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Fiscal Shocks and Their Consequences

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NBER2003-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9772
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This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates on
创建时间:
2003-06-01
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