associated with lower growth in credit, notably in household credit. Effects are less in financially more developed and open …

a mix of austerity, forbearance and growth. The claim is that advanced countries do not need to resort to the standard …

of selected spreads and proxy measures of countries' growth opportunities. Three main results obtain. First, there is … measures of countries' growth opportunities. …

in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be …-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public …

The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth … improve the composition of public spending in order to foster inclusive growth. Regional solutions should also continue to be …

dependence on Chinese final demand in value-added terms amplifies the international spillovers and synchronizing impact of growth …

According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …

growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt … adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that are gradual and rely on …, protecting public investment is critical for medium-term growth, as is the implementation of supply-side, productivity …