Departing from previous studies, this paper investigates the impact of corporate board
diversity on corporate performance and executive pay within the context of Middle East and …

Page 1 IMF STAFF DISCUSSION NOTE June 28, 2012 SDN/12/08 Income Inequality and Fiscal
Policy Francesca Bastagli, David Coady, and Sanjeev Gupta INTERNATIONAL MONETARY …

Following years of fast‐rising debt levels, we show that the Covid‐19 crisis worsened an
already deteriorating fiscal position in South Africa. To restore fiscal sustainability in the …

Fiscal consolidation is required in most OECD countries. This is especially so in view of
mediumand long-term spending pressures on public finances, related, inter alia, to ageing …

We assess the fiscal composition–growth nexus, using a large country panel, accounting for
the usually encountered econometric pitfalls. Our results show that revenues have no …

Using a panel of 46 emerging market economies from 1997 to 2008, this paper investigates
the key determinants of country risk premiums as measured by sovereign bond spreads …

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking
crisis in advanced and emerging market countries during 1980-2008. It finds that timely …

Surges in public debt in many countries since the COVID-19 pandemic have rekindled
interest in fiscal consolidations, which often entail difficult policy choices in the face of …

The article discusses the incentives, economic effects and risks of the European
Neighbourhood Policy (ENP). The ENP should support growth provided that integration with …

Path-breaking research on one of the most important macroeconomic policy challenges in
the post-crisis world, presented in accessible language Written and researched by a team of …