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Macroeconomic Management (Gaspar et al.)

Macroeconomic management when policy space is constrained: a comprehensive, consistent and coordinated approach to economic policy by Vitor Gaspar, Maurice Obstfeld, Ratna Sahay and Douglas Laxton published by IMF (9/2016). “…The finding of this paper indicate that policy coordination adds particular value if the current approach falls short of reviving growth, or in the event of a further downward shock.”

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