Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …

determinant of public debt dynamics, can we sleep more soundly, despite high government debts? Our paper undertakes an empirical …

The stylized facts of government finance in the Group of Seven (G-7) industrial countries show that revenues lag real …

Transparent public financial management at the subnational level requires institutions and processes that mirror those …

enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public … finance …

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance …

captures the contribution of key risk variables to public sector vulnerability. In an illustrative application to Ecuador, the … vulnerability, the volatility of sovereign spreads and of oil prices remain major sources of risk for Ecuador''s public sector. The …

Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and … maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of … demonstrate the material consequences of the tax and public expenditure structures for growth and debt sustainability in low …