Gropp, Reint; McShane, William - Leibniz-Institut für Wirtschaftsforschung Halle - 2021
uncertainty, reduced consumption opportunities due to lockdown measures, and Ricardian Equivalence, i.e. increases in the expected … estimate that going from no lockdown measures to that of Italy’s in March, would have resulted in the growth of Germany … pent-up demand for consumption that may unravel after lockdown measures are abolished and may result in a significant …