Author/Editor: Manuk Ghazanchyan, Ricardo Marto, Jiri Jonas, Kaitlyn Douglass.

Release Date:January, 2017

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital more...

Author/Editor: Jiri Jonas.

Release Date:July, 2012

The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states more...

Author/Editor: Andrea Schaechter, C. Emre Alper, Elif Arbatli, Carlos Caceres, Giovanni Callegari, Marc Gerard, Jiri Jonas, Tidiane Kinda, Anna Shabunina, Anke Weber.

Release Date:January, 2012

This paper presents a range of tools and indicators for analyzing fiscal vulnerabilities and risks for advanced economies. The analysis covers key short-, medium- and long-term dimensions. Short-term more...

Author/Editor: Jiri Jonas.

Release Date:March, 2010

The paper discusses the challenges facing Albania's fiscal policy following the graduation from the IMF programs. It argues that Albania's public debt remains too high and needs to be reduced. more...