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Fiscal expansion in Bangladesh, the People's Republic of China, Indonesia, and the Philippines via increased spending … effects of fiscal policies in four Asian countries - Bangladesh, the People's Republic of China, Indonesia, and the …
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This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands on the guidance provided at the national level on rule selection and calibration in IMF (2018a) and IMF (2018b). Thinking on subnational fiscal rules is still evolving,...
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