Printing Away the Mortgages: Fiscal Inflation and the Post-Covid Boom
收藏NBER2024-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32573
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资源简介：
We analyze the impact of fiscal and monetary stimulus in an economy with mortgage debt, where inflation redistributes from savers to borrowers. We show theoretically that fiscal transfers without future tax increases cause a surge in inflation, increasing consumption demand and house prices. The
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
