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Recent research in both the social and natural sciences has been devoted to increasing our ability to predict disasters, prepare for them and mitigate their costs. Curiously, we appear to know very little about the fiscal consequences of disasters. The likely fiscal impact of a natural disaster has not been examined before in any comparable or comparative(More)
JEL classification: E52 E62 F32 F43 O16 Keywords: Output losses Financial crisis Sudden stops Fiscal policy Financial policy a b s t r a c t This article investigates the effects of monetary and fiscal policies on output growth during sudden-stop balance of payments crisis in emerging markets and developing countries. Sudden stops in capital flows, and(More)
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