Monetary-Fiscal Interactions: A Reappraisal
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The possibility of fiscal dominance in the representative-agent New Keynesian model (RANK) hinges on the assumption that income is perpetually demand-determined: fiscal deficits can drive output and inflation within that model only insofar as they trigger infinitely lasting, self-sustained shifts in
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美国国家经济研究局创建时间：
2026-08-01
