Die Corona-Krise hat zu einem starken Konjunktureinbruch in Deutschland geführt. Nach einem zwischenzeitlichen konjunkturellen Aufholprozess führen der Anstieg der Fallzahlen und die damit einhergehenden erneuten Einschränkungen des öffentlichen Lebens im November wieder zu...

The countries of the Middle East and North Africa, and the Caucasus and Central Asia have the highest output volatility in the world. Fiscal policy is a powerful tool that can help dampen the business cycles. This paper analyzes the cyclical properties of fiscal policy in the region during the...

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...