Series: IMF Working Papers
Author(s): Ivan Tchakarov , and Roland Straub
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
Keywords: Public consumption, DSGE models, private investment, private capital, competitive markets, budget constraint,
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activi...