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Fri 03 Mar 2010Setting a standard in fiscal reform and oversight
ECONOMICS:Now is a good time to consider a new approach to the conduct of fiscal policy, writes PHILIP LANE
DURING THE current economic crisis, the Government has been compelled to undertake a sizeable budget correction in the midst of a severe recession. While this route may well have been the best option given the situation we faced, it begs the question of whether a different path for fiscal policy during the pre-crisis period may have permitted a less onerous fiscal response in the last couple of budgets.
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