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This paper introduces a concern for model misspecification in a Lucas-Stokey optimal fiscal policy setting. The representative household in this economy is endowed with the knowledge of a reference model for the government spending process but acknowledges that this model is potentially...
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Chapter 1. From Pandemics to the Unconventional Monetary Policy in EMs: The Case of Croatia -- Chapter 2. Financial … Union -- Chapter 3. Fiscal Response to the COVID-19 Shock in Croatia -- Chapter 4. The Impact of Financial Integration on … Sectoral Polarization Between Croatia and Eurozone Countries -- Chapter 5. Foreign-Owned Banks and Real Estate Markets in …
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Corona-Gesundheitsschock – Seuchengefahr für die Menschheit -- Weltweite Wirtschaftsinstabilität -- Risiko der Euro-Zerfallsdynamik und EU-Aspekte -- Impfförderungsaufgaben und Kooperation sowie globale Führungsfragen.
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This study leverages the unique opportunities presented by the digitization of economic activity to investigate the …
Persistent link: https://www.econbiz.de/10014383937
This paper studies the design of optimal fiscal policy when a government that fully trusts the probability model of government expenditures faces a fearful public that forms pessimistic expectations. We identify two forces that shape our results. On the one hand, the government has an incentive...
Persistent link: https://www.econbiz.de/10003914615