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Following the expenditure cuts decided upon by the German federal government in spring 1996, the impact of fiscal policy on the business cycle is investigated. The impulse given by fiscal policy is measured by the change of the structural general government budget surplus/deficit. It turned out...
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geblieben und die Konjunktur dürfte mit viel Schwung in das Jahr gestartet sein. Die Situation auf dem Arbeitsmarkt dürfte …
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