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Valuing Government Obligations When Markets are Incomplete

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NBER2017-12-01 更新2025-01-04 收录
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Determining how to value net government obligations is a long-standing and fundamental question in public finance. Its answer is critical to cost-benefit analysis, the assessment of fiscal sustainability, generational accounting, and other economic issues. This paper posits and simulates a ten

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2017-12-01
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