Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality
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https://www.nber.org/papers/w30554
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资源简介：
Government debt can be rolled over forever without primary surpluses in some stochastic economies, including some economies that are dynamically efficient. In an overlapping-generations model with constant growth rate, g, of labor-augmenting productivity, and with shocks to the durability of capital
提供机构：
美国国家经济研究局
创建时间：
2022-10-01
