This paper develops an endogenous growth model of the influence of public investment, public transfers, and … distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer …

intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net …We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …

What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper …

financing, the persistence of loss-of-learning effects on labor productivity is likely to make the post-Covid recovery more …

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making … explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … external balance. Well-executed high-yielding public investment programs can substantially raise output and consumption and be …