Fiscal Limits and Monetary Policy
收藏NBER2013-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18877
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资源简介：
Every economy faces a "fiscal limit" that delivers the maximum government debt-GDP ratio that can be sustained without appreciable risk of default or higher inflation. But governments in advanced economies issue substantial nominal debt and nominal debt is a commitment to repay in nominal units.
提供机构：
美国国家经济研究局
创建时间：
2013-03-01
