five

Optimal Debt Management

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NBER1995-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5327
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Optimal debt management can be thought of in three stages. First, if taxes are lump sum and the other conditions for Ricardian equivalence hold, then the division of government financing between debt and taxes is irrelevant, and the whole level of public debt is indeterminate from an optimal-tax
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1995-10-01
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