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This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...
Persistent link: https://www.econbiz.de/10009635879
Persistent link: https://www.econbiz.de/10011287844
Persistent link: https://www.econbiz.de/10011287845
fulfil their obligations under Article 24 and Article 25. In accordance with Article 16(2) of the ESMA Regulation, this paper …
Persistent link: https://www.econbiz.de/10011374902
Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
Persistent link: https://www.econbiz.de/10009668590