A Goldilocks Theory of Fiscal Deficits
收藏NBER2022-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29707
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资源简介：
This paper proposes a tractable framework to analyze fiscal space and the dynamics of government debt, with a possibly binding zero lower bound (ZLB) constraint. Without the ZLB, a greater primary deficit unambiguously raises debt. However, debt need not explode: When R < G , where is the
提供机构：
美国国家经济研究局
创建时间：
2022-01-01
