sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current … imbalances are present, and less when recessions are synchronized across countries. During severe natural disasters or epidemics …

relationship between NPL problems-elevated and unresolved NPLs-and the severity of post-crisis recessions. A machine learning …

budget process. This paper takes stock of GB practices in G20 countries and benchmarks country performance using a GB index … frameworks and budget preparation tools than with budget execution, monitoring and auditing. Too few countries assess the upfront …

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 … are negatively associated with surprises to GDP growth; (v) lastly, budget balance rules seem to help contain the size of …

short of their intertemporal budget constraint. A decomposition of the evolution of INFW shows that short-term fluctuations …