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involving U.S. inflation and GDP growth. Empirical results suggest that the number of change points is larger than previously …
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Introduction : the challenge at hand -- At a fiscal turning point -- From whence it came -- Postwar fiscal policy : the gradual demise of fiscal democracy -- From controlling the present to controlling the future -- The four deadly economic consequences -- The three deadly political consequences...
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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
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