Can Deficits Finance Themselves?
收藏数据链接：
官方服务：
资源简介：
We ask how fiscal deficits are financed in environments with two key features: (i) nominal rigidity, and (ii) a violation of Ricardian equivalence due to finite lives or liquidity constraints. In such environments, deficits can contribute to their own financing through two channels: a boom in real
提供机构：
美国国家经济研究局创建时间：
2023-05-01
