This volume brings together nine papers from a conference on international macroeconomics sponsored by the NBER in 1985. International economists as well as gra

Fiscal policy is an important factor influencing the growth performance of countries. However, compared to the large empirical literature on the effects of mone

The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the glob

The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issu

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a