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  • A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation (English)

    This paper develops a dynamic infinite-horizon model with two layers of governments to study theoretically and quantitatively how fiscal decentralization affects local and central government debt accumulation...

    Document Type: Policy Research Working Paper Report No.: WPS9927 Document Date: February 7, 2022 Disclosure Status: Disclosed Author: Guo,Si,Pei,Yun,Xie,Leiyu

  • Shifting Gears : Digitization and Services-Led Development (English)

    South Asia region’s economies continue on a recovery path, with production and export having recovered to pre-COVID trend levels. But the recovery has been uneven across countries and sectors, and significant...

    Document Type: Publication Report No.: 164923 Document Date: October 1, 2021 Disclosure Status: Disclosed Author: Mercer-Blackman,Valerie Anne,Xie,Leiyu,Sharma,Siddharth,Timmer,Hans,Kherous,Zoubida