This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to
We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find tha
This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify th
It is commonly agreed that economic policies, including budgetary policies, can have potentially strong distributional effects. Traditional economic analysis he
We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account lib