The Czech government is confronted with a worsening fiscal situation. The structural deficit ballooned in 2000, and it is expected to widen further in 2001. The report suggests that, at this stage of the recovery, fiscal retrenchment instead should be in order, both to make room for private...

This book is organized as follows: Introduction; by William Easterly and Luis Serven Latin America's Infrastructure in The Era of Macroeconomic Crises; by Cesar Calderon, William Easterly, and Luis Serven The Output Cost of Latin America's Infrastructure Gap; by Cesar Calderon and Luis Serven...

Intergovernmental reforms in the Russian Federation: one step forward, two steps back? Is a critical analysis of Russia's intergovernmental reform program which began in the early 1990s. It assesses the effects of a broad range of reforms adopted over two tumultuous decades during which the...