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Business Cycles and Macroeconomic Stability : Should We Rebuild Built-in Stabilizers?

Hairault, Jean-Oliver (ed.); Hénin, Pierre-Yves (ed.); … - 1997

The future of built-in stabilizers is currently a matter of concern due to the various challenges arising from the processes of fiscal consolidation, international integration and the reflux from the welfare state. The book gathers relevant material for assessing the issue from both theoretical...