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" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …
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Using real time data from the OECD and fiscal policy reaction functions, this study explores euro area fiscal policies since the late 1990s. Both discretionary plans for the budget year and policy changes during budget implementation stages are investigated. The main focus is on the fiscal...
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