reassessed by taking into account lessons from the current crisis: the share of government borrowing in foreign currency will …

indicators combines information on the mix of public spending. Each spending item share is multiplied with an estimated … up to an aggregate inclusive growth indicator. The spending mix analysis cannot, however, measure the effectiveness of … provides an indicative overall indicator on the effects of public spending on inclusive growth. The analysis suggests that …

analysis the reaction of property tax revenues to house prices. It then analyses a house price reaction function looking at the …-to-GDP share slows down house price increases and that higher property taxation tends to reduce house price volatility. …

This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants … determined as a share of central government tax revenue, which itself tends to fluctuate with the cycle. Moreover, many grants …