Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining such a pattern. It is shown in this paper that this...

This paper presents a two period overlapping generations model with endogenous growth in the presence of a public sector with objectives of convergence for public debt and primary balance to GDP ratios. In order to ensure the existence of converging paths towards the target values of fiscal...

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...

The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, product market regulations raise...

Sustainable energy is fundamental to social and economic development and to power sustainable growth. It is needed to improve livelihoods in developing countries, ensuring access to clean water, cooking, education and healthcare for their people. Energy poverty is also among the root causes of...

Budget support is central to the international cooperation policy of the European Union. It provides a platform for policy dialogue with partner countries. It contributes to strengthening country systems and budget processes to deliver these policies. It offers additional fiscal space to...

This report presents the external evaluation of the European Union's (EU) strategy of cooperation with the West Africa region and of its implementation over the period 2008-2016. Its main objectives are: i) to provide both the EU institutions and a broader audience with an independent and global...

This report is a broad assessment of soil conditions in the pan-European region. It describes the degradation of soil, its relevance in the European and global contexts, and the links between soil and sustainable development. The report is mainly addressed to policy makers and the general public.