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The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first … deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will …
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Intro -- Title page -- Copyright page -- Contents -- INTRODUCTION -- CHAPTER 1 -- POLICY RESPONSE TO THE GLOBAL FINANCIAL CRISIS: KEY ISSUES FOR DEVELOPING COUNTRIES -- A. INTRODUCTION -- B. POLICY RESPONSE IN DEEs: PAYMENTS CONSTRAINT AND INTERNATIONAL SUPPORT -- C. REFORM OF THE INTERNATIONAL...
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This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...
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