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Unanticipated changes in commodity prices can generate significant movements in fiscal...

Conventional wisdom has held that a fixed exchange rate regime induces more fiscal discipline,...

Structural indicators of a country's fiscal position are regularly used as estimates of both...

Under what conditions are budget institutions likely to be strengthened? We find that fiscal...

This report discusses fiscal policies to prepare for the next downturn and foster long-term...

Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a...