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generate optimal policies that resemble "austerity" measures. Optimal policy prescribes front-loaded fiscal consolidations and …
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The paper discusses the impact of austerity policy on economic performance in the eurozone countries after the global … observed in many economies, especially in the South Europe. The implemented austerity policy under the external pressure not … increasing public debt. Based on the literature and empirical findings, the issue of austerity policy and its potential …
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