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Blanchard and Perotti (2002) for the identification of government spending shocks is that the multiplier is significant and not … choice of the sample. Moreover, using a time-varying SVAR model, our main findings are (1) that the multiplier did not evolve … multiplier, partly linked to a more aggressive monetary policy since the 1990s. We do not find evidence of an increase of the …
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The study looks at primary expenditure developments in the euro area, its three largest members and four "macro-imbalances" countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
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budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public …
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