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1995年9月21日,“众议院发言人纽特·金里奇(Newt Gingrich)威胁要在美国历史上第一次把拖欠债务的美国政府送
1995年9月21日,“众议院发言人纽特·金里奇(Newt Gingrich)威胁要在美国历史上第一次把拖欠债务的美国政府送上法庭,以迫使克林顿政府按共和党的条件平衡预算”(New York Times, September 22, 1995, A1)。那一天,美国政府30年债券的利率从6.46%上升到6.55%,而且美元的价值从102.7日元下降到99日元。用大型开放经济模型来解释这一事件。
On September 21, 1995, “House Speaker Newt Gingrich threatened to send the United States into default on its debt for the first time in the nation's history, to force the Clinton Administration to balance the budget on Republican terms” (New York Times, September 22, 1995, A1). That same day, the interest rate on 30-year U.S. government bonds rose from 6.46 to 6.55 percent, and the dollar fell in value from 102.7 to 99.0 yen. Use the model of the large open economy to explain this event.