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The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
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seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary … source of the Eurozone crisis -- The stock-flow quandry of the EMU -- European and global inability to deal with external …
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