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reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal …
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Ricardian channel through which households reduce consumption in anticipation of future fiscal adjustments …
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This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. This reflects a more general trend over the past three...
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