 | Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing Author/Editor: Johanna Tiedemann, Veronica Piatkov, Dinar Prihardini, Juan Carlos Benitez, Aleksandra Zdzienicka. Release Date:March, 2021 Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these challenges relate to the small size and limited diversification of their economies. SDS more...
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| Political Costs of Tax-Based Consolidations Author/Editor: Chuling Chen, Era Dabla-Norris, Jay Rappaport, Aleksandra Zdzienicka. Release Date:December, 2019 This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we more...
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| The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector Author/Editor: Deniz O Igan, Hala Moussawi, Alexander F Tieman, Aleksandra Zdzienicka, Giovanni Dell'Ariccia, Paolo Mauro. Release Date:July, 2019 We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007–17 in 37 countries based on publicly available information. We use aggregate official more...
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| Tax Reforms and Fiscal Shock Smoothing Author/Editor: David Amaglobeli, Laura Jaramillo, Pooja Karnane, Aleksandra Zdzienicka. Release Date:May, 2019 This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular more...
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| Twin Deficits in Developing Economies Author/Editor: Davide Furceri, Aleksandra Zdzienicka. Release Date:July, 2018 This paper provides new evidence on the existence and magnitude of the “twin deficits” in developing economies. It finds that a one percent of GDP unanticipated increase in the government budget more...
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| The Effects of Monetary Policy Shocks on Inequality Author/Editor: Davide Furceri, Prakash Loungani, Aleksandra Zdzienicka. Release Date:December, 2016 This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market more...
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 | China Spillovers : New Evidence From Time-Varying Estimates Author/Editor: Davide Furceri, João Tovar Jalles, Aleksandra Zdzienicka. Release Date:November, 2016 Until recently, China has been the leading contributor to global economic growth and—since the recent global financial crisis—a stabilizing driver of its evolution. However, as China recently more...
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| Effects of Monetary and Macroprudential Policies on Financial Conditions : Evidence from the United States Author/Editor: Aleksandra Zdzienicka, Sally Chen, Federico Diaz Kalan, Stefan Laseen, Katsiaryna Svirydzenka. Release Date:December, 2015 The Global Financial Crisis has reopened discussions on the role of the monetary policy in
 preserving financial stability. Determining whether monetary policy affects financial
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 | Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization Author/Editor: Olivier Basdevant, Patrick A. Imam, Tidiane Kinda, Aleksandra Zdzienicka. Release Date:October, 2015 West African Economic and Monetary Union (WAEMU) countries face a well-known dilemma between the need to provide shock-smoothing mechanisms and the lack of adequate mechanisms to do so. WAEMU more...
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| The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies Author/Editor: Era Dabla-Norris, Si Guo, Vikram Haksar, Minsuk Kim, Kalpana Kochhar, Kevin Wiseman, Aleksandra Zdzienicka. Release Date:March, 2015 Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior more...
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