This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both developing and developed countries. Earlier studies have found contradictory results depending on the methodology used, different authors have used different estimation methods on...

This study investigates the effects of intergovernmental transfers on the development outcomes by exploiting a formula-based transfer scheme among municipalities and cities in the Philippines. The results suggest that the household disposable income per capita increases by 9.6% in the long run...

Against the backdrop of the COVID-19 pandemic, most countries implemented a partial or full lockdown as a preventive measure. Although lockdown caused an economic contraction, it unexpectedly improved the environment, especially air pollution. This paper quantifies the impact of the lockdown on...