International Macroeconomic Adjustment, 1987-1992: A World Model Approach, Volume 124
Robert E. King · Helena Tang
Jan 1988 · World Bank Publications
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156
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Three global econometric models produced the same conclusion: that the global economy is most likely to improve through fiscal expansion in Japan combined with fiscal contraction and monetary easing in the United States. The same models forecast a slowdown in 1988 and low growth in 1989/90 followed by US recovery in 1991-1992.
Three global econometric models produced the same conclusion: that the global economy is most likely to improve through fiscal expansion in Japan combined with fiscal contraction and monetary easing in the United States. The same models forecast a slowdown in 1988 and low growth in 1989/90 follow...
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