This new annual publication of the World Bank's regional vice-president or the chief economist analyzes some of the most important events occurring over the preceding 12 months. This report focuses on...
Most economists treat fiscal policy as exogenous and consider policymakers as machines to be programmed. Rarely do they seek to determine why, for instance, some countries rely on the inflation tax while...
By populism, this paper refers to an economic approach that emphasizes growth and income redistribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction...
This paper analyzes several aspects of real exchange rate behavior in developing countries. First, it provides a clarifying and comprehensive review of the different definitions of "the" real exchange...