Arbeitspapier
Private Debt and GDP: A Short-Run Perspective
Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short-run too. Our aim is to understand whether policy measures aimed to reduce the cost of private debt may favor a quick increase of the economic activity.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 6201
- Classification
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Economywide Country Studies: U.S.; Canada
Economywide Country Studies: Europe
Financial Markets and the Macroeconomy
- Subject
-
private debt
GDP
short-run
VAR
- Event
-
Geistige Schöpfung
- (who)
-
Cafiso, Gianluca
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cafiso, Gianluca
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2016
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