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a unified manner. It is in the interest of neither the EU nor Germany for Turkey to become politically and economically …Turkey is at risk of descending into autocracy. That risk persists even though the resistance put up by the opposition … state. The complete autocratisation of Turkey can be prevented only if opposition resistance receives broad and consistent …
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Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a...
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