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What Do Budget Deficits Do?

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NBER1995-09-01 更新2025-01-04 收录
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This paper discusses the effects of budget deficits on the economy in four steps. First, it reviews standard theory about how budget deficits influence saving, investment, the trade balance, interest rates, exchange rates, and long-term growth. Second, it offers a rough estimate of the magnitude of

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1995-09-01
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