Anyone who has ever seen footage of a “Black Friday” stampede knows the holiday season can bring out the worst in people. So it’s important to remember that it can also bring out the best — and to ...

When U.S. President Barack Obama unveiled the $787 billion "stimulus" bill of extra spending and modest tax cuts last year, it became clear that the U.S. budget deficit was going to eclipse the 10% of ...

Crowding out, where excessive government spending/borrowing reduces capital available to the private sector, is emerging in the US. The federal government's deepening deficits are leading to a need ...

Back in the days of the financial crisis, when the Rudd government, in the face of hostility from the Coalition and much of the media, deployed large-scale fiscal stimulus to protect jobs and prevent ...

Crowding out risks are rising due to increasing government debt and the prospect of decreased intragovernmental trust activity impacting private sector financing. The federal deficit is improving ...

The model has two key ingredients: creditor discrimination and crowding-out effects. Creditor discrimination arises because, in turbulent times, sovereign debt offers a higher expected return to ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you’ve had the misfortune of having to learn economics, you may remember the theory of the “crowding out ...

Matthew Smith does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper contributes to the debate on the relationship between public-capital accumulation and private investment in ...