Explain in words the intuition behind the debt dynamics equation: (Delta b=d+left(r-gamma_{y} ight) b).
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Explain in words the intuition behind the debt dynamics equation: \(\Delta b=d+\left(r-\gamma_{y}\right) b\).
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Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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