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Monetary-Fiscal Policy Interactions and Fiscal Stimulus

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NBER2009-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15133
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Increases in government spending trigger substitution effects--both inter- and intra-temporal--and a wealth effect. The ultimate impacts on the economy hinge on current and expected monetary and fiscal policy behavior. Studies that impose active monetary policy and passive fiscal policy typically
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2009-07-01
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