WU Vienna University of Economics and Business, College of Charleston - School of Business, University of Fribourg - Faculty of Economics and Social Science, Federal Reserve Bank of Boston, CREMA, Central European University - IRES Department, University of Twente, Walter Eucken Institut, University of Haifa, Independent, Panjab University - Department of Economics, affiliation not provided to SSRN, University of Delhi - Institute of Economic Growth (IEG), University of Innsbruck - Department of Public Finance, Tilburg University, CentER, European Commission, Justus Liebig Universität Giessen and Canara Bank