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In the European Union, the creation of public debt statistics starts with member state governments' reports. The EU …
Persistent link: https://www.econbiz.de/10012964772
We assess the role of national fiscal policies, as automatic stabilizers, within a monetary union. We use a two-country New Keynesian DGE model which incorporates non-Ricardian consumers (as in Gali et al. 2004) and a home bias in the composition of national consumption bundles. We find that...
Persistent link: https://www.econbiz.de/10013317638