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Debt Problems and Macroeconomic Policies

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NBER1986-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2061
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This paper examines the recent dramatic increase in the ratio of US non-financial debt to GNP. It concludes that it is largely the result of federal budget deficits. There does not appear to have been a major change in traditional patterns of private sector borrowing in recent years. The excessive
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1986-10-01
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