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of the fiscal and generational imbalances would require all taxes to go up and all transfers to be cut immediately and …
Persistent link: https://www.econbiz.de/10009019573
The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract their stimulus measures in an effort to regain market confidence. Using regime-switching VARs we...
Persistent link: https://www.econbiz.de/10011142067