Financial pressure has been operationalized differently throughout the books

Financial pressure has been operationalized differently throughout the books

You to extremely important dimension problem is its endogeneity to governmental behavior. Strategies for instance the budget shortage and you may discretionary purchasing try obviously endogenous to the policy choices i studies. This might be smaller hard for the eye burden. Whatsoever, from inside the relatively highly in debt nations (like Germany in the period below research), alterations in the eye load are mainly passionate because of the changes in the pace towards present personal debt (of which a hefty express must be refinanced every year), and less by the changes in the latest budget shortage.

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