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Macro Fiscal Policy in Economic Unions: States as Agents

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NBER2013-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19559
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The American Recovery and Reinvestment Act (ARRA) was the US government's fiscal response to the Great Recession. An important component of ARRA's $796 billion proposed budget was $318 billion in fiscal assistance to state and local governments. We examine the historical experience of federal
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2013-10-01
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