The emergence of Covid-19 in late 2019 rapidly shattered the Asia-Pacific region (APR), a bastion of economic dynamism, and it became the epicenter of the global health crisis. This unprecedented pandemic not only triggered a public health catastrophe but also unleashed a financial storm,...

In addition to containing stable information to explain inflation, state-local expenditures also have a larger share of the forecast error variance of US inflation than the federal funds rate. Non-defense federal expenditures are useful in predicting real output variations and, starting from the...

Using a novel large-scale dataset that links thousands of expenditure programs to the Sustainable Development Goals for over a decade, we analyze the impact of public expenditure on more than 100 different development indicators. Contrary to the single-dimensional view of evaluating expenditure...