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Decomposing the Fiscal Multiplier

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NBER2020-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26939
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The fiscal multiplier seeks to measure how many additional dollars of output are gained or lost for each dollar of fiscal expansion or contraction. In practice, the multiplier at any point in time depends on the monetary policy response and existing conditions in the economy. Using the IMF fiscal
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2020-04-01
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