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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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, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India … -- Korea -- China -- India -- Indonesia -- Speech by Obstfeld -- Monetary and exchange rate policies for sustained growth in … Asia -- Monetary policy in the new mediocre -- Fiscal policy -- Global imbalances and the trade slowdown : implications for …
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Can China and India continue to rank among the fastest expanding economies? This book highlights what has worked and …
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Following a deep recession in 2020 and further contraction in 2021Q1, the euro area economy recovered rapidly in the second and third quarters thanks to high vaccination levels, increasing household and business adaptability to the virus, and continued forceful policy support. Looking ahead,...
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