Details about Paolo Mauro

Workplace:

International Finance Corporation (IFC), World Bank Group, (more information at EDIRC)

Access statistics for papers by Paolo Mauro.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pma337

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Working Papers

2023

1. Fiscal Anatomy of Two Crises and an Interlude
   IMF Working Papers, International Monetary Fund

2022

2. Crypto, Corruption, and Capital Controls: Cross-Country Correlations
   IMF Working Papers, International Monetary Fund View citations (6)
3. The State as Financier of Last Resort
   IMF Staff Discussion Notes, International Monetary Fund

2021

4. Pandemic and Progressivity
   IMF Working Papers, International Monetary Fund View citations (6)
   See also Journal Article Pandemic and progressivity, International Tax and Public Finance, Springer (2022) View citations (4) (2022)
5. The State and Your Hard-Earned Money: A Survey on Moral Perspectives in Public Finance
   IMF Working Papers, International Monetary Fund View citations (1)

2020

6. r minus g negative: Can We Sleep More Soundly?
   IMF Working Papers, International Monetary Fund View citations (11)

2019

7. The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector
   IMF Working Papers, International Monetary Fund View citations (6)

2017

8. Lessons from the Old Masters on Assessing Equity and Efficiency: A Primer for Fiscal Policymakers
   IMF Working Papers, International Monetary Fund View citations (1)

2016

9. Reducing Government Debt Ratios in an Era of Low Growth
   Policy Briefs, Peterson Institute for International Economics View citations (12)
10. The Case for Growth-Indexed Bonds in Advanced Economies Today
    Policy Briefs, Peterson Institute for International Economics View citations (26)

2015

11. Fiscal Tightening and Economic Growth: Exploring Cross-Country Correlations
    Policy Briefs, Peterson Institute for International Economics View citations (6)
12. Monitoring and Managing Fiscal Risks in the East African Community
    IMF Departmental Papers / Policy Papers, International Monetary Fund View citations (1)
13. Pooling risk among countries
    PSE-Ecole d'économie de Paris (Postprint), HAL View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (17)
    IMF Working Papers, International Monetary Fund (2007) View citations (17)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (12)
    Post-Print, HAL (2015) View citations (11)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2015) View citations (12)
    See also Journal Article Pooling risk among countries, Journal of International Economics, Elsevier (2015) View citations (15) (2015)
14. The Future of Worldwide Income Distribution
    LIS Working papers, LIS Cross-National Data Center in Luxembourg View citations (16)
    Also in Working Paper Series, Peterson Institute for International Economics (2015) View citations (16)
15. World on the Move: The Changing Global Income Distribution and Its Implications for Consumption Patterns and Public Policies
    Policy Briefs, Peterson Institute for International Economics

2014

16. Growth: Now and Forever?
    IMF Working Papers, International Monetary Fund View citations (13)
    See also Journal Article Growth—Now and Forever?, IMF Economic Review, Palgrave Macmillan (2016) View citations (9) (2016)
17. How Solid Is Economic Growth in the East African Community?
    IMF Working Papers, International Monetary Fund View citations (2)
18. Rapid Growth in Emerging Markets and Developing Economies: Now and Forever?
    Policy Briefs, Peterson Institute for International Economics View citations (1)

2013

19. A Modern History of Fiscal Prudence and Profligacy
    IMF Working Papers, International Monetary Fund View citations (91)
    See also Journal Article A modern history of fiscal prudence and profligacy, Journal of Monetary Economics, Elsevier (2015) View citations (148) (2015)
20. Rethinking Macro Policy II: Getting Granular
    IMF Staff Discussion Notes, International Monetary Fund View citations (33)

2010

21. Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely
    IMF Staff Position Notes, International Monetary Fund View citations (3)
22. Fiscal Policy and the Current Account
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    See also Journal Article Fiscal Policy and the Current Account, IMF Economic Review, Palgrave Macmillan (2011) View citations (60) (2011)
23. Rethinking Macroeconomic Policy
    IMF Staff Position Notes, International Monetary Fund View citations (293)
    See also Journal Article Rethinking Macroeconomic Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (614) (2010)

2009

24. Fiscal Risks: Sources, Disclosure, and Management
    IMF Departmental Papers / Policy Papers, International Monetary Fund View citations (23)
25. The State of Public Finances: A Cross-Country Fiscal Monitor
    IMF Staff Position Notes, International Monetary Fund View citations (16)

2008

26. Reaping the Benefits of Financial Globalization
    IMF Occasional Papers, International Monetary Fund View citations (40)

2007

27. Country Insurance: The Role of Domestic Policies
    IMF Occasional Papers, International Monetary Fund View citations (19)
28. The Shifting Composition of External Liabilities
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (47)
    See also Journal Article The Shifting Composition of External Liabilities, Journal of the European Economic Association, MIT Press (2007) View citations (53) (2007)

2006

29. Bloodshed or Reforms? The Determinants of Sovereign Bond Spreads in 1870-1913 and Today
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
30. Do Some Forms of Financial Flows Help Protect From Sudden Stops?
    IMF Working Papers, International Monetary Fund View citations (68)
31. Output Drops and the Shocks That Matter
    IMF Working Papers, International Monetary Fund View citations (80)
32. The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization
    IMF Working Papers, International Monetary Fund View citations (13)
33. Vanishing Contagion?
    IMF Policy Discussion Papers, International Monetary Fund

2005

34. Pricing Growth-Indexed Bonds
    IMF Working Papers, International Monetary Fund View citations (12)
    See also Journal Article Pricing growth-indexed bonds, Journal of Banking & Finance, Elsevier (2006) View citations (15) (2006)
35. Sovereign Debt Structure for Crisis Prevention
    IMF Occasional Papers, International Monetary Fund View citations (24)

2004

36. Institutions and the External Capital Structure of Countries
    IMF Working Papers, International Monetary Fund View citations (53)
    See also Journal Article Institutions and the external capital structure of countries, Journal of International Money and Finance, Elsevier (2009) View citations (70) (2009)

2003

37. The Corporation of Foreign Bondholders
    IMF Working Papers, International Monetary Fund View citations (23)

2002

38. An Evaluation of Monetary Regime Options for Latin America
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (45)
    Also in IMF Working Papers, International Monetary Fund (2002) View citations (48)
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) (2002) View citations (45)
    See also Journal Article An evaluation of monetary regime options for Latin America, The North American Journal of Economics and Finance, Elsevier (2002) View citations (46) (2002)
39. Long-Run Determinants of Exchange Rate Regimes: A Simple Sensitivity Analysis
    IMF Working Papers, International Monetary Fund View citations (105)
40. Reviving the Case for GDP-Indexed Bonds
    IMF Policy Discussion Papers, International Monetary Fund View citations (41)
41. The Persistence of Corruption and Slow Economic Growth
    IMF Working Papers, International Monetary Fund View citations (29)
    See also Journal Article The Persistence of Corruption and Slow Economic Growth, IMF Staff Papers, Palgrave Macmillan (2004) View citations (104) (2004)

2001

42. Emerging Market Spreads: Then Versus Now
    OFRC Working Papers Series, Oxford Financial Research Centre View citations (4)
    Also in IMF Working Papers, International Monetary Fund (2000) View citations (15)
    Economics Series Working Papers, University of Oxford, Department of Economics (2000) View citations (11)
    See also Journal Article Emerging Market Spreads: Then versus Now, The Quarterly Journal of Economics, President and Fellows of Harvard College (2002) View citations (159) (2002)
43. Macroeconomic Policies and Poverty Reduction: Stylized Facts and an Overview of Research
    IMF Working Papers, International Monetary Fund View citations (19)
44. Physical Capital Adjustment within Spain: Long-Run and Short-Run Analysis
    IMF Working Papers, International Monetary Fund

2000

45. Capital Flight from Russia
    IMF Policy Discussion Papers, International Monetary Fund View citations (29)
    See also Journal Article Capital Flight from Russia, The World Economy, Wiley Blackwell (2001) View citations (14) (2001)
46. Exchange Rate Regimes in an Increasingly Integrated World Economy
    IMF Occasional Papers, International Monetary Fund View citations (133)
47. Job Creation: Why Some Countries Do Better
    IMF Economic Issues, International Monetary Fund View citations (5)
48. On Regional Monetary Arrangements For ASEAN
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (86)
    See also Journal Article On Regional Monetary Arrangements for ASEAN, Journal of the Japanese and International Economies, Elsevier (2000) View citations (82) (2000)
49. Stock Returns and Output Growth in Emerging and Advanced Economies
    IMF Working Papers, International Monetary Fund View citations (33)
    See also Journal Article Stock returns and output growth in emerging and advanced economies, Journal of Development Economics, Elsevier (2003) View citations (63) (2003)
50. The Role of Human Capital in Economic Growth: The Case of Spain
    IMF Working Papers, International Monetary Fund View citations (10)

1999

51. Deconstructing Job Creation
    IMF Working Papers, International Monetary Fund View citations (27)
52. Perspectives on Regional Unemployment in Europe
    IMF Occasional Papers, International Monetary Fund View citations (22)
53. The Suitability of ASEAN for a Regional Currency Arrangement
    IMF Working Papers, International Monetary Fund View citations (35)
    See also Journal Article The Suitability of ASEAN for a Regional Currency Arrangement, The World Economy, Wiley Blackwell (2001) View citations (33) (2001)

1998

54. How Do the Skilled and the Unskilled Respond to Regional Shocks? the Case of Spain
    IMF Working Papers, International Monetary Fund View citations (15)
    See also Journal Article How Do the Skilled and the Unskilled Respond to Regional Shocks?: The Case of Spain, IMF Staff Papers, Palgrave Macmillan (1999) View citations (68) (1999)

1996

55. The Effects of Corruption on Growth, Investment, and Government Expenditure
    IMF Working Papers, International Monetary Fund View citations (119)

1995

56. Current Account Surpluses and the Interest Rate Island in Switzerland
    IMF Working Papers, International Monetary Fund View citations (6)
57. Potential Trade with Core and Periphery: Industry Differences in Trade Patterns
    Working Papers, American Institute for Contemporary German Studies- View citations (7)

1992

58. Money demand and seignorage - maximizing inflation
    Policy Research Working Paper Series, The World Bank View citations (9)
    See also Journal Article Money Demand and Seigniorage-Maximizing Inflation, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (58) (1995)

Journal Articles

2022

1. Crypto-assets, corruption, and capital controls: Cross-country correlations
   Economics Letters, 2022, 215, (C) View citations (5)
2. Pandemic and progressivity
   International Tax and Public Finance, 2022, 29, (2), 505-535 View citations (4)
   See also Working Paper Pandemic and Progressivity, IMF Working Papers (2021) View citations (6) (2021)
3. The Long Shadow of Public Interventions in the Financial Sector
   IMF Economic Review, 2022, 70, (2), 212-250

2021

4. $$r-g
   IMF Economic Review, 2021, 69, (1), 197-229

2016

5. Growth—Now and Forever?
   IMF Economic Review, 2016, 64, (3), 526-547 View citations (9)
   See also Working Paper Growth: Now and Forever?, IMF Working Papers (2014) View citations (13) (2014)

2015

6. A modern history of fiscal prudence and profligacy
   Journal of Monetary Economics, 2015, 76, (C), 55-70 View citations (148)
   See also Working Paper A Modern History of Fiscal Prudence and Profligacy, IMF Working Papers (2013) View citations (91) (2013)
7. Pooling risk among countries
   Journal of International Economics, 2015, 96, (1), 88-99 View citations (15)
   See also Working Paper Pooling risk among countries, PSE-Ecole d'économie de Paris (Postprint) (2015) View citations (14) (2015)

2013

8. Past Fiscal Adjustments: Lessons from Failures and Successes
   IMF Economic Review, 2013, 61, (2), 379-404 View citations (9)

2011

9. Fiscal Policy and the Current Account
   IMF Economic Review, 2011, 59, (4), 603-629 View citations (60)
   See also Working Paper Fiscal Policy and the Current Account, CEPR Discussion Papers (2010) View citations (30) (2010)
10. The External Financing of Emerging Markets--Evidence from Two Waves of Financial Globalization
    Review of Finance, 2011, 15, (1), 207-243 View citations (7)

2010

11. Repensar la política macroeconómica
    Revista de Economía Institucional, 2010, 12, (22), 61-82 View citations (2)
12. Rethinking Macroeconomic Policy
    Journal of Money, Credit and Banking, 2010, 42, (s1), 199-215 View citations (614)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 199-215 (2010) View citations (203)
    See also Working Paper Rethinking Macroeconomic Policy, IMF Staff Position Notes (2010) View citations (293) (2010)

2009

13. Institutions and the external capital structure of countries
    Journal of International Money and Finance, 2009, 28, (3), 367-391 View citations (70)
    See also Working Paper Institutions and the External Capital Structure of Countries, IMF Working Papers (2004) View citations (53) (2004)

2008

14. Mass car ownership in the emerging market giants
    (Petroleum taxes)
    Economic Policy, 2008, 23, (54), 244-296 View citations (23)
15. Vanishing financial contagion?
    Journal of Policy Modeling, 2008, 30, (5), 775-791 View citations (23)

2007

16. Do Some Forms of Financial Flows Help Protect Against "Sudden Stops"?
    The World Bank Economic Review, 2007, 21, (3), 389-411 View citations (97)
17. The Shifting Composition of External Liabilities
    Journal of the European Economic Association, 2007, 5, (2-3), 480-490 View citations (53)
    See also Working Paper The Shifting Composition of External Liabilities, The Institute for International Integration Studies Discussion Paper Series (2007) View citations (47) (2007)

2006

18. Maurice Obstfeld and Alan M. Taylor, Global Capital Markets: Integration, Crisis, and Growth, Cambridge University Press (2004)
    Journal of International Economics, 2006, 70, (1), 325-328
19. Pricing growth-indexed bonds
    Journal of Banking & Finance, 2006, 30, (12), 3349-3366 View citations (15)
    See also Working Paper Pricing Growth-Indexed Bonds, IMF Working Papers (2005) View citations (12) (2005)

2004

20. La Corporación de Poseedores de Bonos Extranjeros
    Boletín, 2004, L, (1), 21-40
21. The Persistence of Corruption and Slow Economic Growth
    IMF Staff Papers, 2004, 51, (1), 1 View citations (104)
    See also Working Paper The Persistence of Corruption and Slow Economic Growth, IMF Working Papers (2002) View citations (29) (2002)
22. The case for GDP-indexed bonds
    (World income components: measuring and exploiting risk-sharing opportunities)
    Economic Policy, 2004, 19, (38), 166-216 View citations (94)

2003

23. Stock returns and output growth in emerging and advanced economies
    Journal of Development Economics, 2003, 71, (1), 129-153 View citations (63)
    See also Working Paper Stock Returns and Output Growth in Emerging and Advanced Economies, IMF Working Papers (2000) View citations (33) (2000)

2002

24. An evaluation of monetary regime options for Latin America
    The North American Journal of Economics and Finance, 2002, 13, (3), 213-235 View citations (46)
    See also Working Paper An Evaluation of Monetary Regime Options for Latin America, Working Papers Central Bank of Chile (2002) View citations (45) (2002)
25. Anatomy of employment growth
    (Growth and unemployment)
    Economic Policy, 2002, 17, (34), 67-114 View citations (26)
26. Emerging Market Spreads: Then versus Now
    The Quarterly Journal of Economics, 2002, 117, (2), 695-733 View citations (159)
    See also Working Paper Emerging Market Spreads: Then Versus Now, OFRC Working Papers Series (2001) View citations (4) (2001)

2001

27. Capital Flight from Russia
    The World Economy, 2001, 24, (5), 689-706 View citations (14)
    See also Working Paper Capital Flight from Russia, IMF Policy Discussion Papers (2000) View citations (29) (2000)
28. Exchange Rate Regimes of Developing Countries: Global Context and Individual Choices
    Journal of the Japanese and International Economies, 2001, 15, (1), 68-101 View citations (7)
    See also Chapter Exchange Rate Regimes of Developing Countries: Global Context and Individual Choices, World Scientific Book Chapters, 2019, 143-193 (2019) (2019)
29. The Suitability of ASEAN for a Regional Currency Arrangement
    The World Economy, 2001, 24, (7), 933-954 View citations (33)
    See also Working Paper The Suitability of ASEAN for a Regional Currency Arrangement, IMF Working Papers (1999) View citations (35) (1999)

2000

30. On Regional Monetary Arrangements for ASEAN
    Journal of the Japanese and International Economies, 2000, 14, (2), 121-148 View citations (82)
    See also Working Paper On Regional Monetary Arrangements For ASEAN, CEPR Discussion Papers (2000) View citations (86) (2000)

1999

31. How Do the Skilled and the Unskilled Respond to Regional Shocks?: The Case of Spain
    IMF Staff Papers, 1999, 46, (1), 1 View citations (68)
    See also Working Paper How Do the Skilled and the Unskilled Respond to Regional Shocks? the Case of Spain, IMF Working Papers (1998) View citations (15) (1998)

1998

32. Corruption and the composition of government expenditure
    Journal of Public Economics, 1998, 69, (2), 263-279 View citations (616)

1995

33. Corruption and Growth
    The Quarterly Journal of Economics, 1995, 110, (3), 681-712 View citations (3564)
34. Money Demand and Seigniorage-Maximizing Inflation
    Journal of Money, Credit and Banking, 1995, 27, (2), 583-603 View citations (58)
    See also Working Paper Money demand and seignorage - maximizing inflation, Policy Research Working Paper Series (1992) View citations (9) (1992)
35. Stock markets and growth: A brief caveat on precautionary savings
    Economics Letters, 1995, 47, (1), 111-116 View citations (21)

Books

2016

1. World on the Move: Consumption Patterns in a More Equal Global Economy
   Peterson Institute Press: All Books, Peterson Institute for International Economics

2015

2. China's Economic Transformation: Lessons, Impact, and the Path Forward
   PIIE Briefings, Peterson Institute for International Economics

2014

3. Rebuilding Europe's Common Future: Combining Growth and Reform in the Euro Area
   PIIE Briefings, Peterson Institute for International Economics View citations (3)

2007

4. Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870-1913 and Today
   OUP Catalogue, Oxford University Press View citations (18)

Chapters

2019

1. Exchange Rate Regimes of Developing Countries: Global Context and Individual Choices
   Chapter 5 in Macroeconomic Modelling and Monetary and Exchange Rate Regimes, 2019, pp 143-193
   See also Journal Article Exchange Rate Regimes of Developing Countries: Global Context and Individual Choices, Elsevier (2001) View citations (7) (2001)

2014

2. Introduction: Rethinking Macro Policy II--Getting Granular
   Chapter Introduction in What Have We Learned? Macroeconomic Policy After the Crisis, 2014, vol. 1, pp 1-28 View citations (4)