Appropriate public expenditures can also be effective in boosting economic growth, even in the short run, when limits to infrastructure or skilled manpower become ... Empirical studies have yielded ...

Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century ...

Short-run monetary nonneutrality: An increase in the stock of money has temporary effects on real output (GDP) and employment in the short run because wages and prices take time to adjust (they are ...