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transfers. Results are broadly consistent with an open-economy New Keynesian model. At business-cycle frequencies, cross …
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The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
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final high-growth scenario explores requirements and consequences for Pakistan's economy if, during the period 2013-2022, it …
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