Fiscal rules are argued to be important for sound and sustainable fiscal policies and have
been increasingly adopted over the last 20 years. As increased fiscal pressure and fiscal …

Abstract During the period 2003–2016, China's infrastructure investment as a share of GDP
outpaced, by a large margin, the average GDP share of entire government investment in …

We study the effectiveness of public investment in stimulating an economy stuck in a liquidity
trap. We do so in the context of a tractable new-Keynesian economy in which a fraction of …

The relationship between sustainable growth and public investment, considered one of the
key factors, is a topic of interest in the context of globally adopted sustainable development …

El objetivo de este artículo es analizar el gasto en inversión pública con financiamiento
externo sostenible. El desarrollo teórico considera las condiciones de solvencia y …

This study contributes to the literature by establishing the linkages between new institutional
economics, public finance theory, and tourism economics, to explore the motives of capital …

We analyze the welfare multipliers of public spending (the consumption equivalent change
in welfare for one dollar change in public spending) in a DSGE model. The welfare …

内容提要基础设施投资高速增长是改革开放以来中国经济的典型特征, 它不仅拉动了总需求,
而且在供给侧影响了产业结构转型和生产率提高. 本文建立了一个包含基础设施投资的多部门 …

We study optimal fiscal policy in an economy plunged into a deep recession characterized
by a liquidity trap, and in which the government can allocate spending both to consumption …

This paper provides an approach to incorporate planned investments in power grid
infrastructure in Germany, which are expected to offer the necessary flexibility to integrate …