In studies concluding that public debt may hamper GDP growth, the debt tipping effects are estimated as if there were a single global currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do...

This paper is the overview chapter of an edited volume on "The Distributional Effects of Government Spending and Taxation." The paper offers the author's perspective on the government's role as a redistributive agent. Taxation and public spending programs are analyzed using the experiences of...

This paper is the overview chapter of an edited volume on quot;The Distributional Effects of Government Spending and Taxation.quot; The paper offers the author's perspective on the government's role as a redistributive agent. Taxation and public spending programs are analyzed using the...

This book focuses on the distributional consequences of the public sector and examines and documents, theoretically and empirically, the effects of government spending and taxation on personal distribution, and includes chapters investigating the relationship between the public sector and...

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a...