We conduct a cross-country empirical analysis of fiscal solvency based on dynamic stochastic general equilibrium conditions. The results show evidence of fiscal solvency, in the form of a robust positive conditional response of the primary balance to changes in public debt, in panels for...

Este artículo emplea un conjunto de datos reciente que distingue entre desigualdad neta y de mercado, y permite calcular las transferencias redistributivas anuales de un gran número de países. Las principales conclusiones son: 1. Sociedades más desiguales tienden a redistribuir más. 2. Una...

ADB FORUM ON THE USE OF CAPITAL CONTROLS

PANEL PRESENTATION

[eng] Policy advice to emerging market countries in the current crisis : what’s new ? what’s different ? why ? . IMF policy advice to EMEs in this crisis has been differed from that provided in previous EME crises. But these differences are largely driven by changed circumstances. Many EMEs...