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Budget Deficits, Tax Rules, and real Interest Rates

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NBER1986-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1970
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This paper examines three sources of the fluctuations in real interest rates during the past three decades: changes in budget deficits, changes in tax rules, and changes in monetary policy. The evidence indicates that budget deficits and monetary policy have had a strong influence on the level of
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1986-07-01
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