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Credit gdp - PowerPoint PPT Presentation

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Cyclical budgetary policy and its effects on growth

Cyclical budgetary policy and its effects on growth. Philippe Aghion, Robert Barro and Ioana Marinescu. Does macroeconomic policy (budget deficit, interest rates, taxation,...) matter for (long-run) growth?. Debate on ECB policy and the Stability and Growth Pact.

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Credit gdp - PowerPoint PPT Presentation

Cyclical budgetary policy and its effects on growth