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Government Debt and Capital Accumulation in an Era of Low Interest Rates

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NBER2022-05-01 更新2025-01-04 收录
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This essay discusses the reasons for and implications of the decline in real interest rates around the world over the past several decades. It suggests that the decline in interest rates is largely explicable from trends in saving, growth, and markups. In this environment, greater government debt is

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2022-05-01
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