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Business investment in EU countries
Bańbura, Marta (contributor); Albani, Maria (contributor);  … - European System of Central Banks / Working Group on … - 2018
in countries that were hit hardest by the sovereign debt crisis, is the low level of public investment. This is because … when public investment enhances the productivity of the private sector, there may be positive spillovers from the former to …
Persistent link: https://www.econbiz.de/10011918803
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Real and financial cycles in EU countries : stylised facts and modelling implications
Rünstler, Gerhard (contributor);  … - European System of Central Banks / Working Group on … - 2018
This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings of large medium-term cycles in credit volumes and house prices. GDP appears...
Persistent link: https://www.econbiz.de/10011779865