of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a …

The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price … output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible …

long-run interactions between economic growth and fiscal policy. Many countries must reduce high public debt to GDP ratios … that penalize longterm growth. However, fiscal adjustment is likely to hurt growth in the short run, delaying improvements … in affecting productivity and employment growth. This paper discusses the complex relationships between fiscal policy and …

This paper develops a new index which provides early warning signals of a growth crisis in the event of large external … index. The results show that vulnerabilities to a growth crisis in low-income countries declined significantly from their …

spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across …

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make … an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on …

growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt … adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that are gradual and rely on …, protecting public investment is critical for medium-term growth, as is the implementation of supply-side, productivity …