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

A bivariate vector-autoregression (VAR) model is used to test causal relations between the...

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic,...

This paper discusses how decentralized countries can achieve sound fiscal relations between the...

This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and...

This paper investigates the medium- and long-term growth effects of the global financial crises...