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Anchors Away: How Fiscal Policy Can Undermine the Taylor Principle

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NBER2009-11-01 更新2025-01-04 收录
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Slow moving demographics are aging populations around the world and pushing many countries into an extended period of heightened fiscal stress. In some countries, taxes alone cannot or likely will not fully fund projected pension and health care expenditures. If economic agents place sufficient

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2009-11-01
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