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Wage inequality in Portugal has increased over the last thirty years, with two distinct periods. The period from 1984 … to the mid-90s witnessed strong increases in both upper- and lower-tail inequality. A shortage of skills combined with … skill-biased technological changes were at the core of this evolution. Since the mid-90s, lower-tail inequality has …
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This paper studies the sustainability of fiscal policy for selected Euro-area countries. We focus on those countries that either have a high debt to GDP ratio (Italy) or have recently violated the Maastricht treaty by permitting more than three percent of the deficit to GDP ratio (France,...
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Despite achieving a rapid reduction in the public debt-to-GDP ratio in recent years, Portugal's debt ratio remains relatively high at 113.9 percent of GDP in end-2022. This paper employs an analytical model to determine the appropriate trajectory for structural consolidation to sustain ambitious...
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