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Chapter 1 Introduction -- Chapter 2 Synopsis of fiscal policy in South Africa: 1994 – 2020 -- Part 1: Government debt -- Chapter 3 Effects of government debt on output, household consumption and gross fixed capital formation: Role of the credit conditions channel -- Chapter 4 Government debt...
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With close to 30 emerging market and developing economies (EMDEs) using inflation targeting to determine monetary policy, and many of them for over 15 years, it is possible to create a meaningful measure of neutral real interest rates in these economies. The neutral real interest rate provides...
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Much is puzzling about Japan's finances today: its inability to arrest its economic decline, its festering banking …'s problems? Japan's Policy Trap offers a provocative new analysis of the country's protracted economic stagnation. Japanese … insider Akio Mikuni and long-term Japan resident R. Taggart Murphy contend that the country has landed in a policy trap that …
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