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Fiscal Fragility (Aizenman & Pasricha)

Fiscal fragility: What the past may say about the future by Joshua Aizenman and Gurnain K. Pasricha by VOXEU. This column presents forecasts of the fiscal burden of debt for each OECD country. Looking at past as well as current data, it argues that prudent fiscal policy should involve both short-term stabilisation and forward-looking fiscal reforms. Finding a balance between the two is crucial.

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