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We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the …
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Countries with high debt loads are vulnerable to an adverse feedback loop in which doubts by lenders lead to higher sovereign interest rates which in turn make the debt problems more severe. We analyze the recent experience of advanced economies using both econometric methods and case studies...
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The paper addresses first the question of sustainability of debt growth by examining the behavior of taxation implied …
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This book explores the diverse challenges facing the EU and in particular examines the impediments to financial … coordination of macroeconomic policies and the scope for reforms in EMU design and EU governance. In this context, the proposals in … crisis? -- Moving on Towards a Workable Climate Regime -- Innovation, Inequality and Growth -- Inside the EU Economic Space …
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