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The Dire Effects of the Lack of Monetary and Fiscal Coordination

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NBER2017-07-01 更新2025-01-04 收录
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What happens if the government's willingness to stabilize a large stock of debt is waning, while the central bank is adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a monetary tightening, further debt accumulation, and

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2017-07-01
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