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steps used to yieldmisleading cash flow amounts, demonstrates how to adjust the cashflow statement for more effective …
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We use discounted cash flow analysis to measure a country's fiscal capacity. Crucially, the discount rate applied to projected cash flows includes a GDP risk premium. We apply our valuation method to the CBO's projections for the U.S. federal government's deficit between 2022 and 2051 and debt...
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