Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone
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We provide a comprehensive account of the dynamics of eurozone countries from 2000 to 2012. We analyze private leverage, fiscal policy, labor costs and interest rates and we propose a strategy to separate the impact of credit cycles, excessive government spending, and sudden stops. We then ask how
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美国国家经济研究局创建时间：
2014-10-01
