macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …

This paper evaluates whether the cyclical pattern of fiscal policy can affect growth. We first build a simple … endogenous growth model where entrepreneurs can invest either in short-run projects or in long-term growth enhancing projects … confirms that the positive effects of a more countercyclical fiscal policy on value added growth, productivity growth, and R …

This paper investigates the impact of public expenditures and taxation on economic growth using panel data for a sample … of OECD countries. The empirical results suggest that fiscal policy influences growth through three main channels. First …

There is a significant controversy among academics and policy-makers about whether policies matter for economic growth … (monetary, fiscal and trade) have an explanatory power for the cross-country variation in growth rates and income per capita … growth. In a cross-section of 91 countries, policy volatility emerges as a key determinant of macroeconomic performance. An …

features from growth theory. Money holdings are modelled through a simple cash-in-advance constraint and all the assets are …

of growth. We employ historical data, recent cross-section data, and newly constructed public investment series. Our main … consistently correlated with growth while the effects of taxation are difficult to isolate empirically. …

This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle …

Using a model of probabilistic voting, we analyse the impact of aid on the political equilibrium in the recipient … aid on the political equilibrium and therefore on the quality of the policy (using the utilitarian social welfare as a … quality by aid can help to explain the poor performance of conditionality in improving policy. Perhaps more surprising is the …