This paper investigates the effects of changes in fiscally-induced and trade-related variables on the rate of economic growth. Adopting the simplest possible version of the Keynesian/Ramsey paradigm, it is showed that both the level as proxy for the short-run impact, and the change as proxy for...

This paper revisits the issue of the Ricardian Equivalence Hypothesis (REH), as since its reemergence, its theoretically underlying premises have been called into question. Yet, severe criticism raised by its opponents concerning the efficacy of government actions has further challenged the need...

Global macroeconomic imbalances have been, perhaps, one of the most contentious issues with magnificent implications for policymakers. Over the last decades, there has been an adherence to the view that public saving causes national saving and as such may sequentially represent macro-policy...