This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – i

It is well known by now that population ageing threatens the sustainability of fiscal policies in many countries. Although a number of policy options are availa

The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a