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Edited by Mario Monti, this volume contains the proceedings of a seminar that was held in Milan at the Centre for Financial and Monetary Economics, Universitá Luigi Bocconi. Participants included government officials, academicians, and economists; they provide a many-faceted view of fiscal policy at the domestic level and in the broader context of international policy coordination.

International Monetary Fund


Written by Gisli Blondal, former Advisor in the IMF's Fiscal Affairs Department, the book examines the fiscal policy pursued by 13 of the smaller industrial countries over the period 1972-82.