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This paper reconsiders the case for the use of fiscal policy based on a "functional finance" approach that advocates the use of fiscal policy to secure high levels of demand in the context of private aggregate demand, which would otherwise be too low. This "functional finance" view means that...
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This paper explores the probable consequences for public expenditure in the UK if Britain were to join the euro. It …) should not be overlooked, the focus of this paper is on the implications for public expenditure of the eurozone and the UK …
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