Public investment, the Stability Pact and the ‘golden rule’

By Fabrizio Balassone, D. Franco. 2005

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Infrastructure in Latin America (2010, background): “Barro (1990), on the other hand, developed the endogenous growth version of this model where it was assumed that the government’s productive expenditures drive their contribution to current production.”
Infrastructure: A survey of recent and upcoming issues (2006, background): “(For an economic discussion see Ballasone and Franco 2000; Blanchard and Giavazzi 2003; Buiter and Grafe 2004; or Turrini 2004.”