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This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both … 1990s.We focus on the question, how fiscal policy behaves under rising public debt ratios. It is found that both Germany … and seems to be non-permanent in the case of Germany.-- Fiscal policy rules ; public debt ; euro area ; fiscal …
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Germany, states’ political influence is exogenous because voting weights differ in the upper chamber of the German parliament …
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