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- W2303494037 abstract "In a democracy, willingness to inflict economic pain is rarely a route to credibility. Investors will refuse to believe that the policies will survive. Once they reach that conclusion, credibility disappears. I learnt this in 1992. With the UK economy in recession, the credibility of the government’s commitment to membership of the exchange rate mechanism of the European Monetary System came" @default.
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- W2303494037 date "2012-01-01" @default.
- W2303494037 modified "2023-09-24" @default.
- W2303494037 title "Fiscal Flexibility is No Sin When Policies are Failing" @default.
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