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Fiscal Policy and Households’ Inflation Expectations: Evidence from a Randomized Control Trial

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NBER2021-02-01 更新2025-01-04 收录
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Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the debt. In theoretical settings where fiscal policy dominates monetary policy, higher debt without offsetting changes in primary surpluses should lead households to anticipate this

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2021-02-01
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