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, which justifies tight debt constraints. In particular, a balanced budget policy stabilizes the economy under cost …
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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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We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
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vorherrschenden Grad an Unsicherheit in einer Volkswirtschaft zusammenhängen. Anhand von US Nachkriegsdaten und einem SEIVAR finden …
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