Data and empirical strategy - Paris School of Economics

This paper answers this question using a novel dataset on economic reforms, which is the most exhaustive in ... as guaranteed by a democracy, are cons...

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May 16, 2013 - bubble whose bursting leads to debt-deflation in the next period with a non-zero probability. This dilemma of monetary policy highlights the default channel affecting trades and production, and provides a rigorous foundation to Fisher'

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