Lack of Trust and Fiscal Dominance: Evidence from a Firm Survey Experiment
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We study how debt news shapes firms inflation expectations in a monetary union. In an active-control experiment, German firms receive optimistic or pessimistic projections of France, Italy, and Spains debt-to-GDP ratios. Pessimistic news raises debt beliefs and increases one- and three-year
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美国国家经济研究局创建时间：
2026-06-01
