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Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards …, as well as a fundamental transformation of the party system. By contrast, in Portugal, where parties relied less on …
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three percent of the deficit to GDP ratio (France, Germany, and Portugal). We apply an approach developed by Bohn who …
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Greece, Portugal, Spain and Ireland for 1980-1999. We find that an improvement in the net lending position of the government …
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