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2012-10-13 — blogspot.com
The big story this week is the International Monetary Fund's (IMF) admission that the fiscal multiplier is not 0.5 percent but really 0.9-1.7 percent according to Financial Times article It's (austerity) Multiplier Failure
This is actually not just big news, but massive news! For the IMF to let alone realize and then admit this is central to the outlook for growth and fiscal deficits across all economies
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