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Designing fiscal policy for steady, enduring growth

Buti, Marco, Gaspar, Vitor, (2015), “Designing fiscal policy for steady, enduring growth”, Voxeu, 10 Δεκεμβρίου

Designing fiscal policy for today’s complex and uncertain economic climate is a problem that perplexes governments worldwide. This column proposes a solution – a new fiscal architecture with strengthened but budget-neutral automatic stabilisers. It won’t be easy, but overcoming predominantly political challenges will help foster steady and enduring growth.

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