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the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …
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reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the …
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reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the …
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