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1 June, 2013 Andrew Feltenstein Andrew Feltenstein is Professor of Economics, Andrew Young School of Policy Studies, Georgia State University. He was previously Program Director for Economics at the National Science Foundation, and until November 2008 he was Senior Advisor at the International Monetary Fund, in charge of the IMF’s Internal Economics Training Program. He holds a B.A. in mathematics from Harvard University, an M.A. in mathematics from Yale University, and a Ph.D. in economics from Yale. Mr. Feltenstein has held a number of academic positions, including assistant professor at the University of Massachusetts at Amherst, professor at the University of Kansas, and professor at Virginia Tech. After teaching at Massachusetts, he joined the International Monetary Fund in the Young Professionals program, and worked in the Research and Fiscal Affairs departments before moving to the World Bank in the Country Policy Department. Mr. Feltenstein’s primary fields of research are public economics and applied general equilibrium, while his current interests involve the analysis of financial assets in the context of banking and macroeconomic reform in developing countries. He has worked as a consultant for the International Monetary Fund, the World Bank, the Asian Development Bank, the UNDP, the Monetary Authority of Singapore, the African Economic Research Consortium, and the Ministry of Finance of China. As part of this consulting work he has carried out research on a variety of countries including China, Singapore, Bangladesh, Pakistan, Mexico, Ecuador, Ethiopia, Tanzania, Uganda, Egypt, and Australia. He has published in a wide variety of journals and books. His most recent papers are on the impact of fiscal decentralization on the macro-economy of China, and on bank panics and mitigating policies, applied to Mexico, Bangladesh, and China, on macro stabilization in Uganda and Tanzania, on trade reform in the ASEAN countries, and on models of tax evasion Contact: Andrew Feltenstein Professor of Economics Andrew Young School of Policy Studies Georgia State University Tel: 404-413 0093 Email: [email protected] SSRN author website: http://ssrn.com/author=48158 2 RESUME Name: Andrew Feltenstein Present Position: Professor of Economics Andrew Young School of Policy Studies Georgia State University Business Address: Dept. of Economics Andrew Young School of Policy Studies 14 Marietta St., Rm 524 Atlanta, GA 30303 Telephone: 404-413 0093 EMAIL: [email protected] Education: B.A., Mathematics, Harvard University, 1968 Fulbright Scholarship, Mathematics Heidelberg University, Germany, 1968-69 M.A., Mathematics, Yale University, 1971 Ph. D., Economics, Yale University, 1976 Languages: English (native), Spanish (good), German (adequate) Doctoral Dissertation: General Equilibrium in a Model of an Economy of the Traditional Soviet Type Advisor: Professor Herbert Scarf, Yale University Areas of Specialization Applied General Equilibrium, Macroeconomics, International Trade, Public Finance, Transition Economies, International Finance, Development Economics Previous Positions: Assistant Professor Department of Economics University of Massachusetts at Amherst, 1975-76 Economist (working on Argentina) Western Hemisphere Department International Monetary Fund, 1976-77 Economist Research Department International Monetary Fund, 1977-81 3 Senior Economist Fiscal Affairs Department International Monetary Fund, 1982-84 Senior Economist Country Policy Department World Bank, 1985-88 Professor of Economics University of Kansas, 1986-1995 Professor of Economics Virginia Tech, 1995-2002 Senior Advisor, IMF Institute International Monetary Fund, 2001-2008 Temporary Positions: Advisor Center for Monetary Studies Central Bank of Argentina September 1979 - February 1980 Visiting Professor Stockholm School of Economics October - December 1983 Visiting Research Fellow Department of Economics University of Melbourne, Australia February - August 1984 Visiting Professor Institute of World Economy Fudan University Shanghai, China February - June 1988 (Sponsored by award of the U.S. National Academy of Science and the Ford Foundation) Visiting Scholar Research Department International Monetary Fund May - July 1990 4 Visiting Scholar Research Department International Monetary Fund June - July 1991 Visiting Scholar Fiscal Affairs Department International Monetary Fund June - July 1992 Visiting Scholar Monetary and Exchange Affairs Department Fiscal Affairs Department International Monetary Fund May-July 1995 Visiting Scholar Research Department International Monetary Fund June 1996 Visiting Scholar IMF Institute International Monetary Fund January 1999-August 2000 Visitor: London School of Economics January 1984 University of Warwick Warwick, England February 1984 Stockholm School of Economics Stockholm, Sweden June 1986 University of Western Australia Perth, Australia June 1992, August 1995 Referee for: Review of Economic Studies Journal of Comparative Economics 5 Journal of Development Economics Journal of Policy Modeling Journal of Public Economics Journal of Mathematical Programming Economic Journal World Development American Economic Review Journal of International Economics ACES Journal European Economic Review Journal of Money, Credit and Banking Econometrica Journal of Political Economy Journal of Economic Integration National Science Foundation Economic Record Australian Economic Papers Journal of Macroeconomics International Economic Review China Economic Review World Bank Economic Review Economics of Planning Economic Systems Contemporary Economic Policy Journal of Economic Literature Agricultural Economics Journal of Economic Development and Cultural Change Associate Editor of: Journal of Comparative Economics Direct Country Work: IMF Missions to: Argentina: Responsibility: Country economist for Argentina. Participated in stand-by loan negotiations. Also wrote papers on price distortions in Argentina, published in Finance and Development, IMF Staff Papers, Research in Human Capital and Development, and Ensayos Economicos. Zambia: Responsible for constructing a multi-lateral exchange rate model for copper-producing countries, later published in IMF Staff Papers. Uruguay: Responsible for fiscal part of country reports. Also participant in stand-by negotiations. 6 Ethiopia: Responsible for fiscal part of country reports. Also carried out research project on construction of currency basket for planned economies, applied to Ethiopia, later published in Journal of Development Economics. Bolivia: Responsible for real sector in annual report. China: Responsible for fiscal part of country report. Also carried out research projects on estimating repressed inflation in China, as well as structure of savings behavior. First two papers were published in Journal of Money, Credit, and Banking, while a further paper was published in the Journal of Development Economics. Sri Lanka: Responsible for IMF study on reform of the tax system, with particular emphasis on direct taxation of the agricultural sector. The project appeared as Selected Taxation Issues in Sri Lanka. World Bank Missions to: Sri Lanka: Responsible for fiscal analysis in annual report. Pakistan: Responsible for the construction of general equilibrium simulation model as part of the Country Economic Memorandum. Consultancies: World Bank research project #674-08." An Analysis of the Macroeconomic Implications of Reductions in Government Spending: Methodology and Applications to Mexico and Sri Lanka," (1986-87). Responsible for project management and coordination, as well as initial project development. Also responsible for construction of model for analysis of reduction in the size of central government. The resulting paper (with Stephen Morris) was published in the Journal of Public Economics. Centre for International Economics, Australian National University, project: "Global Agricultural Trade Study Project." Responsible for writing section of project on general equilibrium effects of US macro policies on agriculture. (1987). The resulting paper was published in the book, Global Study: Macroeconomic Consequences of Farm Support Policies, Andrew Stoekel and David Vincent eds. Duke University Press World Bank research project, "International and Macroeconomic Policies in the Agricultural Development of Mexico," with Richard Just and Gerald 0'Mara. Responsible for construction of macroeconomic structure of Mexico-US agricultural model. (1988) World Bank Country Economic Report on China (1988). Responsible for writing section of the report on inflation in China. Project carried out while at Fudan University in Shanghai. 7 Resulting paper was published in Journal of Money Credit and Banking World Bank Country Economic Report on Pakistan (1988). Responsible for construction of intertemporal general equilibrium model of Pakistan. Model was used for evaluation of the consistency of Pakistan five year plan. Consultant to the Minister of Finance of Ecuador (1989). Position sponsored by UNDP assistance project for Latin America. Project constructed macroeconomic adjustment model for Ecuador. Consultant to the World Bank on project, "Inflation, Price Controls and Fiscal Adjustment in Africa". Wrote survey paper on the use of price controls.(1989) Consultant to the World Bank on project, "The Implications of Investment Tax Credits; An Application to Mexico and Pakistan." Resulting papers were published in Public Finance and Journal of Development Economics . Consultant to the World Bank on project, "The