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Purpose - This paper aims to assess the fiscal sustainability in Egypt during the period 1990-2018 using deficit accounts (DA) approach. It also tries to investigate the possibility of applying generational accounts (GA) in Egypt as a new approach to assess fiscal sustainability....
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general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect … of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive …
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