Private debt and GDP : a short-run perspective

Gianluca Cafiso

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short-run too. Our aim is to understand whether policy measures aimed to reduce the cost of private debt may favor a quick increase of the economic activity.

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Year of publication:	November 2016
Authors:	Cafiso, Gianluca
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	private debt \| GDP \| short-run \| VAR \| Nationaleinkommen \| National income \| Private Verschuldung \| Private debt \| Öffentliche Schulden \| Public debt \| Bruttoinlandsprodukt \| Gross domestic product \| Privatisierung \| Privatization \| VAR-Modell \| VAR model \| Internationale Staatsschulden \| International sovereign debt \| Fremdkapital \| Debt financing

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Extent:	1 Online-Ressource (circa 24 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 6201
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/149288 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; O11 - Macroeconomic Analyses of Economic Development ; O16 - Financial Markets; Saving and Capital Investment ; O51 - U.S.; Canada ; O52 - Europe
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011566459