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conflict between long run gains and short run costs, and to allow for reforms of distortionary taxation. We also extend the …
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Most people accept that structural and labour market reforms are needed in Europe. However few have been undertaken. The usual conjecture is that reforms are costly in economic performance and costly to finance. Blanchard and Giavazzi (2003) and Spector (2004) develop a general equilibrium model...
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conflict between long run gains and short run costs, and to allow for reforms of distortionary taxation. We also extend the …
Persistent link: https://www.econbiz.de/10003631584
conflict between long run gains and short run costs, and to allow for reforms of distortionary taxation. We also extend the …
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