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Options for a Euro-area fiscal capacity. Bruegel Policy Brief 2013/01, January 2013

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Figure

Table 1: Features and properties of four stabilisation options
Figure 1: Unemployment rate and governmentexpenditure on unemployment in 2010
Figure 2: Decline in debt-to-GDP ratio (percent-points) in 2014  as a result of the federal budget
Figure 3: Output gap estimates (percent of GDP)
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