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Oct 28, 2022 โข 8 tweets โข 6 min read
The requirement for #fiscalpolicy is to find the right balance between flexibility to respond to changing socioeconomic circumstances and the credibility to maintain control of #debt.
niesr.ac.uk/publications/dโฆ
Rules-based policies matter for credibility as they impose both external and internal discipline, help ensure economic agents condition on the govtโs plans and allow us to understand progress relative to the plan, as we outlined in our research back in the spring of 2021 ๐
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