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'Rust in peace': Why are Germany’s bridges and schools falling apart?Oliver HoltemöllerThe Guardian, June 3, 2025
A growing recent literature relies on a precautionary pricing motive embedded in representative agent DSGE models with sticky prices and wages to generate negative output effects of uncertainty shocks.
This paper revisits the question about the role of culture for comparative development differences by considering heterogeneity in patience as a central factor.
