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Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed after the Maastricht Treaty came into force. Recently Giavazzi, Jappelli and Pagano (2000) found evidence that national saving responds nonlinearly to fiscal policy...
Persistent link: https://www.econbiz.de/10011474247
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Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed after the Maastricht Treaty came into force. Recently Giavazzi, Jappelli and Pagano (2000) found evidence that national saving responds nonlinearly to fiscal policy...
Persistent link: https://www.econbiz.de/10014064008
Persistent link: https://www.econbiz.de/10013261132
Persistent link: https://www.econbiz.de/10010528206
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Persistent link: https://www.econbiz.de/10011844245
analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income … substitutes. Long-run effects of income growth and public saving are larger in the EU than in the candidate countries, indicating …
Persistent link: https://www.econbiz.de/10011438969
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