Is it the "How" or the "When" that Matters in Fiscal Adjustments?
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Using data from 16 OECD countries from 1981 to 2014 we study the effects on output of fiscal adjustments as a function of the composition of the adjustment that is, whether the adjustment is mostly based on spending cuts or on tax hikes and of the state of the business cycle when the adjustment is
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美国国家经济研究局创建时间：
2016-11-01
