Search results for " GDP growth"

showing 2 items of 2 documents

Strategic quantitative easing: Stimulating investment to rebalance the economy

2013

The Bank of England’s programmes of Quantitative Easing (QE) and Funding for Lending (FLS) are failing to stimulate GDP and rebalance the economy. Both policies falsely assume that the UK’s risk-averse capital markets, corporate sector and constrained banking system can be nudged into supporting the productive economy. We propose a new approach: one that channels investment directly into new housing, infrastructure and SME lending, boosting productivity and exports. QE must become less scattergun and more strategic, with reformed governance structures to match.

Central Bank Quantitative Easing GDP growth Funding for Lending.Settore SECS-P/01 - Economia PoliticaSettore SECS-P/06 - Economia Applicata
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Fiscal policy discretion, private spending and crises episodes

2011

In this paper, we assess the impact of fiscal policy discretion on economic activity in the short and medium-term. Using a panel of 132 countries from 1960 to 2008, we find that fiscal policy discretion provides a net stimulus to the economy in the short-run and crowding-in effects are amplified once crisis episodes are controlled for– in particular, banking crises - giving a great scope for fiscal policy stimulus packages. However, crowding-out effects take over in the long-run – especially, in the case of debt crises -, in line with the concerns about long-term debt sustainability.

Settore SECS-P/02 Politica EconomicaFiscal policy discretion GDP growth private consumption private investment crowding-in crowding-out.
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