capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries’ GDP. We conclude that the continuation of the fast growth rate of China, while …€œdemander of last resort,†the Chinese growth path would be challenged by its own success. …

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries’ GDP. We conclude that the continuation of the fast growth rate of China, while … of last resort,†the Chinese growth path would be challenged by its own success. …

capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … welfare and the growth rate. With outstanding public debt, the optimal fiscal policy should keep the debt-to-GDP ratio …

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate … to the relative size of the countries' GDP. We conclude that the continuation of the fast growth rate of China, while … last resort, the Chinese growth path would be challenged by its own success. …

the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …

the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …