“...We examine the effects of aid on growth in cross-sectional and panel data--after correcting for the possible bias that poorer (or stronger) growth may draw aid...”

“...The dynamics of a linear (or linearized) dynamic stochastic economic model can be expressed in terms of matrices (A, B, C, D) that define a state space system...”

“...Balanced budget requirements (BBRs) affect all aspects of financial operations.Previous studies relied on characterizations that highlight a...”

“...Spending that exhausts a budget is shown to decrease satisfaction with purchased products relative to spending when resources remain in the budget. Six...”

“...The mechanism design literature assumes too much common knowledge of the environment among the players and planner. We relax this assumption by studying...”

“...Economic theory suggests that it is optimal for governments to use precautionary saving as a countercyclical tool.However, the availability of surplus funds...”

“...Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro, members have postponed...”

“...We investigate the feasibility of implementing an allocation rule with a gradual-revelation mechanism in which agents reveal their private information over...”

“...Revisions of budget balances in Europe could be particularly worrisome as adherence to multilateral surveillance rules is judged upon initial data releases. We...”