This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment rate) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large enough shocks initiate unavoidable transitions from one regime to the other. The...

The purpose of this study has been twofold: (i) To undertake an evaluation of the 32(out of 33) budget support operations which have been conducted in Mali over 2003 to 2009 by ten Development Partners (DPs) and to provide recommendations on the management of future budget support operations in...

This evaluation assesses the European Commission’s (EC) cooperation with Ukraine over the period 2002-2009. It aims at providing an overall independent assessment of the entire EC cooperation strategy and support for the country and to provide key lessons for improving current and future EC...