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Macro-Policy Issue: Dealing With an Economic Downturn

This paper sets forth a set of policies which are an alternative to the standard IMF prescriptions. It delineates the circumstances under which such policies could be easily implemented, outlines the risks, and provides a framework for thinking through how these risks can be assessed relative to the risks of the standard IMF strategies.

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A group of academic experts, practitioners, finance ministers, policymakers, authorities from international financial institutions, religious
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