1 “...This paper analyzes the scope for systematic rules-based fiscal activism in open economies...”

2 “.... In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy...”

3 “... equals almost 75 percent for a large economy such as the United States, and almost 100 percent for a...”

4 “... analysis. In MAPMOD, bank loans create purchasing power that facilitates adjustments in the real economy...”

5 “... on the world economy. It also provides a framework for assessing the effects of fiscal actions needed to help...”