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In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro area. In the present paper we focus on the particular...
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Since the start of the European Monetary Union fiscal policy in the Euro area has been dominated by the Stability and Growth Pact (SGP). Quite obviously the SGP has been unsuccessful in fulfilling its goals, fiscal sustainability and supporting economic growth. More and more countries have...
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This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per … growth rates in poor receiving regions decline by less than in rich paying regions. EU structural and cohesion funds spent …
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critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …
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