Adequate fiscal flexibility is a prerequisite for meeting the post-2015 development challenges. This paper proposes a composite fiscal flexibility index. Based on several important fiscal parameters, the index will identify countries in the Asia and Pacific region that are well-poised to meet...

Adequate fiscal flexibility is a prerequisite for meeting the post-2015 development challenges. This paper proposes a composite fiscal flexibility index. Based on several important fiscal parameters, the index will identify countries in the Asia and Pacific region that are well-poised to meet...

This paper reviews some of the more critical policy dilemmas facing the Reserve Bank of India (RBI) in its pursuit of inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid-2000s with the advent of large capital flows into...

This paper reviews some of the more critical policy dilemmas facing the Reserve Bank of India (RBI) in its pursuit of inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid-2000s with the advent of large capital flows into...

This paper argues that the greater the liberalization of imports in a Sub-Saharan African country, the more significant is the decline in its rate of growth due to the recession in high income economies during the late eighties and early nineties. This could be explained by the fact that when...

This paper reviews some of the more critical policy dilemmas facing the Reserve Bank of India (RBI) in its pursuit of inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid-2000s with the advent of large capital flows into...

This paper reviews some of the more critical policy dilemmas facing the Reserve Bank of India (RBI) in its pursuit of inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid-2000s with the advent of large capital flows into...