🍂 Autumn reading time! Let our AI Librarian find your perfect cozy read 🫖
Explore the literary world of this author
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, inclu...
This paper presents a new dataset of fiscal consolidation for 17 OECD economies during 1978-2009. We focus on discretionary changes in taxes and gover...
Analytical work on Indonesian macroeconomic and financial issues, with an overarching theme on building institutions and policies for prosperity and i...
This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 emerging market economies during 2000-...
Selected Issues
This Selected Issues paper examines the interaction between real and financial cycles in the Philippines and their relationship to the global financia...
After many years of rapid expansion, China’s growth is slowing to more sustainable levels and is rebalancing, with consumption becoming the main gro...
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was p...
Anytime, Anywhere
Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed databa...
A New Hope or Back to the Future?
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1...
Migration Flows and Their Impact on Latin America and the Caribbean
As a new migration crisis is unfolding in Europe because of the war in Ukraine, the purpose of this paper is to also highlight the ongoing migration c...
Macroeconomic Insurance Through Pension Reform in Cyprus
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower i...
A standard DSGE small open economy model can not generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoo...
This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension benefits in a pay-as-you-go sys...
Empirical evidence for small developed economies finds that consumption is procyclical and as volatile as output, and real net exports are coutercycli...