Nonfinancial debt and economic growth in euro-area countries

•We study the effects of nonfinancial debt on economic growth in EMU countries.•We analyze whether the relationship differs according to the source of debt.•We examine potential heterogeneities in the relationship across countries.•Our findings suggest that private debt is especially harmful in peri...

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Veröffentlicht in:Journal of international financial markets, institutions & money institutions & money, 2018-09, Vol.56, p.17-37
Hauptverfasser: Gómez-Puig, Marta, Sosvilla Rivero, Simón, 1961
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Sprache:eng
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