International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?
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This paper looks at fiscal solvency and public debt sustainability in both emerging market and advanced countries. Evidence of fiscal solvency, in the form of a robust positive conditional relationship between public debt and the primary fiscal balance, is established in both groups of countries, as
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美国国家经济研究局创建时间：
2007-03-01
