-based spending policies could have led to much safer fiscal positions much more in line with the EU’s Stability and Growth Pact rules. …

-based spending policies could have led to much safer fiscal positions much more in line with the EU's Stability and Growth Pact rules …

This paper investigates the relationship between the size of an unfunded public pension system and economic growth in … argument of parental utility. Unfunded public pensions can promote growth when families face liquidity constraints preventing … there is no case for unfunded public pensions in economies where bequests are operative. By contrast, there exists a growth …

public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through … which public finances affect growth and its underlying determinants (institutional framework, employment, savings and … surveys the empirical findings on the impact of fiscal variables on sustained economic growth. …