Scheer, Alexander; Müller, Gernot; Kriwoluzky, Alexander - 2017
Financial repression allows governments to borrow at artificially low interest rates. Quantifying financial repression …. In this paper, we put forward a quantitative business cycle model which features financial repression. We estimate the … model on US times series for the period 1948-1979 in order to quantify the extent of financial repression and its impact on …