Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the …

Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial … sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …

public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment … and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure … investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and …

to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania …

This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms … across Italy's provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces … significantly reduces the labor productivity of private sector firms. The results suggest that raising public sector efficiency …