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The Theory of Optimum Deficits and Debt

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NBER1983-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1232
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The paper surveys a number of neo-classical and neo-Keynesian approcaches to government financial policy. After reviewing the very restrictive conditions under which financial policy is just a veil without real consequences, non-neutral financial policy in neo-classical models is analyzed. At full
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1983-11-01
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