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Published in 2018 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100518000330
Abstract: This paper shows empirical evidence and theory consistent with the US government using debt optimally to adjust the federal budget to news about long-term growth. First, using historical forecasts from the Congressional Budget Office (CBO)…
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Keywords:
debt united;
sovereign debt;
united states;
states growth ... See more keywords