This Selected Issues paper suggests that while the government should continue to work on clearly defining its fiscal policy objectives, at this stage the focus of reforms should be to continue to ...

Uncertainty around the real-time output gap has important implications for fiscal policy. This study uses successive vintages of the World Economic Outlook for emerging markets (EMs) during 1998-2022 ...

Fiscal policy is the legislative actions a government makes to regulate its economy to attain growth and alleviate poverty, usually through spending and taxation. Much of the theory around fiscal ...