 | Reforming the EU Fiscal Framework:Strengthening the Fiscal Rules and Institutions Author/Editor: Nathaniel G Arnold, Ravi Balakrishnan, Bergljot B Barkbu, Hamid R Davoodi, Andresa Lagerborg, Waikei R Lam, Paulo A Medas, Julia Otten, Louise Rabier, Christiane Roehler, Asghar Shahmoradi, Mariano Spector, Sebastian Weber, Jeromin Zettelmeyer. Release Date:September, 2022 The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt ratios that have threatened the stability of more...
| Price: $20.00
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 | Economic Growth After Debt Surges Author/Editor: João Tovar Jalles, Paulo A Medas. Release Date:July, 2022 Debt levels, both private and public, were already at record highs before the Covid-19 pandemic, and surged further in 2020. The high indebteness raises concerns whether it will undermine future more...
| Price: $20.00
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| Managing Fiscal Risks from State-Owned Enterprises Author/Editor: Anja Baum, Paulo Medas, Alberto Soler, Mouhamadou Sy. Release Date:September, 2020 Ensuring that state-owned enterprises (SOEs) are efficient and managed prudently is important for economic and social reasons. It is also crucial to contain fiscal risks and reduce the burden on more...
| Price: $18.00
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| Debt Is Not Free Author/Editor: Marialuz Moreno Badia, Paulo Medas, Pranav Gupta, Yuan Xiang. Release Date:January, 2020 With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal crises, thereby restricting the policy space in a downturn. The empirical more...
| Price: $5.00
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| Governance and State-Owned Enterprises: How Costly is Corruption? Author/Editor: Anja Baum, Clay Hackney, Paulo Medas, Mouhamadou Sy. Release Date:November, 2019 State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are more...
| Price: $18.00
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| Predicting Fiscal Crises Author/Editor: Svetlana Cerovic, Kerstin Gerling, Andrew Hodge, Paulo Medas. Release Date:August, 2018 This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and more...
| Price: $18.00
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| Fiscal Crises Author/Editor: Kerstin Gerling, Paulo A Medas, Tigran Poghosyan, Juan Farah-Yacoub, Yizhi Xu. Release Date:April, 2017 A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database more...
| Price: $18.00
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| How to Adjust to a Large Fall in Commodity Prices Release Date:September, 2016 Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in more...
| Price: $5.00
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| Macroeconomic Stability in Resource-Rich Countries : The Role of Fiscal Policy Author/Editor: Elva Bova, Paulo A. Medas, Tigran Poghosyan. Release Date:February, 2016 Resource-rich countries face large and persistent shocks, especially coming from volatile
 commodity prices. Given the severity of the shocks, it would be expected that these more...
| Price: $18.00
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 | Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area Author/Editor: Jörg Decressin, Raphael A. Espinoza, Ioannis Halikias, Michael Kumhof, Daniel Leigh, Prakash Loungani, Paulo A. Medas, Susanna Mursula, Antonio Spilimbergo, TengTeng Xu. Release Date:November, 2015 The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive more...
| Price: $10.00
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