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Persistent link: https://www.econbiz.de/10005706636
We argue that the fiscal policies adopted early in World War I by the U.K. were responsible for its poor economic performance during the interwar period. In September 1915, the U.K. embarked on a set of non-tax-smoothing policies collectively known as the McKenna rule. The key dictum of the...
Persistent link: https://www.econbiz.de/10005132696
This paper presents an alternative approach to understand the role of insurer in an economy with incomplete market …
Persistent link: https://www.econbiz.de/10005706246
This paper presents an open economy DSGE model, which is estimated on a euro area data set using Bayesian techniques … economy? And second, what has been the size of fiscal shocks and how much have they increased the volatility of GDP growth and …
Persistent link: https://www.econbiz.de/10005706261