Latest Documents


  • 31-July-2018

    English

    How does finance influence labour market outcomes? A review of empirical studies

    This paper reviews empirical research on finance and labour markets.

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  • 26-July-2018

    English

    Sovereign defaults: Evidence on the importance of government effectiveness

    This paper provides robust empirical evidence that government effectiveness is a key determinant of sovereign defaults.

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  • 26-July-2018

    English

    Limits to government debt sustainability in middle-income countries

    This paper investigates the effect of structural characteristics on debt limits of middle income countries.

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  • 11-July-2018

    English

    Towards more inclusive growth in Tunisia

    The average standard of living of the Tunisians has been steadily increasing for several decades, while poverty and inequality have been greatly reduced by the implementation of many social programs.

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  • 4-July-2018

    English

    Costa Rica: Restoring fiscal sustainability and setting the basis for a more growth-friendly and inclusive fiscal policy

    Consecutive years of primary deficits have led to mounting public debt of almost 50% of GDP, one of the fastest increases in Latin America over the last decade.

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  • 4-July-2018

    English

    To shorten or to lengthen? Public debt management in the low-interest rate environment

    With still large government debt and interest payments in many OECD countries, actively adjusting debt maturity can help to minimise debt servicing costs.

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  • 12-June-2018

    English

    Firms at the productivity frontier enjoy lower effective taxation

    Slow productivity growth in advanced economies holds back income gains and therefore improvements in well-being.

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  • 31-May-2018

    English

    Sustainable finance for inclusive growth in Thailand

    Thailand’s "sufficiency economy philosophy" encourages the prioritisation of long-term sustainability over short-term benefits.

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  • 29-May-2018

    English

    Tax reform to support growth and employment in Finland

    Finland raises a large amount of taxes to finance high-quality public services and redistribute income.

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  • 25-May-2018

    English

    The deterioration of the public spending mix during the global financial crisis: Insights from new indicators

    The analysis suggests that countries with a counter-cyclical fiscal stance typically have a public spending structure that is more supportive of inclusive growth.

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