This paper analyzes, in a public finance context, how the optimal use of the inflation and the consumption tax is affected by incorporating into the model constraints on policy decisions that are likely to develop in the context of the EMS by 1992. Two main questions are addressed: first, how...

This paper tests a version of Barro’s tax-smoothing model, which assumes intertemporal optimization by a government seeking to minimize the distortionary costs of taxation, using Pakistan and Sri Lankan data for 1956-95 and 1964-97, respectively. The empirical results indicate that...

Niger understands the need to adopt a long-term strategy capable of optimizing natural and human resources to promote sustainable economic and social development and inclusive growth. The government has renewed planning efforts in the preparation of three principal strategic documents. These...

Le present article examine dans quelle mesure des emplois sont simultanement crees et perdus dans le secteur des services. Cette reaffectation des emplois tend a etre plus marquee dans les branches d'activite axees sur le savoir et sur l'information, comme le secteur des services aux...

The Southern African Customs Union (SACU), the oldest customs union in the world, comprises Botswana, Lesotho, Namibia, Swaziland (known as the BLNS countries), and South Africa. This Selected Issues paper analyzes how policy has responded to the positive SACU revenue shock. It discusses the...