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feedback loops and can significantly shape macroeconomic reality in the short-to-medium run. We apply an adapted export … trajectories reflected in divergent export competitiveness and lack of equilibrating mechanisms. Specifically, the model is tested … majority of the countries examined, this feedback mechanism - comprising price-sensitive exports and export demand affecting …
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The focus of this volume is on the European context of public budget policy and a variety of different approaches are used - theoretical modelling, econometrics and applied general equilibrium modelling. Empirical evidence and case studies of European countries are contained in all the papers....
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