Unemployment Fiscal Multipliers
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We estimate the effects of fiscal policy on the labor market in US data. An increase in government spending of 1 percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0.6 percentage points (at the peak). Each percentage point increase in
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美国国家经济研究局创建时间：
2010-04-01
