This study explores public finance policies in the transition countries of Europe and Central Asia (ECA) and their likely effects on economic growth. The analysis is organized in three parts. Part one reviews public finance systems across the ECA region with regard to overall size, structure of...

This report consists of two volumes. Volume I examines whether, and how, the core goals of public expenditure management, i.e., balanced fiscal aggregates, resource allocations to strategic sectors, and equity and microeconomic efficiency of public spending are met in Ecuador. Volume II presents...

All fiscal stimulus measures must ultimately be financed, and thus their effects critically depend on the expectations of how they are to be financed. This paper examines the importance of tax rules in determining the size of the government spending multiplier by estimating and simulating a New...