The Growth Dividend and Excess Interest
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https://www.nber.org/papers/w33375
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Standard deficit accounting neglects the growth dividend: the amount by which annual GDP growth shrinks the debt-GDP ratio. America's growth dividend has more than doubled since the Great Recession because the debt ratio has more than doubled, leading to headline deficits that far exceed changes in
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美国国家经济研究局创建时间：
2025-01-01
