This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, large infrastructure projects, PPPs, and pension funds. In addition, weaknesses in the...

This paper surveys developments in the positive and normative analysis of stabilisation policies over the past fifteen years as well as their influence on the actual conduct of policies. It is found that, from an analytical perspective, there is now a well-founded case for prudent stabilisation...

While Canada's economic record over the past decade or so is enviable, GDP per capita remains distinctly below US levels, reflecting a sizeable productivity gap. Among the impediments to faster growth are the taxation of capital and restrictive regulations in certain sectors. Canada's experience...