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Peter Adriaens

Smart Money: Multi-Asset Funds for Industrial Renewal

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The structural balance may guide fiscal policy pro-cyclically


The structural balance that plays a central role in the EU’s new fiscal policy legislation may guide fiscal policy in a pro-cyclical way, in other words make it stimulating in an expansion and restrictive in a recession, reveals a study by Researcher Tero Kuusi. An English translation of the research report has now been published.

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