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anschließenden ausgabenseitigen Haushaltskonsolidierung ausgelöst. Diese führten zu einem neuen fiskalpolitischen "Überschussregime …
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We build a new Keynesian DSGE model consisting of two heterogeneous countries participating in a monetary union. We study how public debt consolidation in a country with high debt (like Italy) affects welfare in a country with solid public finances (like Germany). Our results show that debt...
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