Asset Substitutability and the Impact of Federal Deficits
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In this paper, the role of asset substitutability in determining the impact of debt-financed federal deficits is examined. The issues are first discussed in the context of a simple analytical model in which financial assets are disaggregated into money, federal debt,and corporate bonds. In this
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美国国家经济研究局创建时间：
1983-02-01
