Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?
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We show that a fiscal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model specification, an expansion of core government spending equal to one percent of euro
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美国国家经济研究局创建时间：
2015-08-01
