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, Hitler, a world war, then a Korean war were all needed to make the fiscal stimulus mighty enough to restore US employment …
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In this paper, we study the role of institutional quality in the cyclicality of macroeconomic policies of transition economies. Using annual data over 1996-2013, we find that the quality of institutions play a significant role in their ability to carry out counter-cyclical macroeconomic policy....
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The paper re-investigates the effects of government spending shocks on the real exchange rate and inflation. In …
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