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Mit dem großen Hebel für mehr Investitionen: ökonomische Bewertung des Juncker-Plans

Author

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  • Matthias Diermeier
  • Michael Hüther

Abstract

The global financial and economic crisis has starkly unsettled private investors. An investment plan recently initiated by the president of the EU Commission, Jean-Claude Juncker, is supposed to bring private investors back into the market. Through the assumption of partial risk, the investment plan targets a leverage ratio of 15, multiplying the fund’s 21 billion euro equity with private investments. The authors question the Commission’s economic reasoning behind the initiative. In fact, investors’ uncertainties seem to accurately reflect market risks rather than indicating a market failure. The investment plan’s motivation is based on erroneous economic reasoning. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Matthias Diermeier & Michael Hüther, 2015. "Mit dem großen Hebel für mehr Investitionen: ökonomische Bewertung des Juncker-Plans," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(5), pages 334-341, May.
    • Handle: RePEc:spr:wirtsc:v:95:y:2015:i:5:p:334-341
    DOI: 10.1007/s10273-015-1828-5
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    Citations

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    Cited by:

    1. Stolzenburg, Ulrich, 2015. "Die EU-Investitionsoffensive: Konjunkturimpuls oder Luftnummer?," Kiel Policy Brief 96, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    E22; E61; E62;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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