Finance and Development, June 2015.

Finance and Development, June 2015

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several yea

Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis ye