Are Government Spending Multipliers Greater During Periods of Slack? Evidence from 20th Century Historical Data
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A key question that has arisen during recent debates is whether government spending multipliers are larger during times when resources are idle. This paper seeks to shed light on this question by analyzing new quarterly historical data covering multiple large wars and depressions in the U.S. and
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美国国家经济研究局创建时间：
2013-02-01
