"This book examines the Brazilian political process in the period of 2003-2020: the governments led by the Workers' Party and their reformist policies, the deep political crisis that led to the impeachment of President Dilma Rousseff and the rise of Bolsonaro neofascism. The author maintains...

Some 25 years have elapsed since international financial institutions espoused a package of power sector reform measures that became known as the Washington Consensus. This package encompassed the establishment of autonomous regulatory entities, the vertical and horizontal unbundling of...

Cross-country differences in economic resilience-in an economy's ability to withstand and adjust to shocks-remain significant in the euro area. In part, the differences reflect the lack of a national nominal exchange rate as a mechanism to adjust to shocks. The IMF staff has argued that...

Many countries are experiencing persistent, weak medium-term growth and limited fiscal space. Against this background, economic policy agendas-in both advanced and developing economies-are focusing increasingly on structural reforms. While there is broad agreement on the economic benefits of...

In the last 30 years, Nepal has undergone some important policy changes, such as the end of load-shedding, road expansion in Kathmandu and the introduction of a community forestry initiative. This study investigates factors driving policy change, building on 18 policy reform case studies in...