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the law, and economic freedom. In particular, an increase in spending on law and order seems to improve the indicators of …
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-thirds of the cumulative current account surpluses of all the world’s surplus countries. Summers thinks that such a unique …
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The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
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