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The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and … with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the … focus of this paper. Inflation affects households through its interaction with the fiscal. We run the 2019 Survey of …
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Interest rates on government debt have fallen in many countries over the last several decades, with markets indicating that rates may stay low well into the future. It is by now well understood that sustained low interest rates can change the nature of long-run fiscal policy choices. In this...
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