Author/Editor: James McHugh, Iva Petrova, Emanuele Baldacci.

Release Date:April, 2011

This paper proposes a set of fiscal indicators to assess rollover risks using the conceptual framework developed by Cottarelli (2011). These indicators provide early warning signals about the more...

Author/Editor: Christian H Beddies, Enrique Gelbard, James McHugh, Laure Redifer, Garbis Iradian.

Release Date:November, 2005

Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. more...

Author/Editor: Antonis Adam, James McHugh, Theodora Kosma.

Release Date:December, 2003

This paper explores the effectiveness of the Central European Free Trade Area (CEFTA) and the Baltic Free Trade Area (BFTA). Estimates from a gravity model and bilateral trade data support the view more...

Author/Editor: James McHugh, Theodora Kosma, Dimitri G Demekas.

Release Date:November, 2002

Post conflict aid is different from conventional development aid and has different effects on the recipient economy. The paper builds a theoretical model tailored around the main stylized facts of more...

Author/Editor: James McHugh.

Release Date:August, 2002

This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the more...