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Fiscal policy, public debt and monetary policy in emerging ...

Fiscal policy, public debt and monetary policy in emerging ...

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macroeconomic instrument that the authorities can use to address output volatility. But there was a view that, to mitigate risks to the fixed exchange rate regime, countercyclical fiscal policy should be used sparingly and only under exceptional circumstances. And, such stimulus must not compromise the medium -term sustainability of fiscal policy.

  Macroeconomics, Policy, Public, Monetary, Debt, Public debt and monetary

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