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Persistent link: https://www.econbiz.de/10005440462
EMU countries have engaged in a consolidation of fiscal policies since 2011. This paper deals with the public debt and output dynamic consequences of this strategy. To thisend, we develop a simple macroeconomic modelof the Euro area, where fiscal multipliers time-varying. Recent empirical...
Persistent link: https://www.econbiz.de/10010903094
This paper aims at investigating first the (possibly time-varying) empirical relationship between the level and conditional variances of price and financial stability, and second, the effects of macro and policy variables on this relationship in the United States and the Eurozone. Three...
Persistent link: https://www.econbiz.de/10010903100
Persistent link: https://www.econbiz.de/10005792615