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This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...
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China's recovery is well advanced-but it lacks balance and momentum has slowed, reflecting the rapid withdrawal of … uncertainty. China's climate strategy has begun to take shape with the release of detailed action plans. Productivity growth is …
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