Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises
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https://www.nber.org/papers/w17831
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Debtors bear the brunt of a decline in asset prices associated with financial crises and policies aimed at partial debt relief may be warranted to boost growth in the midst of crises. Drawing on the US experience during the Great Recession of 2008-09 and historical evidence in a large panel of
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美国国家经济研究局创建时间：
2012-02-01
