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This study examines the business cycle behaviour of public consumption and its main components; the public wage bill (including compensation per employee and public employment) and intermediate consumption in the euro area aggregate, euro area countries and a group of selected non-euro area OECD...
Persistent link: https://www.econbiz.de/10013317084
followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt …
Persistent link: https://www.econbiz.de/10013136395