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Did the U.S. Really Grow Out of Its World War II Debt?

Acalin, Julien; Ball, Laurence M. - National Bureau of Economic Research - 2023

economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged … inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …

Persistent link: https://www.econbiz.de/10014337810