Public Investment (Veld)

Public investment stimulus in surplus countries and their euro area spillovers by Jan in ‘t Veld published by European Commission (8/2016). “This note describes model simulations that broadly confirm the view that at the current juncture, with monetary policy constrained by the zero interest rate floor, a debt-financed increase in government investment in surplus countries will have positive GDP spillovers to the rest of the euro area…”

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