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Public Consumption Over the Business Cycle

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NBER2011-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17230
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What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to overall macroeconomic conditions? We answer this question in the framework of a neoclassical representative household model where the provision of a public consumption good is decided
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2011-07-01
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