Effects of Fiscal Policy on Credit Markets
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https://www.nber.org/papers/w26655
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Credit markets typically freeze in recessions: access to credit declines and the cost of credit increases. A conventional policy response is to rely on monetary tools to saturate financial markets with liquidity. Given limited space for monetary policy in the current economic conditions, we study
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美国国家经济研究局创建时间：
2020-01-01
