To Tax or To Ax? Marginal Tax and Spending Multipliers in Consolidations
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We introduce the notion of marginal cumulative multiplier the effect of either government spending or taxation on output holding the other fiscal instrument constant and apply it to a well known panel of consolidation episodes in 16 countries in the period 1978-2020. In our benchmark specification
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美国国家经济研究局创建时间：
2026-08-01
