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Designing an Optimal Fiscal Strategy for Libya
Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealt...
Estimates of the natural interest rate are often useful in the analysis of monetary and other macroeconomic policies. The topic gathered much attentio...
Financial Cycles and Fiscal Policy
This paper argues that asset price cycles have significant effects on fiscal outcomes. In particular, there is evidence of debt bias—the tendency of...
Some countries support smaller firms through tax incentives in an effort to stimulate job creation and startups, or alleviate specific distortions, su...
Europe’s high pre-existing level of financial development can partly account for the relatively smaller reach of fintech payment and lending activit...
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