This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …

results from the requirement that non-traded inputs are used in the investment process. In the short-run, though, the effects …

Enhancing public and private investment, but also ensuring that this translates into higher growth and employment, have … generating growth. Private investment, particularly foreign direct investment (FDI), has underperformed significantly. And while … long been key policy challenges in Arab countries. Reflecting an improvement in policies and global conditions, investment …

inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …This Selected Issues paper analyzes pace of economic growth for Brazil. Moderating activity and stubbornly elevated … potential growth is probably lower than was widely assumed in recent years and now stands at about 3½ percent. The demographic …

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance … inflation tax becomes an increasing function of government spending. Furthermore, the more inefficient the tax collection system …, the larger the increase in the inflation tax for a given increase in government spending. A numerical analysis of the …

This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their … excessive money creation. It is shown that even without policy precommitment or aversion to inflation, the availability of … alternative currencies can support an equilibrium with a finite, time consistent inflation rate …

We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …