We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ … between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in …

relationship between deflation and economic growth, using consumer prices time series, Borio et al. (2015) find some evidence that … harmful effect of deflation on growth. …

conclude that financing growth and investment out of foreign savings, while not impossible, is risky. …

over the deficit episode and its aftermath, growth is slower than when countries rely on domestic savings. The paper … concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …