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Recent Papers

Assessing the Impact of New IMF Guidance on Resilience and Sustainability Facility Programs” (Victoria Diamond) CGD Note, March 15, 2024

“Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies” (with Benedict Clements, Joao Jalles and Bernat Camps Adrogué) CGD Working Paper 660, October 2023

Settling the Climate Debt” (with Benedict Clements and Jianhong Liu) CGD Note.

“Public Spending and Inclusive Growth in Developing Asia” CGD working paper 653, August 2023

“IMF Lending Under the Resilience and Sustainability Trust: An Initial Assessment” CGD Policy Paper, March 2023 (with Hannah Brown)

“Why Do Governments Cut Their Deficits? Lessons for High-Debt Countries in a Post-Pandemic World” CGD Working Paper 625, October 2022 (with Benedict Clements, Joao Jalles, and Victor Mynolas)

“Assessment of Expenditure Choices by Low- and Low- Middle-Income Countries During the Pandemic and Their Impact on SDGs”, CGD Policy Paper 262, June 06, 2022 (with Lucas Salas).

“Fiscal Policy for Inclusive Growth in Asia”, CGD Working Paper”, CGD Working Paper 611, April 7, 2022 (with Benedict Clements and João Tovar Jalles).

“Priorities for Strengthening Key Revenue Sources in Asia”, CGD Working Paper 612, April 7, 2022 (with João Tovar Jalles).

“Who’s Responsible for Climate Change? New Evidence Based on Country-Level Estimates of Climate Debt”, CGD Policy Paper 242, November 2021 ( with Benedict Clements and Jianhong Liu)

“Fiscal Adjustment and Growth in IMF-Supported Programs”, Background paper for the IMF evaluation on Growth and Adjustment in IMF Programs, No BP/21-01/03.

“An Application of Distribution-Neutral Fiscal Policy” IMF Working Paper WP/18/12 (with Sugata Marjit and Sandip Sarkar).

“Corruption, Taxes and Compliance” IMF Working Paper WP/17/255 (with Anja Baum , Elijah Kimani , and Sampawende J Tapsoba).

“Governments and Promised Fiscal Consolidations: Do They Mean What They Say?” IMF Working Paper WP/17/39 (with Carlos Mulas-Granados, Joao Tovar Jalles, and Michela Schena).

“Fragmented Politics and Public Debt,” IMF Working Paper WP/16/190 (with Ernesto Crivelli, Carlos Mulas-Granados, and Carolina Correa-Caro).

“Does Conditionality Mitigate the Potential Negative Effect of Aid on Revenues?” IMF Working Paper WP/16/142 (with Ernesto Crivelli).

“The Fiscal Consequences of Shrinking Populations” With Benedict Clements, Kamil Dybczak, Vitor Gaspar, and Mauricio Soto, IMF Staff Discussion Note, SDN/15/21.

“The Quest for the Holy Grail: Efficient and Equitable Fiscal Consolidation in India” IMF Working Paper WP/15/152 (with Chadi Abdallah, David Coady, and Emine Hanedar).

“Does conditionality in IMF-supported programs promote revenue reform?” IMF Working Paper WP/14/206 (with Ernesto Crivelli)

“Budget Institutions in Low-Income Countries: Lessons from G-20” IMF Working Paper WP/14/164 (with Sami Ylaoutinen)

“Direct Distribution of Resource Revenues: Worth Considering?” With Alex Segura and Enrique Flores, IMF Staff Discussion Note, SDN/14/05

“Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries” By Ernesto Crivelli ; Sanjeev Gupta Working Paper No. 14/5 Publication Date: January 14, 2014

“Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies”, IMF Working Paper, WP/13/238

“Foreign Aid and Revenue: Still a Crowding Out Effect?” IMF WP/12/186 (Dora Benedek, Ernesto Crivelli and Priscilla Muthoora)

“Income Equality and Fiscal Policy” IMF Staff Discussion Note, SDN/12/08, June 28, 2012 (with Francesca Bastagli and David Coady

“What Happens to Social Spending in IMF-Supported Program?,” IMF Staff Discussion Note, SDN/11/15 (with Benedict Clements and Masahiro Nozaki)

“Efficiency-Adjusted Public Capital and Growth,” IMF Working Paper, WP/11/217 (with Alvar Kangur, Chris Papageorgiou, and Abdoul Wane)