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Persistent link: https://www.econbiz.de/10000875455
This paper describes a dynamic stochastic general equilibrium model featuring a fraction of non-Ricardian agents in order to estimate the effects of fiscal policy in the euro area by means of Bayesian techniques. The model accounts for distortionary taxation on labor and capital income and on...
Persistent link: https://www.econbiz.de/10005113680