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On the Monetization of Deficits

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NBER1982-12-01 更新2025-01-04 收录
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Whether or not a deficit is monetized is often thought to have important macroeconomic ramifications. This paper is organized around two questions.The first is: Does monetization matter?, or morespecifically, For a given budget deficit, do nominal or real variables behave differently depending on

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1982-12-01
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