of explanatory variables tried, and the time-span. The empirical analysis shows that changes in budget balances are … induced additional consolidation in Europe and that budget balances deteriorate markedly in election years. Asset prices also …

In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of … identify also the distortions induced by public expenditure in the private factors allocation. In particular, we detect a …. We also associate a significant dependence of productivity on public expenditure on education as well as the role of …

annual change of the public debt ratio and the budget deficit-to-GDP ratio are negatively and linearly associated with per …

, reflecting about 17% of their gross annual income from Luxembourg and contributing about 10% to total household final consumption … expenditure in Luxembourg. Cross-border consumption expenditure is shown to depend on individual and household characteristics …, such as total household income, the number of cross-border commuters in the household, distance between home and work, as …

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an … Agenda. While more research is needed to establish causality and verify the theoretical channels linking access to finance …

We extend household-level data from the Household Finance and Consumption Survey using aggregate series and micro …-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by … affected the income-poor, while the declining wealth the income-rich. Although borrowers benefited from the substantial …