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Program conditionality and ownership are important considerations in the IMF's current rethinking...

This paper studies a principal-agent model of the relationship between an incumbent officeholder...

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

In this paper we examine economic disparities across regions in Russia and offer a theoretical...

Several recent papers have examined the response of national saving to changes in fiscal policy....

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of...