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This study was prepared by Nina Czernich while she was working with the Ifo Institute for Economic Research.It was completed in December 2010 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. The study addresses the question whether the emergence of...
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explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the … to react to the state of the economy, is rejected. …
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