Figure 1 - General government balance and inflation: Germany

o Gov. bal.
Inflation
Source: European Economy 72, 2001. European Commission.
Figure 2 - General government balance and inflation: Italy

Source: European Economy 72, 2001. European Commission.
Figure 3 - General government balance and inflation: UK

° Gov. bal. Inflation
Source: European Economy 72, 2001. European Commission.
16
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