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Private debt and macroeconomic stability

(2017)
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(UGent)
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Abstract
This thesis is a collection of four papers. The first three papers analyze how the effectiveness of government spending shocks (measured by the so-called government spending multiplier) might differ according to the state of the economy and, in particular, in periods characterized by high degrees of private indebtedness. The last paper, instead, investigates the relation between private and public debt dynamics in good times and private and public spending in times of crisis.
Keywords
debt overhang, debt buildup, government spending multiplier, local projections, vector autoregressions, state-dependent coefficients, time-varying coefficients

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Citation

Please use this url to cite or link to this publication:

Chicago
Bernardini, Marco. 2017. “Private Debt and Macroeconomic Stability”. Gent, Belgium: Ghent University. Faculty of Economics and Business Administration.
APA
Bernardini, M. (2017). Private debt and macroeconomic stability. Ghent University. Faculty of Economics and Business Administration, Gent, Belgium.
Vancouver
1.
Bernardini M. Private debt and macroeconomic stability. [Gent, Belgium]: Ghent University. Faculty of Economics and Business Administration; 2017.
MLA
Bernardini, Marco. “Private Debt and Macroeconomic Stability.” 2017 : n. pag. Print.
@phdthesis{8541461,
  abstract     = {This thesis is a collection of four papers. The first three papers analyze how the effectiveness of government spending shocks (measured by the so-called government spending multiplier) might differ according to the state of the economy and, in particular, in periods characterized by high degrees of private indebtedness. The last paper, instead, investigates the relation between private and public debt dynamics in good times and private and public spending in times of crisis.},
  author       = {Bernardini, Marco},
  language     = {eng},
  pages        = {194},
  publisher    = {Ghent University. Faculty of Economics and Business Administration},
  school       = {Ghent University},
  title        = {Private debt and macroeconomic stability},
  year         = {2017},
}