A p Theory of Taxes and Debt Management
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https://www.nber.org/papers/w29931
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资源简介：
Distortions induce a benevolent government that must finance an exogenous expenditure process to smooth taxes. An optimal fiscal plan determines the marginal cost p of servicing government debt and makes government debt risk-free. A convenience yield tilts debts forward and taxes backward. An option
提供机构：
美国国家经济研究局
创建时间：
2022-04-01
