NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

On Graduation from Fiscal Procyclicality

Jeffrey A. Frankel, Carlos A. Végh, Guillermo Vuletin

NBER Working Paper No. 17619
Issued in November 2011

---- Acknowledgements -----

We would like to thank seminar participants at the IMF, World Bank, Central Bank of Chile, Central Bank of Hungary, and, especially, an editor and two anonymous referees for helpful comments and suggestions. Vuletin acknowledges the Division of Social Sciences at Colby College for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Jeffrey A. Frankel -----

July 15, 2011

Ethics Disclosure - Jeffrey A. Frankel

It has recently become expected on ethics grounds that economists should disclose sources of professional income beyond that from their academic employer. Accordingly I offer the following information. (I include only compensation in excess of $1,000.)

In 2010: I gave talks for the International Monetary Fund, three foreign non-profit educational/research institutions, a domestic bank, a foreign bank, and two consulting firms. I wrote and presented papers for the NBER, the World Bank, and a foreign central bank. I also served as an expert witness in a legal case where the ultimate clients were financial institutions.

In 2009: I gave talks for the International Monetary Fund, a foreign educational institution, a bank, and five consulting firms. I wrote and presented papers for the European Central Bank and the World Bank.

In 2008: I gave talks for the International Monetary Fund, a foreign bank, three other financial institutions, two consulting firms and an educational institution. I wrote and presented papers for two think tanks, the World Bank, the NBER, and a foreign central bank. I also served as an expert witness in a legal case where the client was a financial investor.

See also: http://www.hks.harvard.edu/fs/jfrankel/EthicsDisclosure.doc

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