This paper employs the DSGE model with rich fiscal block to examine the asymmetries in the transmission and effectiveness of the government expenditure shock across the active fiscal and passive monetary policy (AFPM) regime and the active monetary and passive fiscal policy (AMPF) regime in the...

Employing the Modern Monetary Theory (MMT), this paper examines the current Chinese fiscal system and highlights its three characteristics. First, fiscal revenues are centralized at the central government while expenditures are decentralized at the local governments; second, fiscal spending...

The domestic landscape / Michael J. Boskin -- In brief : spending / George P. Shultz -- Entitlements and the budget / John F. Cogan -- A blueprint for tax reform / Michael J. Boskin -- Transformational health care reform / Scott W. Atlas -- Reforming regulation / Michael J. Boskin -- National...

This paper discusses Morocco's Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line (PLL) Arrangement. The Ex Post Evaluation confirms that the 2012-14 PLL arrangement was consistent with the PLL qualification standards and requirements under the exceptional...