlin), Marco Lo Duca (European Cent ral Bank), and Roland Straub (European Central Bank); Simon Gilchrist
(Boston University), Vivian Yue (Emor y University and Federal Reserve Bank of Atlanta), and Egon Zakrajsek ( Federal Reserve Board);
Jonathan Heathcote (Federal Reser ve Bank of Minneapolis) and Fabrizio Perri (Federal Reserve Bank of Minneapolis); Anton Korinek
(Johns Hopkins University); Joseba Mart inez (New York University) and Thomas Philippon (New York University ); and Eric van Wincoop
(University of Virginia). Hélène Rey (London Business Scho ol) will deliver the Mundell-Fleming Lecture.
For further information on the program and details on how to register for the c onference, please visit the IMF website (www.imf.org)
or email ARC@imf.org.