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Managing the Public Debt in Fiscal Stabilizations: The Evidence

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NBER1997-12-01 更新2025-01-04 收录
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This paper provides evidence on the behavior of public debt managers during fiscal" stabilizations in OECD countries over the last two decades. We find that debt maturity tends to" lengthen the more credible the program, the lower the long-term interest rate and the higher the" volatility of short

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1997-12-01
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