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The focus of our study is on determining whether unemployment rates in 8 New Industrialized Economies conform to the … findings and confirms hysteresis in all unemployment rates except for Asian economies/countries of Thailand and the Philippines. …
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The fiscal consolidation efforts of Spain, Italy, and Portugal from 2010 to 2014 did not achieve their goal of reducing the debt-to-GDP ratio in any of the three countries. This Economic Bulletin examines why the spending cuts and tax increases, at times drastic, were unsuccessful and...
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