Publications

2005
Barro R. The Political Power of the Pew. Business Week. 2005. bw05_08_22.pdf
Barro R. Interview with Robert Barro. The Region, Minneapolis Federal Reserve Bank. 2005;September.
Barro R. What Price Catastrophe Risk?. Business Week. 2005. bw05_10_03-1.pdf
Barro R. The Right Choice for the Fed. Business Week. 2005. bw05_11_07.pdf
Barro R. Economic Growth across Countries. In: Miles M The Road to Prosperity. Heritage Books ; 2005.
Barro R, Lee JW. IMF Programs: Who Is Chosen and What Are the Effects?. Journal of Monetary Economics. 2005;October.Abstract

IMF loans react to economic conditions but are also sensitive to political-economy variables. Loans tend to be larger and more frequent when a country has a bigger quota and more professional staff at the IMF and when a country is more connected politically and economically to the United States and other major shareholding countries of the IMF. These results are of considerable interest for their own sake. More importantly for present purposes, the results provide instrumental variables for estimating the effects of IMF loan programs on economic growth and other variables. This instrumental estimation allows us to sort out the economic effects of the loan programs from the responses of IMF lending to economic conditions. The estimates show that a higher IMF loan-participation rate reduces economic growth. IMF lending also lowers investment but raises international openness. In addition, greater involvement in IMF programs tends to lower the rule of law and democracy. We conclude that the typical country would be better off economically if it committed itself not to be involved with IMF loan programs.

imf_programs.pdf
Barro R, McCleary RM. Which Countries Have State Religions?. Quarterly Journal of Economics. 2005;November. state_religion_01-05.pdf
2004
Barro RJ. Don't Sweat the Sickly Employment Numbers. Business Week. 2004. 04_0126_dontsweat_bw.pdf
Barro RJ. It's the Spending, Stupid--Not the Deficit. Business Week. 2004. 04_0301_itsthespending_bw.pdf
Barro RJ. Go Figure. Wall Street Journal. 2004. 04_0309_gofigure_wsj.pdf
Barro RJ. A Step in the Right Direction for Iraq. Business Week. 2004. 04_0405_astep_bw.pdf
Barro RJ. The Tea Leaves That Matter To The Fed. Business Week. 2004. 04_0510_tealeaves_bw.pdf
Barro RJ. The Liberal Media: It's No Myth. Business Week. 2004. PDF
Barro RJ. Uncle Sam Wants You, But The Draft Is History. Business Week. 2004. PDF
Barro RJ. Drugs Via Canada? The Side Effects Could Hurt. Business Week. 2004. PDF
Barro RJ. Why Are the Dems Griping About Jobs?. Business Week. 2004. PDF
Barro RJ. Debunking The Myths Of The Kerry Campaign. Business Week. 2004. PDF
Barro RJ. Mysteries Of The Gaping Current-Account Gap. Business Week. 2004. PDF
Barro RJ. Bias Beyond a Reasonable Doubt. The Weekly Standard. 2004;010 (13). PDF
Barro R. Don’t Sweat the Sickly Employment Numbers. Business Week. 2004. bw-jan26-04.pdf

Pages