paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global … the form and size of international assistance for Moldova …

This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies … magnitude of shock smoothing increases from an average of 2 percent to 3-3 1\2 percent following the reform. The effects are … symmetric-that is, the increase in shock smoothing following a reform expanding the tax base (rate) is similar to the decline in …