Contents: Part I A modern take on structural reforms -- 1. Past and future reform challenges for CESEE and Europe at large / Ewald Nowotny, Doris Ritzberger-Grünwald and Helene Schuberth -- 2. Revisiting transition reform / Sergei Guriev -- 3. Europe's moments of truth - wicked crises, good and...

In the past four to five decades, inflation has fallen around the world, with median annual global consumer price inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid-1980s and in emerging market and developing economies...

Products must fulfill predetermined rules of origin to be exported under the preferential access granted by a free trade area member. In turn, rules of cumulation establish which countries' inputs qualify when computing the extent of origin of a product. Recent literature shows that restrictive...

This paper shows that the increased policy-selectivity of aid allocations observed in recent years provides recipient countries an incentive to improve policies. The paper estimates that a change in the World Banks Country Policy and Institutional Assessment policy index from 1.5 to 2 for a...