4 articles in this issue
Ignazio Visco
The COVID-19 crisis has hit Italy severely: by mid-2020, GDP had returned to the level observed in 1993. This is the result not only of its sharp collapse in the first half of 2020, but also of its weak growth since the 1990s. Addressing the problems that... see more
Emiliano Brancaccio,Fabiana De Cristofaro
The tests carried out by Blanchard and Leigh (2013; IMF, 2012) and Fátas and Summers (2018) are extended here into a panel framework in order to assess the empirical basis of the so-called IMF “mea culpa” regarding the underestimation of Keynesian m... see more
Anupam Das,Tanweer Akram
Keynes argued that the short-term interest rate is the main driver of the long-term interest rate on government bonds. This paper empirically models the relationship between the short-term interest rate and long-term government securities yields in Canada... see more
Bovick Wandja Yemba,Rafael S. M. Ribeiro,Victor Medeiros
The provisioning of adequate infrastructure may be seen as a key contributing factor in the industrialization process as well as economic development across the globe. While there is a vast empirical literature assessing the impact of infrastructure on ec... see more