Intro -- Contents -- I. INTRODUCTION -- II. SOME PRINCIPLES FOR ASSESSING THE DESIGN OF FISCAL CONDITIONALITY -- III. MACROECONOMIC THRESHOLDS AND PCS Inflation -- IV. OTHER ASPECTS OF QUANTITATIVE FISCAL CONDITIONALITY DESIGN -- V. CONCLUSIONS -- REFERENCES.

Intro -- Contents -- I. INTRODUCTION -- II. SCALING UP AID AND THE ROLE OF THE IMF -- III. WHY WAGE BILL CEILINGS? -- IV. WAGE BILL CONDITIONALITY IN PRACTICE -- V. DO WAGE BILL CEILINGS ACCOMMODATE DONOR-FINANCED WAGE SPENDING IN PRIORITY SECTORS? -- VI. IMPROVING WAGE BILL CONDITIONALITY --...

Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting...