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income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …
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income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …
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The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the focus of this paper. Inflation affects households...
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