The empirical literature on budget cyclicality has generally focused more on assessing the degree of pro-cyclicality in federal (central government) revenues and expenditures and less on budget cyclicality...
Paraguay faces the challenge of generating greater equity. Its poverty rates have not improved between 1999 and 2007. The nature of its poverty has also changed significantly. Moderate poverty has been...
Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently...