Publications & Documents


  • 28-November-2016

    English

    Deploy effective fiscal initiatives and promote inclusive trade policies to escape from the low-growth trap

    For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.

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  • 24-November-2016

    English

    Time to deploy the fiscal levers actively and wisely

    The role of fiscal policy has been at the heart of the policy debate since the financial crisis. With the global economy stuck in a low-growth trap and monetary policy overburdened, it is time to re-assess the use of fiscal policy levers.

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  • 24-November-2016

    English

    Most countries have room to increase public investment

    Public investment benefits current as well as future generations.

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  • 24-November-2016

    English

    Using the fiscal levers to escape the low-growth trap

    Using fiscal levers to escape the low-growth trap

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  • 24-November-2016

    English

    The effect of the size and mix of public spending on growth and inequality

    The effect of the size and mix of public spending on growth and inequality

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  • 24-November-2016

    English, PDF, 1,367kb

    Can an increase in public investment sustainably lift economic growth?

    This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances.

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  • 24-November-2016

    English, PDF, 1,159kb

    A re-assessment of fiscal space in OECD countries

    To what extent can public deficits increase without putting fiscal sustainability at risk, given the specific current macroeconomic situation of protracted low growth and low interest rates, combined with relatively high government debt levels?

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  • 24-November-2016

    English, PDF, 1,042kb

    The positive effect of public investment on potential growth

    An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on potential output for a panel of OECD countries is augmented with public investment and its components.

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  • 24-November-2016

    English, PDF, 1,426kb

    Public finance, economic growth and inequality: A survey of the evidence

    This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies.

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  • 24-November-2016

    English, PDF, 1,940kb

    Trends in public finance: insights from a new detailed dataset

    To investigate how public finances could best be designed to promote long-run growth and address inequality, it is essential to have comprehensive, cross-country comparable data on government spending and revenues, along with structural and policy indicators.

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