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Fiscal Volatility Shocks and Economic Activity

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NBER2011-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17317
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We study the effects of changes in uncertainty about future fiscal policy on aggregate economic activity. Fiscal deficits and public debt have risen sharply in the wake of the financial crisis. While these developments make fiscal consolidation inevitable, there is considerable uncertainty about the
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2011-08-01
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