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Since the financial crisis in 2008-09, concern over the sustainability of some EU countries’ sovereign debt has … required per country for debt sustainability. …
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The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fiscal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within...
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steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging …
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A number of tools have been suggested for solving the European sovereign debt crisis, in particular the options of leveraging the EFSF/ESM, introducing Eurobonds and a European Troubled Asset Relief Programme (Euro-TARP). However, it is unclear how these instruments will work, given jittery...
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Those economists who expected the increasing US budget deficits in recent years to have a negative impact on private … interrelation between public sector deficits and private capital expenditures. …
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