Excess Savings and Twin Deficits: The Transmission of Fiscal Stimulus in Open Economies
收藏NBER2022-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30185
下载链接
链接失效反馈官方服务：
资源简介：
We study the effects of debt-financed fiscal transfers in a general equilibrium, heterogeneous-agent model of the world economy. In the long run, increases in government debt anywhere raise the world interest rate and increase private wealth everywhere. In the short run, a country with a larger-than
提供机构：
美国国家经济研究局
创建时间：
2022-06-01
