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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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spending) to stimulate the economy as intended. The book is intended to be the largest scale scientific test ever performed on … this topic. It includes about 800 separate statistical tests on the U.S. economy testing different parts or all of the … whether other changes in loanable funds, occurring because of natural changes in the economy or the savings rate can also …
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