Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247832 
Title (translated): 
Growth and debt effects of a credit-financed public investment offensive
Year of Publication: 
2021
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 101 [Issue:] 9 [Publisher:] Springer [Place:] Heidelberg [Year:] 2021 [Pages:] 700-705
Publisher: 
Springer, Heidelberg
Abstract: 
Öffentliche Investitionen stehen ganz oben auf der wirtschaftspolitischen Agenda in Deutschland. Simulationen mit dem makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes Investitionsprogramm nach spätestens 30 Jahren selbst finanzieren würde. In der Zwischenzeit würden Wirtschaftsleistung und private Investitionstätigkeit deutlich kräftiger ausfallen als ohne solch eine Initiative.
Abstract (Translated): 
Simulations of a deficit-financed public investment programme in Germany amounting to €460 billion over ten years in the macroeconomic model NiGEM show that it will finance itself in 30 years at most, even under conservative model assumptions. In the basic version of the model, GDP is 3 % to 4 % above the baseline in the long run. Additionally, private investment is stimulated and rises by 4 % to 5 % above the baseline. These effects are amplified when an increase in the productivity of the private capital stock due to improved public infrastructure is taken into account.
JEL: 
C5
E6
H5
H6
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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