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Fiscal fragility: what the past may say about the future

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NBER2010-10-01 更新2025-01-04 收录
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The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated with a

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2010-10-01
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