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Business Cycles and Macroeconomic Stability: Should We Rebuild Built-in Stabilizers? Jean-olive Hairault 1997 edition
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Business Cycles and Macroeconomic Stability: Should We Rebuild Built-in Stabilizers?
Jean-olive Hairault
Many institutional changes since the eighties point at curbing back the transfer mechanisms underlying automatic stabilizers, and legal restraints on deficits such as the US balanced budget amendment or the European Maastricht criteria would involve serious risks for the future of stabilizers.
341 pages, biography
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