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A dozen countries had weak institutions in 1960 and yet sustained high rates of growth...

In 2005, the German government announced a far-reaching fiscal adjustment program. This paper...

References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in...

Emerging market financial crises during the late 1990s were marked by sudden withdrawals of funds...

Why do prices in Spain's regions fail to converge? The prime suspects for this puzzling result...

This paper reviews alternative approaches to measuring an economy's cost competitiveness and...