On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …

attributed to a single dimension of underlying firm heterogeneity, efficiency. Conditional on entry, underlying efficiency …

This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …

This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … Added Tax [VAT]. We consider the case where the collection efficiency is determined by the probability of audit and by the … penalty on underpaying. Implementation lags imply that the present policy maker determines the efficiency of the tax system …

, on average. The results provide new objective indicators of government efficiency across countries, based on a simple and …

Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … heavily regulated. It also makes predictions, both across activities and across jurisdictions, for the efficiency of …

Why should multilateral lending exist in a world where private capital markets are well developed and governments have … their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent …