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There is evidence that fiscal rules, in particular well-designed rules, are associated with lower...

This paper studies the effects of public expenditure reallocations on long-run growth. To do...

This paper outlines an operational approach for incorporating the impact of asset price cycles in...

This paper takes a fresh look at the determinants of reserves holding with the aim of...

Delegating fiscal decision making power to sub-national governments has been an area ofinterest...

The rapid growth in China's domestic investment in recent decades has generated a large appetite...