It is striking how often countries that are
rich with oil, minerals or fertile land have
failed to grow more rapidly than those without.…
As we consider over two decades of change in Bolivia, it now seems to us that understanding history involves adjusting short-term…
American fiscal policy has been procyclical: Washington wasted the expansion period 2001–2007 by running budget deficits, but by 2011 had…
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
Many small countries on the periphery have experimented with policies and institutions that could usefully be adopted by others.
Two…
American fiscal policy has been procyclical: Washington wasted the expansion period 2001-2007 by running budget deficits, but by 2011 had…
Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too much in booms and then forced to cut back…
The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general,…