Ms. Priscilla S Muthoora

Foreign Aid and Revenue

Still a Crowding Out Effect?

This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive dataset covering 118 countries for ...

Expenditure Rules

Effective Tools for Sound Fiscal Policy?

This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with nati...

Revenue Mobilization for a Resilient and Inclusive Recovery in the Middle East and Central Asia

Executive Summary

Domestic revenue mobilization has been a longstanding challenge for countries in the Middle East and Central Asia. Insufficient revenue has often cons...

The Determinants of Banks' Liquidity Buffers in Central America

Banks’ liquidity holdings are comfortably above legal or prudential requirements in most Central American countries. While good for financial stabil...

Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries

The Case of Cameroon

This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dyn...

Inequality in Good and Bad Times: A Cross-Country Approach

This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in developing economies. We find that r...