Reexamining the osts of Debt in an Era of Low Interest Rates

Reexamining the osts of Debt in an Era of Low Interest Rates The federal debt as a share of the economy has more than tripled since 1980 and now sits at its highest level since just after World War II. However, many of the predicted negative ... fiscal consolidation is both less urgent and potentially more costly in terms of reduced output. ................
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