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We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary taxation. The...
Persistent link: https://www.econbiz.de/10012461546
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
In collaboration with the Government of Bihar, India, we conducted a large-scale experiment to evaluate whether …
Persistent link: https://www.econbiz.de/10012455877