28-November-2016
English
For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.
24-November-2016
English
This paper provides evidence on the effects of the size and the composition of public spending on long-term growth and inequality.
24-November-2016
English
An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components.
24-November-2016
English
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies.
24-November-2016
English
To investigate how public finances could best be designed to promote long-run growth and address inequality, it is essential to have comprehensive, cross-country comparable data on government spending and revenues, along with structural and policy indicators.
24-November-2016
English
To what extent can public deficits increase without putting fiscal sustainability at risk, given the specific current macroeconomic situation of protracted low growth and low interest rates, combined with relatively high government debt levels?
24-November-2016
English
The role of fiscal policy has been at the heart of the policy debate since the financial crisis. With the global economy stuck in a low-growth trap and monetary policy overburdened, it is time to re-assess the use of fiscal policy levers.
24-November-2016
English
Public investment benefits current as well as future generations.
24-November-2016
English
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances.
24-November-2016
English, PDF, 1,367kb
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances.