Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska
Permanent Fund. Using the Current Population Survey and a synthetic control method, this …

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents
all the major growth paradigms and shows how they can be used to analyze the growth …

This paper studies an agent-based model that bridges Keynesian theories of demand-
generation and Schumpeterian theories of technology-fueled economic growth. We employ …

In this paper, we present evidence that policy volatility exerts a strong and direct negative
impact on growth. Using data for 93 countries, we construct measures of policy volatility …

This paper assesses the impact of different types of flexible fiscal rules on the procyclicality
of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self …

Cómo puede México salir del estancamiento económico en que ha estado sumido en las
últimas tres décadas? Pocas preguntas tienen tanta relevancia para el futuro de la sociedad …

Since unification, the debate about Germany's poor economic performance has focused on
supply-side weaknesses, and the associated reform agenda sought to make low-skill labour …

The macroeconomic literature on automatic stabilization tends to focus on taxes and dismiss
the relevance of government expenditure except for unemployment compensation. Our …

What are the effects of cyclical fiscal policy on industry growth? We show that industries with
a relatively heavier reliance on external finance or lower asset tangibility tend to grow faster …

We investigate the reaction of fiscal policy to the business cycle in a panel of 56 developed,
emerging and developing economies over 1990–2011. While we strengthen the established …