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This paper presents an agent based model that investigates the possible outcomes of different fiscal and regulatory policies in a financially fragile economy. We analyse the consequences of the attempt by the government to counteract a downturn ignoring the debt dynamics as modelled by Fisher...
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This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as …
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in commodity and asset prices, are leading to sharp increases in deficits and debt stocks around the world. Expansionary … on the April 2009 World Economic Outlook to quantify the fiscal implications of the crisis for a cross-section of …
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’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature …
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