This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … raises productivity, the government should not borrow to finance it as the resulting increase in public debt would lower … should be financed only from current revenue. With investment in the stock of public infrastructure, public sector borrowing …

We use the World Bank decomposition of aggregate investment shares into their private and public components to test for … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …

We use the World Bank decomposition of aggregate investment shares into their private and public components to test for … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …

employment and investment decisions of multinationals producing intermediate inputs in developing countries. This is the case … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected …

employment and investment decisions of multinationals producing intermediate inputs in developing countries. This is the case … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected …