1

2 “... considered drivers of foreign assets and liabilities, the analysis focuses on the role of structural policy...”

3 “... and inclusive fiscal policy...”

4 “... policy stances as between the United States and other G7 economies, notably those in the euro area...”

5 “... that the short-term effect of capital inflow shocks on domestic credit depends on countries' macroeconomic policy...”

6 “...Portugal's fiscal policy has failed to durably reduce the deficit below the Stability and Growth...”

7 “... a substantial easing of policy rates and a depreciation of the dollar. This measure of overall...”

8 “... to gauge the impact of monetary policy on the economy. In addition to changes in the exchange rate...”

9 “... the implications of financial globalisation for economic stability and the design of policies. This literature...”

10 “... presents evidence, both descriptive and econometric, on macroeconomic conditions and policy set-ups...”