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Reflections on the Euro Area Fiscal Stance |
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| Authors: | Christophe Kamps Jacopo Cimadomo Sebastian Hauptmeier Nadine Leiner-Killinger |
| Institution: | 1.Fiscal Policies Division - Directorate General Economics,European Central Bank,Frankfurt a.M.,Germany |
| Abstract: | Avoiding the mistakes of the past, when the good times were not used to build buffers, will be crucial to avoid countries again being forced to engage in a pro-cyclical fiscal tightening in the next downturn. |
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