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Dynamics of Fiscal Financing in the United States

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NBER2009-07-01 更新2025-01-04 收录
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Dynamic stochastic general equilibrium models that include policy rules for government spending, lump-sum transfers, and distortionary taxation on labor and capital income and on consumption expenditures are fit to U.S. data under a variety of specifications of fiscal policy rules. We obtain several

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2009-07-01
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