Indebted Demand
收藏NBER2020-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26940
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资源简介：
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal
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美国国家经济研究局创建时间：
2020-04-01
