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Your search found 27 documents

Lost and Found : Market Access and Public Debt Dynamics

Author/Editor: Carlo Cottarelli, Andrea Presbitero, Antonio Bassanetti.

Release Date:December, 2016

The empirical literature on sovereign debt crises identifies the level of public debt (measured as a share of GDP) as a key variable to predict debt defaults and to determine sovereign market access. more...

Price: $18.00
The Role of Fiscal Transfers in Smoothing Regional Shocks : Evidence from Existing Federations

Author/Editor: Tigran Poghosyan, Abdelhak S Senhadji, Carlo Cottarelli.

Release Date:July, 2016

We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic more...

Price: $18.00
Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies

Author/Editor: Carlo Cottarelli, Laura Jaramillo.

Release Date:May, 2012

Implementation of fiscal consolidation by advanced economies in coming years needs to take into account the short and long-run interactions between economic growth and fiscal policy. Many countries 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
Long-Term Trends in Public Finances in the G-7 Economies

Author/Editor: Andrea Schaechter, Carlo Cottarelli.

Release Date:September, 2010

Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in more...

Price: $0.00
Automatic Stabilizers and the Size of Government: Correcting a Common Misunderstanding

Author/Editor: Carlo Cottarelli, Annalisa Fedelino.

Release Date:July, 2010

The size of government is a commonly used variable in many analytical studies on the effects of fiscal policy. An accepted practice is to measure it as the ratio of government spending to GDP. more...

Price: $18.00
A Strategy for Renormalizing Fiscal and Monetary Policies in Advanced Economies

Author/Editor: Carlo Cottarelli, José Vinãls.

Release Date:September, 2009

In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, more...

Price: $10.00
Fiscal Policy for the Crisis

Author/Editor: Antonio Spilimbergo, Steven A. Symansky, Carlo Cottarelli, Olivier J. Blanchard.

Release Date:January, 2009

The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures more...

Price: $10.00
Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies

Author/Editor: Charalambos G Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish R Ghosh.

Release Date:September, 2008

Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide more...

Price: $37.50
Efficiency and Legitimacy : Trade-Offs in IMF Governance

Author/Editor: Carlo Cottarelli.

Release Date:June, 2005

Designing appropriate governance structures for an international financial institution such as the IMF is difficult, because steps to enhance the legitimacy of such an institution through constraints more...

Price: $15.00