This paper examines wheather various hypotheses put forward to explain the downward trends in government capital spending are supported by the data. Using panel data for 22 OECD countries for 1980-1992, various hypotheses are tested in a model. The authors find support for three hypotheses: (1)...

Using various indicators for central bank independence the authors examine the relationship between central bank independence and government budget deficits. Using a two-stage procedure they also analyze whether central bank independence affects the monetization of deficits. First, the...

What are key pathways for investors, corporations, and other key stakeholders in the investment value chain to accelerate the transition towards sustainable investing?Sustainable investing is defined as an investment approach that integrates long-term environmental, social, and governance (ESG)...

Sustainability thinking is rapidly gaining traction. It o­ffers an inspiring vision for the future of the world and provides significant business and investment opportunities. Based on insights from over 300 empirical studies, this book explores the possibilities in the field of renewable...