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Public Debt Through the Ages

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NBER2019-01-01 更新2025-01-04 收录
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We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes

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2019-01-01
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