We construct a two-sector (agriculture and modern) overlapping generations growth model calibrated to India to study the effects of sectoral tax rates, sectoral infrastructure investments, and labor market frictions on potential growth in India. Our model is motivated by the idea that because...

The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive "V"-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output .figures, but also as the primary determinant of long-term movements in the...

Chapter 1. Introduction -- Chapter 2. Keynote: The G-20 since 2008: Some reflections on the experience and the road ahead -- Part I: Eurozone Crisis: Short-Run Challenges and Options -- Chapter 3. Overcoming the Euro Area Crisis: Reforms and Results -- Chapter 4. Predicting the Euro: A...