Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too much in booms and then forced to cut back…
By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light on the important…
Book abstract: How have monetary policies matured during the last decade?
The recent downturn in economies worldwide have put monetary…
How many times have we heard that the nation state is passé? That borders have disappeared, that distance is dead, that the Earth is flat,…
The characteristics that distinguish most developing countries, compared to large industrialized countries, include: greater exposure to…
The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general,…
Successful public sector reform is rare in Africa. Over twelve years, Ethiopia transformed its public financial management (PFM) to…
When Greece was bailed out by a joint eurozone-IMF rescue package back in May, it was clear that the deal had bought only a temporary…
This paper summarises the findings of an evaluation of the Programme of Advancement through Health and Education (PATH), a conditional cash…
The purpose of this essay has not been to provide China with a detailed list of all of the things that the country must do to maintain a…