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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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open the economy is. If the government cannot borrow from abroad in its own currency, stability requires interest rate …
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, which justifies tight debt constraints. In particular, a balanced budget policy stabilizes the economy under cost …
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