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permanence of the change in taxes/transfers, and is much superior to one that assumes some consumers are fully Ricardian and …
Persistent link: https://www.econbiz.de/10005825870
Trends in the size of U.S. government are examined. In the postwar period, general government primary spending rose by ¼ percent of GDP a year through 1975, stabilizing thereafter. With higher social transfers offset by a lower burden of defense spending, expansion reflected a baby-boom...
Persistent link: https://www.econbiz.de/10005768815