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, which justifies tight debt constraints. In particular, a balanced budget policy stabilizes the economy under cost …
Persistent link: https://www.econbiz.de/10014063135
The COVID-19 pandemic forced much of the world to adapt suddenly to severe restrictions. In this study, we attempt to quantify the impact of the pandemic on student performance in higher education. To collect data on important covariates, we conducted a survey among first-year students of...
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, which justifies tight debt constraints. In particular, a balanced budget policy stabilizes the economy under cost …
Persistent link: https://www.econbiz.de/10011346485
This paper examines the role of the monetary instrument choice for local equilibrium determinacy under sticky prices and different fiscal policy regimes. Corresponding to Benhabib et al.'s (2001) results for interest rate feedback rules, the money growth rate should not rise by more than one for...
Persistent link: https://www.econbiz.de/10011348705
open the economy is. If the government cannot borrow from abroad in its own currency, stability requires interest rate …
Persistent link: https://www.econbiz.de/10011349206
rates in an economy in which taxation is either lump-sum or distortionary. Under lump-sum taxation, we confirm the well …
Persistent link: https://www.econbiz.de/10003250411
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