information (data collection and processing) and communication (relationships and distribution). Both follow historic trends … towards an increased use of hard information and less in-person interaction, which are accelerating rapidly. We point to more …

Wurgler, 2005) to provide a good explanation for many of our findings. Some results, though, suggest that information …

investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry … information in stress tests, especially at times of financial distress. Moreover, public disclosure seems to help reduce … private incentives to generate information or to have led to distorted incentives …

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 …