Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why
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https://www.nber.org/papers/w25768
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In OECD countries over the period 19802017, countries with lower debt-to-GDP ratios responded to financial distress with much more expansionary fiscal policy and suffered much less severe aftermaths. Two lines of evidence together suggest that the relationship between the debt ratio and the policy
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美国国家经济研究局创建时间：
2019-04-01
