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, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings …
Persistent link: https://www.econbiz.de/10008470409
In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non- Ricardian households is in general...
Persistent link: https://www.econbiz.de/10005605231