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Fiscal Politics (Eyraud et al.)

Fiscal politics in the euro area by Luc Eyraud, Vitor Gaspar and Tigran Poghosyan published by IMF (01/2017). “This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999-2015…”

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