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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 municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to firms in Germany's locally segmented credit markets....
Persistent link: https://www.econbiz.de/10013347219
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Monetary and fiscal policy interactions : leeper (1991) redux
Ascari, Guido; Florio, Anna; Gobbi, Alessandro - 2016
Persistent link: https://www.econbiz.de/10011451593
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High trend inflation and passive monetary detours
Ascari, Guido; Florio, Anna; Gobbi, Alessandro - 2018
Persistent link: https://www.econbiz.de/10011798453
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Controlling inflation with switching monetary and fiscal policies : expectations, fiscal guidance and timid regime changes
Ascari, Guido; Florio, Anna; Gobbi, Alessandro - 2017
Persistent link: https://www.econbiz.de/10011649230