As governments around the world struggle to piece together the most effective fiscal response to counter the economic and social impact of the COVID-19 outbreak, some are facing constraints imposed by fiscal rules enacted in the past to ensure fiscal discipline. The outbreak has revealedthe weaknesses and inappropriateness of many existing fiscal rules, and authorities should take the opportunity to strengthen their fiscal rules by adopting features...
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INFORMACIÓN
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2020/07/16
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Resumen
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150920
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1
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1
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2020/07/17
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Disclosed
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Fiscal Rules in Times of Crisis
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escape clause