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This paper reviews and summarizes the literature that has concentrated on budget consolidations and their fiscal and … share of the previous work finds that large negative effects do not necessarily have to prevail. Whether these reversed …
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This thesis was written by Jakob Eberl while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2015 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2016. The...
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awarded to municipalities with many core supporters of the incumbent state government. In Chapter 4, a test on explosive time … budget deficits and the change in public debt). Governments can engage in creative accounting to hide borrowing and sugarcoat … the budget balance. The results show that stock-flow adjustments increased before elections. In Germany, stock …
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The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
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