Verfügbarkeit: Das Public Kapital

Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?

Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional spillo...

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1. Verfasser:	Elekdag, Selim (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2014
Schriftenreihe:	IMF Working Papers: Working Paper No. 14 / 227
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional spillovers. While time-to-build delays can weaken the impact of the stimulus in the short-run, the expansionary effects of higher public investment are substantially strengthened with an accommodative monetary policy stance�as is typical during periods of economic slack. The current low-interest rate environment presents a window of opportunity to finance higher public investment at historically favorable rates
Beschreibung:	1 Online-Ressource (45 p)
ISBN:	1498329934 9781498329934

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spelling	Elekdag, Selim Verfasser aut Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area? Elekdag, Selim Washington, D.C International Monetary Fund 2014 1 Online-Ressource (45 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 14 / 227 Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional spillovers. While time-to-build delays can weaken the impact of the stimulus in the short-run, the expansionary effects of higher public investment are substantially strengthened with an accommodative monetary policy stance�as is typical during periods of economic slack. The current low-interest rate environment presents a window of opportunity to finance higher public investment at historically favorable rates Online-Ausg Muir, Dirk Sonstige oth http://elibrary.imf.org/view/IMF001/22196-9781498329934/22196-9781498329934/22196-9781498329934.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Elekdag, Selim Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area?
title	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area?
title_auth	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area?
title_exact_search	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area?
title_exact_search_txtP	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area?
title_full	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area? Elekdag, Selim
title_fullStr	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area? Elekdag, Selim
title_full_unstemmed	Das Public Kapital How Much Would Higher German Public Investment Help Germany and the Euro Area? Elekdag, Selim
title_short	Das Public Kapital
title_sort	das public kapital how much would higher german public investment help germany and the euro area
title_sub	How Much Would Higher German Public Investment Help Germany and the Euro Area?
url	http://elibrary.imf.org/view/IMF001/22196-9781498329934/22196-9781498329934/22196-9781498329934.xml
work_keys_str_mv	AT elekdagselim daspublickapitalhowmuchwouldhighergermanpublicinvestmenthelpgermanyandtheeuroarea AT muirdirk daspublickapitalhowmuchwouldhighergermanpublicinvestmenthelpgermanyandtheeuroarea

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