Debt and Deficits: Fiscal Analysis with Stationary Ratios
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We introduce a measure of a government's fiscal position that exploits cointegrating relationships among fiscal variables. The measure is a loglinear combination of tax revenue, government spending and the market value of government debt thatunlike the debt-GDP ratioappears stationary in long
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美国国家经济研究局创建时间：
2023-05-01
