Debt and Monetary Policy: The Policy Issues
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The paper explores the implications of high debt for monetary policy. In Europe, debt (and deficits) play a special role at present in the run up to Maastricht because large debts are seen as a threat to the integrity of the new European money. The paper reviews two historical episodes-- the German,
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美国国家经济研究局创建时间：
1996-05-01
