The Savers-Spenders Theory of Fiscal Policy
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The macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the
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美国国家经济研究局创建时间：
2000-02-01
