The literature testing for long-run impacts of fiscal policy on growth at the macro level has generally ignored short-run dynamics and treated all counties’ fiscal-growth dynamics identically. This paper examines how robust previous ‘long-run’ results for OECD countries are to new empirical methods that model short-run dynamics and allow fiscal-growth responses to be heterogeneous both across c...

The fiscal condition of most OECD countries has deteriorated markedly in the last 30 years. But beyond this general weakening, there has been considerable variation in the fiscal performance of these countries. For example, Italy, Belgium, Japan and Ireland accumulated significant amounts of public debt whereas Finland, Norway, the UK and, until recently, Germany, implemented relatively conserv...

1 Sachs J. Macroeconomics and health: investing in health for economic development. Report of the commission on macro economics and health. Geneva: World Health Organization, 2001. 2 Gomez E. Equity, gender, and health policy reform in Latin America and the Caribbean. Washington, DC: Pan American Health Organization, 2000. 3 Freedman LP, Waldman RJ, de Pinho H, et al. Who’s got the power? Trans...

This paper deals with the problems of assessing the effects of fiscal policy in the European Monetary Union. Here, we face wide cross-country differences in key fiscal parameters, some of which may also be vary over time (business cycle). Moreover, these effects may also depend on trade spillover effects and thus on the extent of policy coordination. Our empirical analyses make use of data for ...

Since its independence, Tanzania has been the location of choice for many refugees in the Great Lakes region of Eastern Africa. As one of the most impoverished countries in the world, mass refugee migrations such as those experienced in the 1990s alter Tanzania’s own plight for social and economic development. This paper explores the effects that refugees have had upon Tanzania’s economy. It wi...

The Hamilton Project seeks to advance America's promise of opportunity, prosperity, and growth. The Project's economic strategy reflects a judgment that long-term prosperity is best achieved by making economic growth broad-based, by enhancing individual economic security, and by embracing a role for effective government in making needed public investments. Our strategy—strikingly different from...

This paper econometrically analyzes the relationship between public spending and gendered urban employment in China for the period 1999-2009. Proponents of gender-sensitive public policies suggest that spending on healthcare and education may increase long-run growth and women’s relative employment via the expansion of paid care work (increasing labor demand) and reductions in unpaid labor (inc...

Is there a relationship between local arts and culture production and local prosperity that is permanent rather than transitory? The answer to this question determines whether arts and culture production generates economic growth or a temporary ‘multiplier’ effect that diminishes over time. We argue that despite the obvious public policy interest in the subject there has been no fully satisfact...

Recently, the enterprises, from a financial perspective, have been seeing that need of the integrating with others with trade credit policies as a promising issue for savings in the supply chain. In this direction, this paper establishes a new economic production quantity (EPQ) inventory model for deteriorating items under two levels of trade credit, in which the supplier offers to the retailer...

The financial crisis that surfaced in 2007 has stressed the need to identify the ultimate sources of the incentives that were behind the preceding credit and housing bubbles. To lower the likelihood of future financial collapses, prudent economic policies as well as an adequate regulatory and supervisory framework for financial institutions are required. Monetary policy, in turn, should be dire...