Do Government Spending Multipliers Depend on the Sign of the Shock?
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We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeevs (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then extend
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美国国家经济研究局创建时间：
2023-03-01
