coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic capital market and large …

fiscal vulnerabilities and improvements in the quality of public spending. Improvements in governance and the business …

This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as …

constructing a novel dataset of the authorities' fiscal forecasts in six Latin American economies using data from annual budget … documents over the period 2000-2018. In turn, we compare such forecasts with the outturns reported in the corresponding budget … and terms of trade changes and negatively with GDP deflator surprises; (iv) forecast errors for public debt-to-GDP ratios …

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget … institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We …

There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving … transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including … incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will …

decomposed into differences in the magnitude of transfers (fiscal effort) and in the progressivity of transfers (fiscal … progressivity). Fiscal progressivity is further decomposed into differences in the distribution of transfers across income groups …