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is growing, and that this deficit does not have to be covered by future surpluses; 2) Inflation is caused when the actual … budget deficit exceeds the level necessary and sufficient to maintain full employment. In order to avoid further inflation …
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Japanese Abstract: 世に言う『財政規律』によれば少なくとも長期的には財政収支が均衡することを求められる。一方,最近話題のMMT (Modern Monetary...
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