Author/Editor: Koshy Mathai, Christoph Duenwald, Anastasia Guscina, Rayah Al-Farah, Hatim Bukhari, Atif Chaudry, Moataz El-Said, Fozan Fareed, Kerstin Gerling, Nghia-Piotr Le, Franto Ricka, Cesar Serra, Tetyana Sydorenko, Sébastien Walker, Mohammed Zaher.

Release Date:September, 2020

This paper examines the role of social spending in improving socioeconomic outcomes in the Middle East and Central Asia. In particular, it addresses the following questions: (1) how large is social more...

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...

Author/Editor: Kerstin Gerling.

Release Date:November, 2017

Weather-related natural disasters and climate change pose interrelated macro-fiscal challenges. Using panel-VARX studies for a sample of 19 countries in Developing Asia during 1970 to 2015, this more...

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...

Author/Editor: Marco Arena, Serpil Bouza, Era Dabla-Norris, Kerstin Gerling, Lamin Njie.

Release Date:January, 2015

Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify, document, and compare the macro-economic dynamics of credit booms across more...

Author/Editor: Kerstin Gerling, Carlos Fernandez Valdovinos.

Release Date:March, 2011

Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major more...