This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude...

What explains Uzbekistan’s unusually mild “transformational recession” and its moderate recovery during 1996-97? We examine potential biases in output measurement, the role of “special factors”—including initial production structure, natural resources, and public investment...

A decade into the transition, many successor states of the Former Soviet Union (FSU) continue to use pervasive energy sector quasi-fiscal activities, especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies to households and...

A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment arrears, to provide large implicit and untargeted subsidies. These activities...

Considering the need to broaden the tax base and to increase tax revenue in an efficient, equitable, and cost-effective manner, this paper analyzes presumptive taxation methods and their application in sub-Saharan Africa. Presumptive taxation involves simple techniques to capture income that...

This paper analyses the impact of the global financial crisis on Brazil, India and South Africa whose financial markets have shown strong resilience to the global financial turmoil. The paper shows, that in contrast to advanced countries in these emerging market economies there is contagion from...

The study compares the Swiss and the resident foreign population in Switzerland with respect to their qualitative composition. On the basis of the Consumer Survey 1990 by the Swiss Statistical Office, different structural features of the surveyed Swiss and foreign households are analysed. A...

The study deals with the distributional effects of immigration into Switzerland. Focusing on the governmental budget, it explores empirically whether resident foreigners are a burden or a benefit for the Swiss public transfer system. The estimation is based on the Consumer Survey 1990 by the...

The paper deals with the distributional effects of immigration into Switzerland. Focusing on the government budget, it explores empirically whether resident foreigners are a burden or a benefit to the Swiss public transfer system. The estimation is based on the 1990 Consumer Survey by the Swiss...