Kinnunen, Jouko, Hans Lofgren, Victor Sulla, Dino Merotto. 2013. External shocks, fiscal policy and income distribution: Alternative scenarios for Moldova. World Bank Policy Research Working Paper WPS 6365. Revised version of paper presented at the ECOMOD Conference, held in Seville, Spain, July 4-6, 2012. The study is part of the study “State and Redistribution: Analyzing the Distributional Impact of Fiscal Policy,” led by Jose Cuesta of theWorld Bank’s Poverty Reduction and Equity Unit (PRMPR) and supported by the Trust Fund for Environmentally & Socially Sustainable Development (TFESSD).