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Brazil, in the sixties and eighties, gives opportunity to develop an analysis of the incoherencies in the orthodox view about …
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future progress. Together, the chapters form a picture of the international implications of Brazil’s emergence as a major … 2000s -- 4. Deindustrialization in Brazil? -- 5. Thriving Through Uncertainty: Fiscal Space for Brazilian Sustainable … Growth -- 6. Some Lessons from the Household Consumption Boom in Brazil, 2003-2013 -- 7. Funding, State, and Debt Crisis -- 8 …
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We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...
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We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...
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The recovery of the German economy needs more time. Ongoing precautionary measures to protect against infection as well as the supply bottlenecks will slow down the catch-up process in the winter. Especially in those service sector that have been particularly affected by the pandemic the...
Persistent link: https://www.econbiz.de/10012658780