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Can Monetary Policy Create Fiscal Capacity?

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NBER2021-08-01 更新2025-01-04 收录
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Governments around the world have gone on a massive fiscal expansion in response to the Covid crisis, increasing government debt to levels not seen in 75 years. How will this debt be repaid? What role do conventional and unconventional monetary policy play? We investigate debt sustainability in a

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2021-08-01
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