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Twin deficits in developing economies by Davide Furceri and Aleksandra Zdzienicka published by IMF (7/2018). “This paper provides new evidence on the existence and magnitude of the ‘twin deficits’ in developing economies. It finds that a one percent of…

The macroeconomic (and distributional) effects of public investment in developing economies by Davide Furceri and Bin Grace Li published by IMF (10/2017). “This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using…

The macroeconomic (and distributional) effects of public investment in developing economies  by Davide Furceri and Bin Grace Li published by IMF (2017). “This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using…

Gone with the headwinds: Global productivity by Davide Furceri, Gustavo Adler, Ksenia Koloskova, Marcos Poplawski-Ribeiro, Romain A Duval and Sinem Kiliç Çelik published by IMF (2017). “Productivity growth – the key driver of living standards – fell sharply following…

Neoliberalism: Oversold? by Jonathan D. Ostry, Prakash Lougani and Davide Furceri published by IMF (6/2016). “Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion…”