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It is often argued that the effectiveness of a fiscal stimulus, such as the pandemic relief programs, depends on how it is financed. In the

It is often argued that the effectiveness of a fiscal stimulus, such as the pandemic relief programs, depends on how it is financed. In the case of an advanced economy, lay out the possible ways of financing the relief program and explain the implications for each. Why are policy choices more complicated in the case of Emerging Markets and what can the effects be of more government spending? Explain why an SDR allocation might help both the balance of payments and the fiscal deficit

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