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The critics are not Keynesian enough: fiscal responsibility and growth
(2006-10-29)
It is because fiscal policy-makers may not respect intertemporal
constraints that it is better to bind ourselves to rules. Also, in an
intertemporal set-up, lowering fiscal deficits can be expansionary
Budget 2006: outlays, inequality and growth
(2006-10-27)
The fiscal deficit is being contained by a decrease in interest
payments and capital expenditures, along with a secular rise in
direct taxes. However, the reduction in capital expenditures,
mainly in infrastructure, is ...