On Overborrowing
收藏NBER2006-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11913
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资源简介：
This paper characterizes the equilibrium dynamics in an economy facing an aggregate debt ceiling. This borrowing limit is intended to capture an environment in which foreign investors base their lending decisions predominantly upon macro indicators. Individual agents do not internalize the borrowing
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美国国家经济研究局创建时间：
2006-01-01
