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This paper uses the long-dated multicountry historical data on public debt and per capita real GDP to investigate the link between public debt and real output from a long-horizon perspective. Covering 25 developed and developing countries over two centuries, we have found that the debt-to-GDP...
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model calibrated to the Euro Area (EA) and where monetary policy is conducted subject to the numerical rules of the …
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Union (EMU) ; Euro ; seignorage ; seignorage pooling ; seignorage change ; pool bias …
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There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but … investigate how joining the Eurozone will affect the business cycle behaviour of the main macroeconomic variables in Poland. We … find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the …
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