Government support of private (occupational and personal) pensionsthrough the system of tax reliefs is large: between one quarter and onethird that of direct support of state pensions through public expenditure.However, it is regressive, lacks transparency and is difficult to control. Thispaper...

It is increasingly recognised that improving the quality and quantity of children’s services isan essential part of any long-term strategy to tackle poverty and social exclusion amongchildren. As part of its wider programme to address child poverty in England, Save TheChildren commissioned...

The output multiplier turns negative before a deficit spending program expires.We show the generality of this unpleasant finding for the standard real business cyclemodel. We then calibrate an extended model for the US and demonstrate how fiscalstimulus slows down economic recovery from...