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  2. Shocking Aspects of Monetary Union Text 2_c April 2014

    https://www.geog.cam.ac.uk/files/research/projects/cger/ShockingAspectsofMonetaryUnion.pdf
    1 Apr 2014: That is to say, the geographical domain of fiscal policy ought to coincide with the geographical domain of the currency area. ... Within a national currency area, a chief function of fiscal policy, using both sides of the budget (taxes and spending), is

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