the potential mechanisms driving economic fluctuations as well as modify key policy implications. We first show how a …

high priority needs in the life, and smaller needs can be subsequent, for progressive happiness. Money cannot bring …

of the Combrain will be to identify,plan&derive implementation methods for Basic Needs;Domestic Investment …

. Using this model, I demonstrate how a positive investment-saving correlation can arise in a world with endogenous fiscal … capital mobility. This implies that the observed investment- saving comovement is not necessarily due to imperfect capital … mobility. The model has a testable implication: it predicts a lack of Granger causality from private saving to private …

account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … we allow for habit formation in consumption. Specifically, habits are crucial for government spending to induce a …

This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and, as a result, investment. We find a sizeable negative effect … of public spending - and in particular of its public wage component - on business investment. This result is consistent …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … influenced by the scale of the economy, measured by its population; and third, investment in transport and communication is …

"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption …