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thus also discussed as blueprint in the debates about fiscal rules in Germany, the European Union member states and Israel …
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thus also discussed as blueprint in the debates about fiscal rules in Germany, the European Union member states and Israel …
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We provide a systematic analysis of fiscal consolidation in a dynamic general equilibrium model with a detailed government sector and a share of credit-constrained households. We simulate permanent cuts in government consumption, government investment, and transfer payments as well as permanent...
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