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"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012206057
accounting that explicit debt is a poor indicator of long-term fiscal sustainability. Among all EMU participants, those with the …
Persistent link: https://www.econbiz.de/10009781507