Marzian, Johannes; Trebesch, Christoph - 2025
buildup, the more dominant debt financing has been. In line with history and theory, Germany and Europe should again rely on …Europe must rapidly increase its military spending, but how? We collect 150 years of data to study what governments in … spending. Fiscal rules must not stand in the way of the defence of Europe. A warning example is the case of the UK in the 1930s …