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Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring market confidence, bringing about a reduction in yield...
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Union. In the Northern periphery of the EU, the different monetary regime choices of Finland and Sweden have created a … fared somewhat better than Finland in the EMU period. We assess the effects of the regime choice by simulating the behaviour … global shock on Sweden. The different monetary regimes cannot, however, explain the growth gap between Sweden and Finland …
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