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Government Debt and Social Security in a Life-Cycle Economy

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NBER1997-04-01 更新2025-01-04 收录
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This paper develops a tractable overlapping generations model that is useful for analyzing both the short and long run impact of fiscal policy and social security. It modifies the Blanchard (1985)/Weil (1987) framework to allow for life/cycle behavior. This is accomplished by introducing random

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1997-04-01
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