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swaps (CDS) for a panel of 36 countries including the Eurozone. We find that austerity practice generally leads to an …
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In this paper we analyse the effects of all sources of the accumulation of nonfinancial debt (household, corporate as well as government) on economic growth in ten euro-area countries during the 1980-2015 period. To this end, we make use of three models (a baseline, an asymmetric and a threshold...
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