The Missing Intercept: A Demand Equivalence Approach
收藏NBER2021-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29558
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资源简介：
I give conditions under which changes in private spending are accommodated in general equilibrium exactly like changes in aggregate fiscal expenditure. Under such demand equivalence, researchers can use time series evidence on fiscal multipliers to recover the general equilibrium "missing intercept"
提供机构：
美国国家经济研究局
创建时间：
2021-12-01
