Global and domestic factors shape a country’s Fiscal and Monetary Policy Space (FMPS). In response to the COVID-19 crisis, many countries adopted unconventional measures to expand policy space, including monetary policies that helped to widen fiscal policy space and vice versa. This has been driven by the uniquely severe nature of the crisis, where unprecedented expansionary fiscal and monetary policies, especially in advanced economies, were deployed...
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详细
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2023/01/31
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报告
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179757
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1
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2023/01/31
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Disclosed
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Policy Space and the Financial Sector in Emerging Market and Developing Economies : Early Observations from the Pandemic