Current and Anticipated Deficits, Interest Rates and Economic Activity
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There is widespread feeling that current deficits, in Europe and the U.S.,may hurt rather than help the recovery. This paper examines some of the issues involved, through a sequence of three models.The first model focuses on sustainability and characterizes its determinants. It suggests that the
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美国国家经济研究局创建时间：
1984-01-01
