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Fiscal policy and aggregate demand in the U.S. before, during and following the Great Recession

Cashin, David; Lenney, Jamie; Lutz, Byron F.; Peterman, … - 2017

We examine the effect of federal and subnational fiscal policy on aggregate demand in the U.S. by introducing the fiscal effect (FE) measure. FE can be decomposed into three components. Discretionary FE quantifies the effect of discretionary or legislated policy changes on aggregate demand....

Persistent link: https://www.econbiz.de/10011709630