 | SDG Financing Options in Rwanda: A Post-Pandemic Assessment Author/Editor: Victor Duarte Lledo, Roberto Perrelli. Release Date:April, 2021 This paper uses a novel macroeconomic framework to identify policy and financing options to help Rwanda achieve its sustainable development goals (SDGs). Under current policies, Rwanda would meet its more...
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 | The Great Divide: Regional Inequality and Fiscal Policy Author/Editor: William Gbohoui, W Raphael Lam, Victor Duarte Lledo. Release Date:May, 2019 Growing regional inequality within countries has raised the perception that “some places and people” are left behind. This has prompted a shift toward inward-looking policies and away from more...
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 | Independent Fiscal Councils: Recent Trends and Performance Author/Editor: Roel M W J Beetsma, Xavier Debrun, Xiangming Fang, Young Kim, Victor Duarte Lledo, Samba Mbaye, Xiaoxiao Zhang. Release Date:March, 2018 Countries increasingly rely on independent fiscal councils to constrain policymakers’ discretion and
curb the bias towards excessive deficits and pro-cyclical policies. Since fiscal councils more...
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 | How to Select Fiscal Rules : A Primer Author/Editor: Victor Duarte Lledo, Paolo Dudine, Luc Eyraud, Adrian Peralta-Alva. Release Date:March, 2018 This note provides guidance on how to select fiscal rules in a wide range of economies, including advanced, emerging market, and developing economies. The principles and methods discussed are more...
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 | On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions Author/Editor: Mar Delgado-Téllez, Victor Duarte Lledo, Javier J Pérez. Release Date:January, 2017 This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance
with fiscal deficit targets on the basis of economic, institutional, and political factors. more...
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 | Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe Author/Editor: Ananya Kotia, Victor Duarte Lledo. Release Date:April, 2016 This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the more...
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.jpg) | Mozambique Rising : Building a New Tomorrow Author/Editor: Doris C Ross, Victor Duarte Lledo, Alex Segura-Ubiergo, Yuan Xiao, Iyabo Masha, Alun H Thomas, Keiichiro Inui. Release Date:May, 2014 This publication highlights Mozambique’s remarkably strong growth over the two decades since the end of the civil war in 1992, as well as the major challenges that remain for the country to rise more...
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 | Fiscal Policy Implementation in Sub-Saharan Africa Author/Editor: Victor Duarte Lledo, Marcos Poplawski-Ribeiro. Release Date:July, 2011 This paper investigates economic, political, and institutional constraints to fiscal policy implementation in sub-saharan Africa. We find that planned fiscal adjustments or expansions are less likely more...
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 | Budget Institutions and Fiscal Performance in Low-Income Countries Author/Editor: Sophia Gollwitzer, Eteri Kvintradze, Tej Prakash, Luis-Felipe Zanna, Era Dabla-Norris, Richard Allen, Irene Yackovlev, Victor Duarte Lledo. Release Date:March, 2010 This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of more...
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 | Cyclical Patterns of Government Expenditures in Sub-Saharan Africa : Facts and Factors Author/Editor: Irene Yackovlev, Victor Duarte Lledo, Lucie Gadenne. Release Date:December, 2009 This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds more...
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