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As part of the postwar settlement, and especially since the 1960s, small European democracies instituted many entitlement programs and redistributive income policies. Each country has responded differently, however, to the economic stagnation that followed the turmoil in world trade and monetary...
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countries (CEECs) can potentially enhance the credibility of their governments' policies through institutional integration with … the EU. The paper discusses the credibility problems faced by the CEECs and shows how EU membership will enhance the … institutional setting and the governments' credibility. Based on regression results between an indicator of institutional change and …
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