Staff Discussion Notes

Pages14-14
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Staff Discussion Notes
Sta Discussion Notes showcase ne w policy-related
analysis and resea rch by IMF departments. ese papers
are generally brief and w ritten in nontechnical langua ge,
and are aimed at a broad audience interested i n economic
policy issues.
No. 12/10
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Francesca Bastagli, David Coady, and Sanjeev Gupta
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