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Inflation and the Fiscal Limit

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NBER2010-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16495
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We use a rational expectations framework to assess the implications of rising debt in an environment with a "fiscal limit." The fiscal limit is defined as the point where the government no longer has the ability to finance higher debt levels by increasing taxes, so either an adjustment to fiscal
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2010-10-01
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