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The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reform
Public Debt and Growth
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This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost fo
The Macroeconomic Effects of Public Investment
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This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify th
PEFA, Public Financial Management, and Good Governance
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This project, based on the Public Expenditure and Financial Accountability (PEFA) data set, researched how PEFA can be used to shape policy development in publi
The Oxford Handbook of the Quality of Government
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Recent research demonstrates that the quality of public institutions is crucial for a number of important environmental, social, economic, and political outcome