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Fiscal Resilience (Davis et al.)

Fiscal resilience: tools to manage state budgets in an age of uncertainty by Jonathan Davis, Navjot Singh and Todd Wintner published by McKinsey & Company (8/2019). “An emerging theme across US states – and many regional governments in developed economies – is persistent fiscal uncertainty. Demographic change, spiraling healthcare inflation, and underfunded liabilities have placed states under unyielding fiscal pressures…”

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