Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance
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https://www.nber.org/papers/w25996
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Countries have significantly increased their public-sector borrowing since the Global Financial Crisis. As a consequence, monetary authorities may face pressure to deviate from their policy targets in ways designed to ease the debt burden. In this context, we test for greater fiscal dominance over
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美国国家经济研究局创建时间：
2019-06-01
