New Keynesian versus old Keynesian government spending multipliers
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چکیده
منابع مشابه
New Keynesian versus old Keynesian government spending multipliers
Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy stimulus proposals are not robust. Government spending multipliers in an alternative empirically estimated ...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2010
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2010.01.010