Green Fiscal Rules? Challenges and Policy Alternatives prepared by Francesca Caselli, Andresa Lagerborg, Paulo Medas published by IMF (6/2024). This paper studies the impact of green fiscal rules – designed to protect climate-related spending – on debt dynamics. Simulations…
A New Fiscal Framework for Resource-Rich Countries by Luc Eyraud, William Gbohoui and Paulo Medas published by IMF (11/2023). This paper revisits the debate on the design of fiscal rules in resource-rich countries. Its main objective is to assess…
Fiscal Policy Can Promote Economic Stability and Address Risks to Public Finances by Francesca Caselli, Vitor Gaspar, Gee Hee Hong, Paulo Medas published by IMF (4/2023). “Following exceptional pandemic support, governments should foster disinflation and financial stability while protecting the most vulnerable and…
The Return to Fiscal Rules prepared by Francesca Caselli, Hamid Davoodi, Carlos Goncalves, Gee Hee Hong, Andresa Lagerborg, Paulo Medas, Anh Dinh Minh Nguyen, and Jiae Yoo published by IMF (10/2022). Governments face difficult policy trade-offs with record debt…
Fiscal Policy for an Uncertain World by Vitor Gaspar, Sandra Lizarazo, Paulo Medas, and Roberto Piazza published by IMF (10/ 2021) “As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances. Vaccination has saved lives…
Fiscal Rules and Fiscal Councils Recent Trends and Performance during the COVID-19 Pandemic by Hamid R. Davoodi, Paul Elger, Alexandra Fotiou, Daniel Garcia-Macia, Xuehui Han, Andresa Lagerborg, W. Raphael Lam, and Paulo Medas published by IMF (1/2022). Adoption offiscal…
Fiscal Policy for an Unprecedented Crisis by Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture published by IMF (10/2020). “The COVID-19 crisis has devastated people’s lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12…
Strengthening Fiscal Responsibility at the Subnational Level by Paulo Medas, Roberto Perrelli, and Fernando González published by IMF (9/2020). “The fiscal challenges of Brazil’s states and municipalities can have a significant impact on the economy and the provision of core…
Debt is not free by Marialuz Moreno Badia, Paulo Medas, Pranav Gupta and Yuan Xiang published by IMF (01/2020).
Tachling corruption in government by Vitor Gaspar, Paolo Mauro and Paulo Medas published by IMF (4/2019). “No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makers public…
