This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...

We use a rapid introduction of an unconditional cash grant (child support) in South Africa to estimate the marginal propensity to consume and earn out of a permanent change in unearned income. We find that the marginal propensity to earn is about to -0.25 for single-adult households, and...

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

"Die Auseinandersetzung um die negative Einkommensteuer wird in der Bundesrepublik seit Beginn der 80er Jahre geführt und findet ihren aktuellen Niederschlag in der parteipolitischen Diskussion des Jahres 1994. So hat sich die FDP auf ihrem Parteitag 1994 für ein Bürgergeld ausgesprochen....