Abstract:

Public investment, Germany, Euro Area, Demand, Economic growth, Capital productivity, Fiscal policy, Monetary policy, Econometric models, monetary policy accommodation, time-to-build delays, fiscal stimulus, public capital, exchange rate, public consumption, interest rates, government consumption, real interest rates, government spending, fiscal rules, public spending, international monetary fund, monetary union, structural deficit, fiscal policies, monetary economics, price stability, fiscal deficit, economic stabilization, public investment spending, fiscal adjustment, budget constraint, real exchange rate, public debt, monetary authority, central bank, fixed exchange rate, government budg