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This article addresses the existence of a wide range of estimated government spending multipliers in a dynamic stochastic general equilibrium model of the euro area. Our estimation results and counterfactual exercises provide evidence that omitting the interactions of key ingredients at the...
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area GDP. Since the EERP comprised both revenue and expenditure-based fiscal stimulus measures, the total multiplier is …
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area GDP. Since the EERP comprised both revenue and expenditurebased fiscal stimulus measures, the total multiplier is …
Persistent link: https://www.econbiz.de/10013100017