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  1. Does public debt granger-cause inflation in Tanzania?
    a multivariate analysis
    Autor*in: Saungweme, Talknice; Odhiambo, Nicholas M.
    Erschienen: [2021]
    Verlag:  University of South Africa, [Pretoria]

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    Schriftenreihe: UNISA economic research working paper series ; 2021, 22 (November 2021)
    Schlagworte: Public debt; inflation; ARDL; Granger-causality; Tanzania
    Umfang: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  2. Keep it simple, not stupid - Kuinka pelastaa EU:n finanssipoliittiset säännöt?
    Autor*in: Kuusi, Tero; Puonti, Päivi
    Erschienen: 12.10.2021
    Verlag:  ETLA, Elinkeinoelämän Tutkimuslaitos, Helsinki

    In this paper, we describe key problems of the current EU's fiscal framework and offer constructive alternatives to reforming it. A comprehensive reassessment of the rules is necessary, as the development of the rules has reached an impasse for both... mehr

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    In this paper, we describe key problems of the current EU's fiscal framework and offer constructive alternatives to reforming it. A comprehensive reassessment of the rules is necessary, as the development of the rules has reached an impasse for both political and technical reasons. In our view, Europe needs fiscal rules to ensure sustainability of public finances. In order to reconcile the freedom and responsibility of member states' fiscal policies, a balance must be struck in which the rules are simple enough to actually be useful in fiscal policy guidance. This requires that compliance with them can be easily monitored and that the rules are effective enough to allow solidarity to be achieved rarely enough. Our conclusion is that the new rules should emphasize the long-term debt sustainability target more clearly, while at the same time making its monitoring more effective through better short-term indicators, in particular the expenditure benchmark. We provide a proposal for practical implementation option, which is largely consistent with the current rules. At the same time, the expenditure benchmark should be reformed in order to further its countercyclical impact on fiscal policy, and it should replace the structural balance as the operational indicator of fiscal policy stance. Responsibility for economic policy decisions and their consequences should be fully restored to the Member States and the role of national supervisors should be strengthened. Solidarity in times of crisis should be accompanied by strict conditionality that, in good times, the fiscal policy must be in line with the reformed EU framework.

     
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    Sprache: Finnisch
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    hdl: 10419/251086
    Schriftenreihe: ETLA raportti ; 118
    Schlagworte: Fiscal policy; EU; Fiscal rules; Public debt; Fiscal stance
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  3. Do higher public debt levels reduce economic growth?
    Autor*in: Heimberger, Philipp
    Erschienen: November 2021
    Verlag:  Wiener Institut für Internationale Wirtschaftsvergleiche, Wien

    While the effect of higher public debt levels on economic growth has received much attention, the literature partly points to contradictory results. This paper applies meta-regression methods to 826 estimates from 48 primary studies. The unweighted... mehr

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    While the effect of higher public debt levels on economic growth has received much attention, the literature partly points to contradictory results. This paper applies meta-regression methods to 826 estimates from 48 primary studies. The unweighted mean of the reported results suggests: a 10 percentage points increase in public-debt-to-GDP is associated with a decline in annual growth rates by 0.14 percentage points, with a 95% confidence interval from 0.10 to 0.18 percentage points. However, we cannot reject a zero effect after correcting for publication bias. Furthermore, the meta-regression analysis shows that tackling endogeneity between public debt and growth makes estimates lean less towards the negative side. In testing for non-linear effects, our results do not point to a universal publicdebt-to-GDP threshold beyond which growth slows: threshold estimates are sensitive to data and econometric choices. These findings imply a lack of evidence of a consistently negative growth effect of higher public-debt-to-GDP.

     
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    Schriftenreihe: Working paper / wiiw ; 211
    Schlagworte: Public debt; economic growth; meta-analysis
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  4. Essais sur les conséquences de l'expansion financière
    croissance, cycles et crises
    Autor*in: Fajeau, Maxime
    Erschienen: [2020]

    The present thesis studies the consequences of the financial expansion initiated at the end of The Glorious Thirty to spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through econometric... mehr

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    The present thesis studies the consequences of the financial expansion initiated at the end of The Glorious Thirty to spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through econometric tools. Thus, the first chapter carries out an in-depth analysis of the methodology that guides a substantial part of the empirical literature on the finance-growth nexus. It highlights an array of statistical issues casting serious doubts on the reliability of previous results, including, in particular, the conclusion that the relationship between financial expansion and economic growth is non-linear. However, our estimates document an overall negative effect of expanding credit to the private sector on growth. This effect, which has intensified over time, appears to be more pronounced in advanced economies. The joint analysis of private and public debt, conducted in the second chapter, shows that public debt tends to be a drag on growth, not initially, but in the aftermath of a crisis if policy makers are unable to pursue a counter-cyclical fiscal policy. It is not the level of public debt but rather its trajectory that affects economic growth. Finally, the last chapter investigates the bailout of municipalities exposed to toxic structured loans. It illustrates a failure in the financial liberalization initiated in France in the 1980s to stimulate local governments' financing. This work highlights the ambivalence of the support funds. ; La présente thèse propose une étude des conséquences de l'expansion financière initiée à la fin des Trente Glorieuses comme nouveau ressort d'une croissance économique alors en perte de vitesse. De manière incidente, ce travail se penche sur la problématique de la mesure des régularités économiques par le biais des outils économétriques. Ainsi, le premier chapitre conduit une analyse approfondie de la méthodologie qui guide une grande partie de la littérature empirique sur la relation finance-croissance. Il lève le voile sur un certain nombre de problèmes remettant en question la fiabilité des résultats antérieurs, dont notamment la conclusion selon laquelle la relation entre expansion financière et croissance économique serait régie par un effet de seuil. Nos estimations documentent en revanche un effet globalement négatif de l'expansion du crédit au secteur privé sur la croissance. Cet effet, qui s'est intensifié dans le temps, apparaît comme plus prononcé dans les économies avancées. L'analyse jointe de l'endettement privé et public, conduite dans le deuxième chapitre, montre que la dette publique tend à freiner la croissance, non pas initialement, mais à la suite d'une crise financière, si le gouvernement est incapable de conduire une politique budgétaire contra-cyclique. La trajectoire de l'endettement public est ici l'élément déterminant, plus encore que le niveau d'endettement. Le dernier chapitre, en étudiant le sauvetage des communes exposées aux emprunts structurés toxiques, offre une illustration d'une dérive de la libéralisation financière engagée en France dans les années 1980. Ce travail souligne toute l'ambivalence des fonds de soutien.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    Schlagworte: Finance; Growth; Business cycles; Crises; Public debt; Private credit; Applied econometrics; Policy evaluation
    Umfang: 1 Online-Ressource (circa 407 Seiten), Illustrationen
    Bemerkung(en):

    Dissertation, Université Paris 1 Panthéon-Sorbonne, 2020
  5. When does public debt impair economic growth?
    a literature review in search of a theory
    Autor*in: Tamborini, Roberto; Tomaselli, Matteo
    Erschienen: [2020]
    Verlag:  Università degli studi di Trento, Dipartimento di economia e management, [Trento]

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    Schriftenreihe: DEM working papers ; n. 2020, 7
    Schlagworte: Public debt; Debt burden; Debt sustainability; Economic growth; Endogenousgrowth models
    Umfang: 1 Online-Ressource (circa 36 Seiten)
  6. A pervasive economic fallacy in assessing the cost of public funds
    Autor*in: Boyer, Marcel
    Erschienen: November 2020
    Verlag:  Toulouse School of Economics, [Toulouse]

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    Schriftenreihe: Working papers / Toulouse School of Economics ; no 1169
    Schlagworte: Cost of capital; Public debt; Site C project; Generations fund; REM; Infrastructure Ontario
    Umfang: 1 Online-Ressource (circa 31 Seiten)
  7. Reformando el sistema de pensiones en Perú: costo fiscal, nivel de pensiones, brecha de género y desigualdad
    Autor*in: Olivera, Javier
    Erschienen: diciembre 2020
    Verlag:  Departamento de Economía, Pontificia Universidad Católica del Perú, Lima, Perú

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    Schriftenreihe: Documento de trabajo / Departamento de Economía, PUCP ; no 496
    Schlagworte: Pensions; Public debt; Inequality; Gender gap; Peru
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  8. The effects of austerity, growth and inflation shocks on government debt: the case of Bulgaria
    Autor*in: Makarieva, Martina
    Erschienen: 2020
    Verlag:  Bulgarian National Bank Publications Division, Sofia, Bulgaria

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    ISBN: 9786197409215
    Schriftenreihe: Discussion papers / Bulgarian National Bank ; DP/2020,117
    Schlagworte: Public debt; VAR; fiscal policy; impulse response
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  9. Fiscal rules and fiscal councils
    recent trends and performance during the COVID-19 pandemic
    Autor*in: Davoodi, Hamid; Elger, Paul; Fotiou, Alexandra; Garcia-Macia, Daniel; Han, Xuehui; Lagerborg, Andresa; Lam, W. Raphael; Medas, Paulo
    Erschienen: 2022 JAN
    Verlag:  International Monetary Fund, [Washington, D.C.]

    Adoption of fiscal rules and fiscal councils continued to increase globally over the last decades based on two new global datasets. During the pandemic, fiscal frameworks were put to test. The widespread use of escape clauses was one of the novelties... mehr

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    Adoption of fiscal rules and fiscal councils continued to increase globally over the last decades based on two new global datasets. During the pandemic, fiscal frameworks were put to test. The widespread use of escape clauses was one of the novelties in this crisis, which helped provide policy room to respond to the health crisis. But the unprecedented fiscal actions have led to large and widespread deviations from deficit and debt limits. The evidence shows that fiscal rules, in general, have been flexible during crises but have not prevented a large and persistent buildup of debt over time. Experience shows that deviations from debt limits are very difficult to reverse. The paper also presents evidence on the benefits of a good track record in abiding by the rules. All these highlight the difficult policy choices ahead and need to further improve rules-based fiscal frameworks

     
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    ISBN: 9798400200472
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    Schriftenreihe: Working paper / International Monetary Fund ; WP/22, 11
    Schlagworte: Fiscal Rules; Fiscal Councils; COVIDCOVID-19; pandemic; Public debt; European Union; Deficit limits; independent fiscal institutions; Fiscal Policy; National Budget, Deficit and Debt; Policy Coordination; Policy Designs and Consistency; Policy Objectives; Structure and Scope of Government
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  10. A journey in the history of sovereign defaults on domestic law public debt
    Autor*in: Erce, Aitor; Mallucci, Enrico; Picarelli, Mattia
    Erschienen: September 22, 2021
    Verlag:  Luiss SEP, [Rom]

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    Schriftenreihe: Working paper / Luiss School of European Political Economy ; 2021, 14
    Schlagworte: Public debt; sovereign default; domestic law; database
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  11. A journey in the history of sovereign defaults on domestic-law public debt
    Autor*in: Erce, Aitor; Mallucci, Enrico; Picarelli, Mattia
    Erschienen: [2022]
    Verlag:  Board of Governors of the Federal Reserve System, [Washington, DC]

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    Schriftenreihe: International finance discussion papers ; number 1338 (March 2022)
    Schlagworte: Public debt; sovereign default; domestic law; database
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  12. Long-term debt sustainability in emerging market economies
    a counterfactual analysis
    Autor*in: Panizza, Ugo
    Erschienen: April 2022
    Verlag:  Graduate Institute of International and Development Studies, International Economics Department, Geneva, Switzerland

    The 2015 Addis Ababa Action Agenda recognized the need for policies aimed at maintaining longterm debt sustainability. This paper describes a set of commonly used definitions of debt sustainability and shows that none of them focuses on long-term... mehr

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    The 2015 Addis Ababa Action Agenda recognized the need for policies aimed at maintaining longterm debt sustainability. This paper describes a set of commonly used definitions of debt sustainability and shows that none of them focuses on long-term debt sustainability. It then discusses concept and several practical and conceptual difficulties linked to assessing solvency in developing and emerging countries. Next, the paper asks whether countries default because they borrow too much, or because investors think that they will default and this expectation becomes self-fulfilling. To answer this question, the paper uses a sample of 17 emerging market countries over 1970-2020 to build counterfactual debt levels under the assumption that these countries had continuous access to the international capital market without paying any premium over US Treasuries. The exercise shows that most debt crises are not driven by solvency issues.

     
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    Schriftenreihe: Working paper series / Graduate Institute of International and Development Studies, International Economics Department ; no. HEIDWP2022, 07
    Schlagworte: Public debt; Default; Liquidity crises
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  13. Keep it simple, not stupid
    how to save the EU fiscal framework?
    Autor*in: Tero, Kuusi; Päivi, Puonti
    Erschienen: 2022
    Verlag:  ETLA, Elinkeinoelämän Tutkimuslaitos, Helsinki

    In this paper, we describe key problems of the current EU’s fiscal framework and offer constructive options for its reform. A comprehensive reassessment of the rules is necessary, as the development of the rules has reached an impasse for both... mehr

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    In this paper, we describe key problems of the current EU’s fiscal framework and offer constructive options for its reform. A comprehensive reassessment of the rules is necessary, as the development of the rules has reached an impasse for both political and technical reasons. In our view, Europe needs fiscal rules to ensure the sustainability of public finances. In order to reconcile the freedom and responsibility of member states’ fiscal policies, a balance must be struck in which the rules are simple enough to facilitate monitoring of compliance yet effective enough to mean that the need for cross-country bail-out measures is sufficiently rare. Our conclusion is that the new rules should emphasise the long-term debt sustainability target more clearly, while at the same time making its monitoring more effective through better short-term indicators, in particular the expenditure benchmark. We provide a proposal for a practical implementation option which is largely consistent with the current rules. At the same time, the expenditure benchmark should be reformed in order to further its countercyclical impact on fiscal policy, and it should replace the structural balance as the operational indicator of fiscal policy stance. Responsibility for economic policy decisions and their consequences should be fully restored to the Member States and the role of national supervisory bodies should be strengthened. Cross-country bail-out measures in times of crisis should be accompanied by strict conditionality that, in good times, the fiscal policy must be in line with the reformed EU framework.

     
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    hdl: 10419/270478
    Schriftenreihe: ETLA raportti ; 120
    Schlagworte: Fiscal policy; EU; Fiscal rules; Public debt; Fiscal stance
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  14. Public debt and economic growth
    Autor*in: Puonti, Päivi
    Erschienen: 2022
    Verlag:  ETLA, Elinkeinoelämän Tutkimuslaitos, Helsinki

    Economics literature suggests that, even in the absence of fiscal costs, a persistently high and increasing public debt ratio may have a detrimental effect on long run economic growth in an economy that is not over-accumulating capital like Finland... mehr

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    Economics literature suggests that, even in the absence of fiscal costs, a persistently high and increasing public debt ratio may have a detrimental effect on long run economic growth in an economy that is not over-accumulating capital like Finland today. High public debt creates expectations about future tax increases and a climate of uncertainty, reducing incentives to save and invest. By being informative about its fiscal plans the government can anchor expectations and create a stable investment climate. The relationship between debt and growth is complex and depends on country-specific factors likely to change over time, providing support for country-specific debt-limits or rates of debt reduction. By reducing debt today, the government prepares for unanticipated events requiring significant public borrowing in the future and contains the distortionary effect of taxation required to service the debt. Reducing debt in an economic upturn, when private demand is strong and when monetary policy is accommodative, results in fiscal policy that is optimal both in the short and long run, minimizing the potentially harmful effect of fiscal consolidation on economic growth. Policies and structural reforms boosting economic growth allow the debt ratio to decline through economic growth, reducing the need for fiscal consolidation.

     
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    hdl: 10419/270485
    Schriftenreihe: ETLA raportti ; 127
    Schlagworte: Public debt; Economic growth; Literature review
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  15. Public debt and welfare in a quantitative Schumpeterian growth model with incomplete markets
    Autor*in: Cozzi, Marco
    Erschienen: [2022]
    Verlag:  University of Victoria, Economics, [Victoria, B.C.]

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    Schriftenreihe: Department discussion paper] / University of Victoria ; DDP 2006
    Schlagworte: Public debt; Heterogeneous Agents; Incomplete Markets; Endogenous Growth; Welfare
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  16. The commitment benefit of consols in government debt management
    Autor*in: Debortoli, Davide; Nunes, Ricardo; Yared, Pierre
    Erschienen: [2021]
    Verlag:  BSE, Barcelona School of Economics, [Barcelona]

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    Auflage/Ausgabe: Revised: October 2021
    Schriftenreihe: BSE working paper ; 1254
    Schlagworte: Public debt; optimal taxation; fiscal policy
    Umfang: 1 Online-Ressource (circa 21 Seiten)
  17. The commitment benefit of consols in government debt management
    Autor*in: Debortoli, Davide; Nunes, Ricardo; Yared, Pierre
    Erschienen: [2021]
    Verlag:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

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    Auflage/Ausgabe: Updated version: October 2021
    Schriftenreihe: Economics working paper series ; no. 1781
    Schlagworte: Public debt; optimal taxation; fiscal policy
    Umfang: 1 Online-Ressource (circa 21 Seiten)
  18. Monetary and fiscal policy in a nonlinear model of public debt
    Autor*in: Bischi, Gian Italo; Giombini, Germana; Travaglini, Giuseppe
    Erschienen: [2022]
    Verlag:  Università degli studi di Urbino "Carlo Bo", Facoltà di economia, [Urbino]

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    Schriftenreihe: Working papers series in economics, mathematics and statistics ; # 2022, 01
    Schlagworte: Public debt; Interest rate; Instability; Chaos
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  19. Julkinen velka ja tuottavuus-kasvu yksityisten investointien näkökulmasta
    Autor*in: Puonti, Päivi
    Erschienen: 16.8.2022
    Verlag:  Taloustieto Oy, Helsinki

    Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak, the government is likely to compensate the shortage of tax revenues with debt. The aim of this research is to study the connection... mehr

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    Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak, the government is likely to compensate the shortage of tax revenues with debt. The aim of this research is to study the connection between public indebtedness and productivity growth from the point of view of private investment. According to existing economic research, public debt crowds out private investment slowing down both economic and productivity growth. Our statistical analysis suggests that public debt crowds out private investment and hampers economic growth in Finland, as the share of the corporate sector in the economy decreases with the increase in public indebtedness. Public debt boosts public investment in addition to other expenditure categories, resulting in a leverage effect of private investment in the medium term. This crowding in effect compensates for the negative growth impact of crowding out. The impact occurs at business-cycle frequencies rather than in the long run. This is likely due to the relatively small share of public R&D investment.

     
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    Sprache: Finnisch
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    Weitere Identifier:
    hdl: 10419/270488
    Schriftenreihe: ETLA raportti ; 130
    Schlagworte: Public debt; Private investment; Productivity; Crowding out
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  20. A journey in the history of sovereign defaults on domestic law public debt
    Autor*in: Erce, Aitor; Mallucci, Enrico; Picarelli, Mattia
    Erschienen: [2021]
    Verlag:  UPNA, Universidad Pública de Navarra, [Pamplona]

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    Schriftenreihe: Working paper / Universidad Pública de Navarra, Departamento de Economía ; D.T. 2106
    Schlagworte: Public debt; sovereign default; domestic law; database
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  21. Do higher public debt levels reduce economic growth?
    Autor*in: Heimberger, Philipp
    Erschienen: 2021
    Verlag:  Hans-Böckler-Stiftung, Düsseldorf

    While the effect of higher public debt levels on economic growth has received much attention, the literature partly points to contradictory results. This paper applies meta-regression methods to 826 estimates from 48 primary studies. The unweighted... mehr

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    While the effect of higher public debt levels on economic growth has received much attention, the literature partly points to contradictory results. This paper applies meta-regression methods to 826 estimates from 48 primary studies. The unweighted mean of the reported results suggests: a 10 percentage points increase in public-debt-to-GDP is associated with a decline in annual growth rates by 0.14 percentage points, with a 95% confidence interval from 0.10 to 0.18 percentage points. However, we cannot reject a zero effect after correcting for publication bias. Furthermore, the meta-regression analysis shows that tackling endogeneity between public debt and growth makes estimates lean less towards the negative side. In testing for non-linear effects, our results do not point to a universal public-debt-to-GDP threshold beyond which growth slows: threshold estimates are sensitive to data and econometric choices. These findings imply a lack of evidence of a consistently negative growth effect of higher public-debt-to-GDP.

     
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    hdl: 10419/270472
    Schriftenreihe: FMM working paper ; Nr. 74 (November 2021)
    Schlagworte: Public debt; economic growth; meta-analysis
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  22. 30 years of generational accounting
    a critical review
    Autor*in: Westerhout, Ed W. M. T.
    Erschienen: 26 August 2022
    Verlag:  CentER, Tilburg University, [Tilburg]

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    Schriftenreihe: Discussion paper / CentER ; no. 2022, 021
    Schlagworte: General Accounting; Public debt; Fiscal Sustainability; Sustainability Gap
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  23. Public debt sustainability in the West African Monetary Zone
    Autor*in: Egbuna, Ngozi Eunice; John-Sowe, Maimuna; Kargbo, Santigie M.; Bawa, Sani; Diallo, Ibrahima; Abubakari, Hissan; Odeniran, Olukayode S.; Mendy, Isatou; Sambola, Eric; Adams, Kormay
    Erschienen: December 2019
    Verlag:  West African Monetary Institute, [Accra, Ghana]

    WAMZ countries have accumulated high levels of public debt less than two decades after the massive debt forgiveness effected under the Highly Indebted Poor Countries (HIPC) initiative. This has raised sustainability concerns as rising debt levels... mehr

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    WAMZ countries have accumulated high levels of public debt less than two decades after the massive debt forgiveness effected under the Highly Indebted Poor Countries (HIPC) initiative. This has raised sustainability concerns as rising debt levels have the potential to create negative spillover effects and derail the macroeconomic convergence process in the Zone. This study examines the response of WAMZ countries to increases in public debt levels. Utilizing pooled OLS and panel fixed effects (FE) on annual data covering the period 2000 - 2018, the study shows positive response of primary balance to changes in the debt to output ratio across WAMZ countries, indicating that public debt were sustainable during the period. Results from the Panel Smooth Transition Regression (PSTR) model indicate significant positive non-linear response of primary balance to increases in the debt ratio below a threshold debt-to-GDP ratio of 90 percent. The study recommends the continuation of fiscal consolidation efforts aimed at enhancing revenue and rationalizing unproductive expenditures in all Member States.

     
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    Schriftenreihe: WAMI occasional paper series ; no. 17
    Schlagworte: Public debt; primary balance; Panel Smooth Transition Regression; WAMZ
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  24. A journey in the history of sovereign defaults on domestic-law public debt
    Autor*in: Erce, Aitor; Mallucci, Enrico; Picarelli, Mattia
    Erschienen: [2022]
    Verlag:  ESM, Luxembourg

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    ISBN: 9789295223141
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    Schriftenreihe: Working paper series / European Stability Mechanism ; 51 (2022)
    Schlagworte: Public debt; sovereign default; domestic law; database
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  25. Permanent primary deficits, idiosyncratic long-run risk, and growth
    Autor*in: Amol, Amol; Luttmer, Erzo Gerrit Jan
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of Minneapolis, Minneapolis, MN

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    Schriftenreihe: Working paper / Research Division, Federal Reserve Bank of Minneapolis ; no. 794 (November 2022)
    Schlagworte: Long-run idiosyncratic risk; Incomplete markets; Endogenous growth; Public debt
    Umfang: 1 Online-Ressource (circa 70 Seiten)