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Fiscal consolidation: Dr Pangloss meets Mr Keynes

Fiscal consolidation: Dr Pangloss meets Mr Keynes. Marcus Miller and Lei Zhang 19 th June 2013. Debt unsustainability and measure to correct this. Variables used may be defined as follows:. b. B. Debt sustainability and government expenditure. Tax take. Bond Accumulation . A 2.

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Fiscal consolidation: Dr Pangloss meets Mr Keynes