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Zur Bekämpfung der Finanzkrise haben Zentralbanken und Regierungen eine Menge Geld in die Wirtschaft gepumpt. Wenn die …
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We provide a systematic analysis of fiscal consolidation in a medium-scale dynamic general equilibrium model. Our results show that the choice of the consolidation instrument is very important, not only with respect to the short- and long-run output effects of the different consolidation...
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