Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
Latin America experienced an unprecedented wave of left-leaning governments between 1998 and 2010. This volume examines the causes of this…
Many small countries on the periphery have experimented with policies and institutions that could usefully be adopted by others.
Two…
This paper explores the possibility that governance indicators can be harmonized across three levels (within an individual ministry or…
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,…
This paper summarises the findings of an evaluation of the Programme of Advancement through Health and Education (PATH), a conditional cash…