What role can better quality of public finances play in supporting Europe's long-term economic growth prospects? This question was at the centre of the 2008 Eur

This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost fo

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound go

Recent research demonstrates that the quality of public institutions is crucial for a number of important environmental, social, economic, and political outcome

This project, based on the Public Expenditure and Financial Accountability (PEFA) data set, researched how PEFA can be used to shape policy development in publi