Teulings, Coen N. - In: IZA journal of European Labor Studies 3 (2014) 20, pp. 1-19
Since the beginning of the financial crisis in 2008, the Dutch economy lost 6% of gdp relative to Germany, even though the Netherlands (unlike the GIPSI countries) did not face serious problems to finance its sovereign debt. This bad performance is explained by the interaction of fiscal policy...
