Das Public Kapital : How Much Would Higher German Public Investment Help Germany and the Euro Area? »
Series: IMF Working Papers
Author(s): Selim Elekdag , and Dirk Muir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 December 2014
Keywords: monetary policy accommodation, time-to-build delays, fiscal stimulus, public capital, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics, International Policy Coordination and Transmission,
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 woul...