From Fiscal Deadlock to Financial Repression: Anatomy of a Fall
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https://www.nber.org/papers/w33395
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资源简介：
Financial repression can be used to avoid a government default when fiscal policy is constrained. We present a model showing that optimal financial repression progresses through successive stages with increasing levels of distortion. Data from advanced economies suggest that the initial stage of
提供机构：
美国国家经济研究局
创建时间：
2025-01-01
