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A Modern History of Fiscal Prudence and Profligacy

Author/Editor: Paolo Mauro, Rafael Romeu, Ariel J Binder, Asad Zaman.

Release Date:January, 2013

We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of more...



Price: $18.00
Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely

Author/Editor: Carlo Cottarelli, Paolo Mauro, Lorenzo Forni, Jan Gottschalk.

Release Date:September, 2010

This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on more...



Price: $0.00
Rethinking Macroeconomic Policy

Author/Editor: Olivier J. Blanchard, Giovanni Dell'Ariccia, Paolo Mauro.

Release Date:February, 2010

The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this more...



Price: $10.00
The State of Public Finances: A Cross-Country Fiscal Monitor : A Cross-Country Fiscal Monitor

Author/Editor: Paolo Mauro, Mark A. Horton, Manmohan S. Kumar.

Release Date:July, 2009



Price: $10.00
Fiscal Risks

Author/Editor: Lusine Lusinyan, Aliona Cebotari, Ricardo Velloso, Jeffrey M. Davis, Amine Mati, Murray Petrie, Paolo Mauro.

Release Date:January, 2009

This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries' fiscal and more...



Price: $20.00
Reaping the Benefits of Financial Globalization

Author/Editor: Giovanni Dell'Ariccia, Paolo Mauro, Andre Faria, Jonathan David Ostry, Julian Di Giovanni, Martin Schindler, Ayhan Kose, Marco Terrones.

Release Date:December, 2008

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate more...



Price: $33.00
Pooling Risk Among Countries

Author/Editor: Jean Imbs, Paolo Mauro.

Release Date:June, 2007

In this paper, we identify the groups of countries where international risk-sharing opportunities are most attractive. We show that the bulk of risk-sharing gains can be achieved in groups consisting more...



Price: $18.00
Country Insurance: The Role of Domestic Policies : The Role of Domestic Policies

Release Date:April, 2007

This paper focuses on what countries can do on their own—that is, on the role of domestic policies—with respect to country insurance. Member countries are routinely faced with a range of shocks that more...



Price: $15.00
Do Some Forms of Financial Flows Help Protect From Sudden Stops?

Author/Editor: Paolo Mauro, Andrei A Levchenko.

Release Date:September, 2006

There is a debate on whether some forms of financial flows offer better crisis protection than others. Using a large panel of advanced, emerging, and developing countries during 1970-2003, this paper more...



Price: $18.00
The External Financing of Emerging Market Countries : Evidence from Two Waves of Financial Globalization

Author/Editor: Aleksandar Zaklan, Paolo Mauro, MartĂ­n Minnoni, Andre Faria.

Release Date:September, 2006

We trace the history of where and why investors from the most advanced countries directed funds, ultimately helping finance economic development in emerging market countries. To do this, we analyze more...



Price: $18.00
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