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This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
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, Sweden, served as an outlier. It restricted the spread of the virus primarily through voluntary measures rather than strict … lockdowns. In this study, we compare the health and economic outcomes in Sweden with those of comparable Western European …, Sweden managed to combine one of the lowest excess death rates with relatively small economic costs. Furthermore, Sweden …
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Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
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