This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify th

This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to

"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital network

Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in