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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021
low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany’s banking landscape …
Persistent link: https://www.econbiz.de/10012796947
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Growing like Germany: local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021 - This version: March 2021
low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking landscape …
Persistent link: https://www.econbiz.de/10012488747
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2022 - This version: August 21, 2022
Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to … firms in Germany's locally segmented credit markets. The ensuing crowding-out was made worse by increased municipal …
Persistent link: https://www.econbiz.de/10013347219
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2023 - Revised version, December 2023
Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to … firms in Germany's locally segmented credit markets. The ensuing crowding out was made worse by increased municipal …
Persistent link: https://www.econbiz.de/10014464205
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Growing like germany : local public debt, local banks, low private investment
Stewen, Iryna; Hoffmann, Mathias; Stiefel, Michael - 2021
Persistent link: https://www.econbiz.de/10012491016
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(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Huart, Florence - 2021
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
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Investment cycles and sovereign debt overhand
Aguiar, Mark; Amador, Manuel; Gopinath, Gita - In: The review of economic studies 76 (2009) 1, pp. 1-31
Persistent link: https://www.econbiz.de/10003805651
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Investment cycles and sovereign debt overhang
Aguiar, Mark; Amador, Manuel; Copinath, Gita - 2007
Persistent link: https://www.econbiz.de/10003542090
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An investment initiative for fiscally constrained EU member states : the role of synergetic financial instruments
Zeilbeck, Severin - 2015
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011380141