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fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …
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would cause a fiscal impact of -0.41% of GDP on average between 2023-50, which is lower than the financial benefits on … households and firms: 1.49% of GDP. We show that a combination of tax adjustments would eliminate the fiscal impact while …
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This paper documents the extension of MEDSEA, a small open economy DSGE model for Malta, with a detailed energy sector. The model contains relatively rich fiscal and energy blocks allowing the model to simulate the transitional costs related to the economy's decarbonisation, together with the...
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