Data published by the US Congressional Budget Office show that over the last fifty years expenditures for infrastructure's operations and maintenance (O&M) have roughly equalled those for new capital. We use this data set to investigate the productive impact of public infrastructure spending,...

We compare the output and unemployment effects of fiscal adjustments in different types of government outlays in the US, Canada, Japan, and the UK. We identify shocks in government consumption, investment, vacancies and government wages in a SVAR using sign restrictions extracted from a...

Chapter 1. Introduction -- Section 1. Migration and the Macroeconomy: Some Empirical Evidence -- Chapter 2. The Impact of Immigration on Productivity -- Chapter 3. Macroeconomic Consequences of International Migration for OECD Countries -- Chapter 4. The Economics of Brain Waste -- Section 2....

Motivated by fiscal austerity and the surge in emigration in Europe's periphery during the Great Recession Bandeira, Caballé and Vella study a particular type of fiscal consolidation: the one carried out through an increase in consumption tax rates. Using a small open economy model with search...

While extensive academic work has looked at the microeconomic aspects of migration, an open question is to better understand the links between migration and macroeconomic aggregates, such as per capita GDP. This book explores this overarching question, which has hit the key political and social...