Dinger, Valeriya; Steinkamp, Sven; Westermann, Frank - 2012 - Last Revision: December 10, 2012, First Draft: October 31, 2012
correlated with unemployment, but not with inflation in the respective countries. -- tragedy of the commons ; inflation bias …Central bank credit has expanded dramatically in some of the euro area member countries since the beginning of the … objectives among the national cen-tral banks in the euro area. We show that after 2007, central bank credit has been highly …