Back to work: How fiscal policy can help, the centerpiece for international comparisons and updated, the fiscal monitor published by IMF (10/2014). “…Emerging markets should take advantage of their still favorable positions to rebuild policy buffers. And low-income countries should decisively strengthen fiscal governance to make productive use of their natural and financial resources. But in all cases fiscal policy must, maybe more than in the past, incorporate measures aimed at increasing productivity, employment, and long term growth.”
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