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baseline scenario, the projected public debt ratio reduction in Italy and Spain is too slow and does not meet the European …
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This paper reviews developments in the Cypriot economy following the introduction of the euro on 1 January 2008 and leading to the economic collapse of the island five years later. The main cause of the collapse is identified with the election of a communist government in February 2008, within...
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This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both … and Spain generally exhibit a positive relationship between government revenues and debt. Using Markov …
Persistent link: https://www.econbiz.de/10003633561
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such as Ireland or Spain. However, fiscal policy can and should be used to achieve the same effect. This paper shows that … the advent of EMU relaxed existing financial constraints in Ireland and Spain, allowing a more rapid expansion of the …
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