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This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...
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share ownership) at the industry and economy level. Starting point is the analysis of existing unemployment with regards to … original causes and the reasons for persistency.The conclusion is that existing unemployment can be explained by several … theories and may be divided into various A major part of the unemployment can be explained by unflexible, exzessive real wages …
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