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This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
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economy trilemma between capital mobility, democracy and sovereignty; 4. The Financial stability trilemma between capital …
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This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies--the elephant in...
Persistent link: https://www.econbiz.de/10012481056
Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four …, and the changing international economy. The central focus across the chapters is the well-known alternations to national … economy, while not omitting reference to the 1930s. The essays consider whether New Deal-style legislation continues to …
Persistent link: https://www.econbiz.de/10013042247
This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies—the elephant in...
Persistent link: https://www.econbiz.de/10012906267
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