VoxEU Column Growing like Germany: How high local public debt and local public banks crowd out private investment – and what the debt brake has to do with it Mathias Hoffmann Iryna Stewen Michael Stiefel 22 May 2021 Monetary Policy Financial Markets Public debt Banks Private investment debt brake Germany
VoxEU Column Public debt and private investment Yi Huang Ugo Panizza Richard Varghese 4 Dec 2019 Financial Regulation and Banking Industrial organisation Macroeconomic policy Public debt Private investment Credit constraints public sector borrowing
VoxEU Column Crowding out risk: Sovereign debt, banks, and firms’ investment in Italy Pierluigi Balduzzi Emanuele Brancati Fabio Schiantarelli 9 Nov 2018 Europe's nations and regions Financial Markets Macroeconomic policy Sovereign debt Sovereign debt crisis Eurozone crisis Private investment Crowding out Bank of Italy Credit default swap Government bonds Fiscal policy fiscal expansion
VoxEU Column Public debt and private investment in China Yi Huang Marco Pagano Ugo Panizza 3 Nov 2016 Financial Markets Industrial organisation Public debt Private investment China Crowding out local government debt Manufacturing Fiscal stimulus Global financial crisis
VoxEU Column Explaining the dearth of private investment Aqib Aslam Samya Beidas-Strom Daniel Leigh Seok Gil Park Hui Tong 18 Apr 2015 Global crisis Private investment Investment dearth Uncertainty investment
Discussion paper DP6954 Harnessing Windfall Revenues in Developing Economies: Sovereign Wealth Funds and Optimal Tradeoffs Between Citizen Dividends, Public Infrastructure and Debt Reduction Frederick van der Ploeg Anthony Venables 23 Sep 2008 Asset holding subsidy Credit constraints Debt management Developing economies Optimal fiscal policy Private investment Public infrastructure Risk premium on foreign debt Sovereign wealth fund Windfall public revenues Development Economics International Macroeconomics E60 F34 F35 F43 H21 H63 O11 Q33
Discussion paper DP1378 On the Ineffectiveness of Tax Policy in Altering Long- Run Growth: Harberger's Superneutrality Conjecture GIAN MARIA MILESI-FERRETTI Enrique Mendoza Patrick Asea 30 Apr 1996 Endogenous growth Private investment Tax rate estimates Tax structure International Macroeconomics E6 E62 O4 O5
Discussion paper DP1284 Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience Francesco Giavazzi Marco Pagano 30 Nov 1995 Fiscal policy Private consumption Private investment Public consumption Public debt Public deficit Stabilization International Macroeconomics E21 E22 E62 E63 E65
