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This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
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Wie interagieren öffentliche Finanzen und Wirtschaftswachstum in Deutschland? Und welchen Einfluss haben diese … in Deutschland zu schließen. Er findet bei Gewinnsteuerelastizitäten starke Schwankungen über den Zeitablauf. Und … decisive for ruining the sustainability of public finances in Germany and how a debt brake could bring them back on a …
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Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and …
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