Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic
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I use the valuation equation of government debt to understand fiscal and monetary policy in and following the great recession of 2008-2009, to think about fiscal pressures on US inflation, and what sequence of events might surround such an inflation. I emphasize that a fiscal inflation can come well
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美国国家经济研究局创建时间：
2010-06-01
