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Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation ? (English)

This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. ... See More +

Policy Research Working Paper WPS8957 AUG 06, 2019

Munoz,Ercio; Olaberria,Eduardo Disclosed

Managing East Asia's macroeconomic volatility (English)

East Asia has experienced a dramatic decrease in output growth volatility over the past 20 years. This is good news, as output growth volatility affects poor households because of coping strategies that have long-term, harmful consequences, and the overall economy through its negative impact on economic growth. ... See More +

Policy Research Working Paper WPS4989 JUL 01, 2009

Olaberria, Eduardo; Rigolini, Jamele Disclosed

Natural disasters and growth - going beyond the averages (English)

There has been a steady increase in the occurrence of natural disasters. Yet their effect on economic growth remains unclear, with some studies reporting negative, and others indicating no, or even positive effects. ... See More +

Policy Research Working Paper WPS4980 JUN 01, 2009

Loayza, Norman; Olaberria, Eduardo; Rigolini, Jamele; Christiaensen, Luc Disclosed