id author title date pages extension mime words sentence flesch summary cache txt 2j62s468355 Yuanhao Niu Essays on Firm Dynamics and Macroeconomics 2021 .txt text/plain 190 13 40 We find that a moderate counter-cyclical financial repression rule helps the government ``earn'' reputation and brings welfare improvements. Empirical evidence suggests that the government may pressure the domestic agents to purchase their sovereign debt during turbulent times. cache/2j62s468355.txt txt/2j62s468355.txt