The Output and Welfare Effects of Government Spending Shocks over the Business Cycle
收藏NBER2013-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19749
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This paper studies the state-dependence of the output and welfare effects of shocks to government purchases in a canonical medium scale DSGE model. When monetary policy is characterized by a Taylor rule, the output multiplier (the change in output for a one unit change in government spending) is
提供机构:
美国国家经济研究局
创建时间:
2013-12-01



