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expansion appears to be the source of Kuska's erroneous indictment of "Keynesian" balance-of-payments theory.We also establish …
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expansion appears to be the source of Kuska's erroneous indictment of "Keynesian" balance-of-payments theory.We also establish …
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In the overlapping generations model with uncertain lifetimes, efficient life insurance markets and no operative intergenerational gift and bequest motive, a positive birth rate has been shown to be sufficient and necessary for absence of debt neutrality: equilibrium prices and quantities are...
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