Fernando M. Gonçalves's research while affiliated with International Monetary Fund and other places

Publication (1)

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Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom driven rise in education spending. The parallel improvement i...


... Ivaschenko (2005) hones in on the key driver of long-term spending pressures-namely, rising medical costs-and presents cross-country analysis showing precisely how much of an outlier the United States is in terms of health expenditure, without matching benefits in outcomes. Bayoumi and Gonçalves (2007) look at the historical growth of government over the past half-century and see no evidence that "starving the beast" is likely to work, while Kumhof, Laxton, and Leigh (forthcoming) supplement this with some Global Integrated Monetary and Fiscal Model simulations. Rial and Gorter (2007) report on a pilot study to implement the IMF's Government Finance Statistics Manual 2001 methodology in the United States. ...