Are Government Bonds Safe in Times of War and Pandemic?
收藏NBER2026-02-01 更新2026-02-14 收录
下载链接：
https://www.nber.org/papers/w34820
下载链接
链接失效反馈官方服务：
资源简介：
We analyze real returns on U.S. and U.K. government debt during major wars and the COVID-19 pandemic over the past three centuries. Wars are associated with sharply negative real returns on outstanding government debt, with returns falling far below economic growth, in contrast to peacetime periods
提供机构：
美国国家经济研究局
创建时间：
2026-02-01
