This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union. It
The authors explore the relationship between fiscal rules and capital budgeting. The current budgetary approach to limit deficits to a fixed portion of GDP or t
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 reports on findings from eight pilot country studies on public investment that were carried out during the second half of 2004. The pilot country stu
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages;