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shocks. This paper reassesses this view. We test the theory using data from World War II, which is by far the largest fiscal … shock in the history of the United States. We take observed changes in fiscal policy during the war as inputs into a …
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This paper examines the reliability of survey data on business incomes, valuations, and rates of return, which are key inputs for studies of wealth inequality and entrepreneurial choice. We compare survey responses of business owners with available data from administrative tax records, brokered...
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