Author/Editor: Ludger Schuknecht, Albert Jaeger.

Release Date:April, 2004

Boom and bust phases in asset prices have become a pervasive feature of macroeconomic developments in many advanced economies. This paper studies fiscal policy during boom-bust phases in asset prices more...

Author/Editor: Ludger Schuknecht, Vito Tanzi.

Release Date:December, 1995

This paper describes the growth of public spending in industrial countries over the past century. It identifies several periods: the periods between 1870 and 1913; the period between the two World more...

Author/Editor: Ludger Schuknecht, Sergio Lugaresi, Jerald Alan Schiff, Gerd Schwartz, Daniel P. Hewitt, Ke-young Chu, Benedict J. Clements, Sanjeev Gupta.

Release Date:August, 1995

Public expenditures policy, together with efforts to raise revenue, is at the core of efficient and equitable adjustment. Public expenditure productivity has critical implications for fiscal more...

Author/Editor: Ludger Schuknecht.

Release Date:October, 1994

The paper studies empirically fiscal policies around elections in 35 developing countries. It finds that governments try to improve their reelection prospects with the help of expansionary more...