Using fiscal levers to escape the low-growth trap
The effect of the size and mix of public spending on growth and inequality
English, PDF, 1,367kb
This paper seeks to identify the conditions under which raising public investment can sustainably lift growth without deteriorating public finances.
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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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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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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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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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This paper provides evidence on the effects of the size and the composition of public spending on long-term growth and inequality.
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The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage institutions and pension funds.
This paper investigates the relationship between fiscal decentralisation and economy-wide disposable income inequality.