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The Euro and Fiscal Policy

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NBER2009-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14722
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The paper provides and empirical characterization of fiscal policy in the euro area and in a group of twenty-two OECD economies over the period from 1970 until 2007. Using the cyclically-adjusted fiscal balance we document that policy in the euro area has been mildly pro-cyclical. The adoption of
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2009-02-01
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