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Some Misconceptions about Public Investment Efficiency and Growth

Author/Editor: Andrew Berg, Edward F. Buffie, Catherine A. Pattillo, Rafael Portillo, Andrea Presbitero, Luis-Felipe Zanna.

Release Date:December, 2015

We reconsider the macroeconomic implications of public investment efficiency, defined as
 the ratio between the actual increment to public capital and the amount spent. We show more...



Price: $18.00
From Ambition to Execution : Policies in Support of Sustainable Development Goals

Author/Editor: Stefania Fabrizio, Rodrigo Garcia-Verdu, Catherine A. Pattillo, Adrian Peralta-Alva, Andrea Presbitero, Baoping Shang, Genevieve Verdier, Marie-Therese Camilleri, Kazuaki Washimi, Lisa Kolovich, Monique Newiak, Martin Cihak, Inci Otker, Luis-Felipe Zanna, Carol L. Baker.

Release Date:September, 2015

The formal launch of the Sustainable Development Goals (SDGs) sets the global development agenda through 2030, placing significant emphasis on promoting social and environmental sustainability more...



Price: $10.00
IMF Lending and Banking Crises

Author/Editor: Luca Papi, Andrea Presbitero, Alberto Zazzaro.

Release Date:January, 2015

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the more...



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Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

Author/Editor: Andrew Berg, Enrico Berkes, Catherine A. Pattillo, Andrea Presbitero, Yorbol Yakhshilikov.

Release Date:March, 2014

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based more...



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Remittances and Vulnerability in Developing Countries

Author/Editor: Giulia Bettin, Andrea Presbitero, Nicola Spatafora.

Release Date:January, 2014

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, more...



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This Time They Are Different: Heterogeneity and Nonlinearity in the Relationship Between Debt and Growth

Author/Editor: Markus Eberhardt, Andrea Presbitero.

Release Date:December, 2013

We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the more...



Price: $18.00
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