Since the outbreak of the financial crisis, the relationship between debt and growth has been an issue of heated debate among both academics and policymakers.
Determinants of the growth and sovereign debt correlation
Matthijs Lof, Tuomas Malinen, 25 May 2014
UK macroeconomists see potential for higher growth: results of the first Centre for Macroeconomics survey
Angus Armstrong, Francesco Caselli, Jagjit Chadha, Wouter den Haan, 14 April 2014
The Centre for Macroeconomics (CFM) – a partnership between the University of Cambridge, the London School of Economics (LSE), University College London (UCL), the Bank of England and the National Institute of Economic and Social Research (NIESR) – is today publishing the results of a new monthly survey to inform the public about the views held by leading UK based macroeconomists on
Efficient retail payments: An untapped source for reviving growth in Europe?
Iftekhar Hasan, Tuomas Takalo, 24 January 2014
Retail payments are an inherent part of most adults’ daily life in Europe. But promotion of efficient retail payments is seldom an inherent part of European growth agendas. It should be.
Growing out of corruption
Jie Bai, Seema Jayachandran, Edmund J. Malesky, Benjamin Olken , 22 November 2013
Eradicating corruption ranks among the central policy concerns of economic development practitioners around the globe. Then-World Bank President James Wolfenson made the case for combatting corruption in a 1996 speech now known as the “Cancer of Corruption” address. In it, he spelled out a theoretical mechanism connecting corruption and poverty:
Are the golden years for Latin America over?
Ignacio Munyo, Ernesto Talvi, 7 November 2013
Latin American growth is cooling –off sharply.
Reduced policy uncertainty and the Japanese economy
Masayuki Morikawa, 2 November 2013
While the effects of the 'three arrows' of the Japanese Abenomics policy mix – bold monetary easing, flexible fiscal policy, and the growth strategy –have attracted worldwide attention, reduced policy uncertainty is also expected to contribute to the country’s economic growth by stimulating long-term investments in the private sector.
Finance and growth: Too much of a good thing?
Thorsten Beck, 27 October 2013
Over the past 20 years, economists have accumulated a substantial body of empirical evidence that financial sector deepening is a critical part of the economic development process. This shows a well-functioning financial system is a conditio sine qua non for modern market economies to flourish.
Commentary on UK Budget 2012: Wanted – A real budget for growth
John Van Reenen, 29 March 2012
What was the problem with the 2012 UK budget? The problem with the budget was not so much what the Chancellor did but rather what he did not do. There was precious little in this budget to address the most pressing need of the British economy, and indeed the world economy: the need for growth.
Finance, long-run growth, and economic opportunity
Ross Levine, 25 October 2011
Finance is powerful. The financial system can be an engine of economic prosperity – or a destructive cause of economic decline and misery.
The finance-trade-growth nexus and lessons from the past
Michael Bordo, Peter L Rousseau, 26 May 2011
Developing and operating a financial system that fosters and sustains growth is one of today’s most pressing policy questions. The correlation between financial development and growth is well established (Levine 2005), and the roles of trade and export orientation in growth are likewise well accepted (e.g., Dollar 1992; Ben-David,1993; Edwards 1998).
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Cadot, de Melo, 16 June 2014
CEPR Policy Research
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- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University