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The Permanent Effects of Fiscal Consolidations

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NBER2016-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22374
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The global financial crisis has permanently lowered the path of GDP in all advanced economies. At the same time, and in response to rising government debt levels, many of these countries have been engaging in fiscal consolidations that have had a negative impact on growth rates. We empirically
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2016-07-01
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