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Evidence from the Historical Records
This paper examines the impact of deflation on fiscal aggregates. With deflation relatively rare in modern history, it relies mostly on the historical...
This paper empirically investigates the relationship between uncertainty and trade. We use a gravity model for 143 countries over the 1980-2021 period...
Few papers have attempted to assess the role of “capacity,” especially in the area of macroeconomic statistics. Consequently, we make an attempt t...
Does External Efficiency Matter?
This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it focuses on the external efficie...
This paper revisits the effects of corruption on the state’s capacity to raise revenue, building on the existing empirical literature using new and ...
Lessons from International Experiences
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates t...
This paper assesses the effects of structural reforms on firm-level productivity for 37 developing countries from 2006 to 2014 period. It takes advant...
Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. ...
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