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Sweder van Wijnbergen

Professor · University of Amsterdam

Professor in the Macro and International Economics section at the University of Amsterdam; works on fiscal, monetary and exchange rate policy, development, open economy macroeconomics and transition economics.

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Online First Journal of Money, Credit and Banking Online 23 Jun 2025

Financial Fragility and the Fiscal Multiplier

Christiaan van der Kwaak · Sweder van Wijnbergen

Does fiscal stimulus still work when it is financed through a banking system that is undercapitalized and holds large quantities of risky domestic government bonds? This was a first-order policy …

Fiscal Policy Banking Credit Financial Markets Macro Dynamics Free Read ↗