Macroeconomics and Fiscal Management

A disruption in trade finance –as happened during the COVID19 pandemic – can drive companies out of business, resulting in job losses and further damage to the economy as employment and investment…

Arnaud Dornel, Jakob Engel, Mariem Malouche|

The sharp rise in U.S. interest rates over the past year poses a significant threat to emerging markets and developing economies (EMDEs). Its monetary tightening on financial conditions and…

Carlos Arteta, Steven B. Kamin, Franz Ulrich Ruch|

Firms play an important role in the impact of payroll taxes on their workers and different firms respond differently to payroll tax cuts. Findings suggest that governments need to consider the…

Anikó Bíró, Réka Branyiczki, Attila Lindner, Lili Márk, Daniel Prinz|

The widespread availability of free geospatial data has accelerated interest in data fusion. While village-level welfare estimates are key to the design and evaluation of anti-poverty programs,…

Melany Gualavisi, David Newhouse|

Small states were hit hard by the pandemic and face a slow recovery. Accelerating growth while building resilience to future shocks will require extensive domestic efforts supported by the global…

Patrick Kirby, Dana Vorisek, Philip Kenworthy|
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Macroeconomics and Fiscal Management