01549cas a2200241 a 4500 AALejournalIMF012921 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589063518 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff Papers, Volume 51, No. 3. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (216 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP-all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 2004/003 Full text available on IMF http://elibrary.imf.org/view/journals/024/2004/003/024.2004.issue-003-en.xml IMF e-Library