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Public expenditures in South Sudan : are they delivering? (English)

Budget expenditures have been on the rise in South Sudan since the Comprehensive Peace Agreement (CPA), reaching levels that are quite in excess of those of its East African neighbors. ... See More +

Brief 77429 FEB 01, 2013

Adiebo, Kimo; Bandiera, Luca; Zacchia, Paolo

Unpleasant surprises : sovereign default determinants and prospects (English)

This paper uses model averaging techniques to identify robust predictors of sovereign default episodes on a pooled database for 46 emerging economies over the period 1980-2004. ... See More +

Policy Research Working Paper WPS5401 AUG 01, 2010

Bandiera, Luca; Vincelette, Gallina A.; Cuaresma, Jesus Crespo

Kenya's quest for growth stabilization and reforms - but political stability ? (English)

Kenya has long had a reputation of being politically risky, manifested in corruption, uncertainty about policies, and the importance of political connections in doing business. ... See More +

Policy Research Working Paper WPS4685 AUG 01, 2008

Bandiera, Luca; Kumar, Praveen; Pinto, Brian

The "how to" of fiscal sustainability : a technical manual for using the fiscal sustainability tool (English)

Fiscal sustainability analysis (FSA) is an important component of macroeconomic analysis for many developing countries. To further enhance understanding of fiscal policy and the constraints faced by policymakers, the authors develop a toolkit for FSA in middle-income countries which builds on previous work in this area and on new developments in dealing with uncertainty. ... See More +

Policy Research Working Paper WPS4170 MAR 01, 2007

Klijn, Michel; Budina, Nina; van Wijnbergen, Sweder; Bandiera, Luca