Michael Stiefel studied economics at the Universities of Mannheim, Warwick and Toulouse. He holds a PhD in economics from the University of Zurich.
VoxEU Column
Growing like Germany: How high local public debt and local public banks crowd out private investment – and what the debt brake has to do with it
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- Monetary Policy ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Financial Markets