Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been projected to contract by about ½ percent in 2008 and 1 percent in 2009, with risks tilted to the downside, linked to a further slowing of global growth and falling consumer...

Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...

This essay argues that the proffered grounds for Cohen's rejection of market relations – that they are sustained by the base motives of greed and fear – are unsound and also unnecessary to explain the maximising behaviour induced by those relations.

Cet article analyse un jeu simple à deux périodes dans lequel deux producteurs fabriquant un bien homogène se font concurrence pour fournir un distributeur. Les auteurs montrent que si les producteurs sont vulnérables (c’est-à-dire s’ils sont exclus du marché en cas d’une commande...

Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive...

The share of household resources devoted to children is hard to identify, because consumption is measured at the household level, and goods can be shared. Using semiparametric restrictions on individual preferences within a collective model, we identify how total household resources are divided...

This paper compares the changing strategies of women and their families during the economic transition in China and Vietnam. Employment strategies to improve the family' s well-being have resulted in increased rural-urban migration by men and young women, while middle-aged, married women remain...

This paper studies the bargaining power of the debtors versus the creditors in Europe’s Economic and Monetary Union (EMU).

This paper investigates the negotiation over bribe and tax payments during the tax collection process in poor countries. We build a simple model where tax officials and firms bargain over bribes to let firms evade part of their taxes. Using a unique dataset on Ugandan firms we test the...