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Bruttoinlandsprodukt legte mit 2,4% wieder deutlich zu. Getragen war die Entwicklung von dem durch kräftige Steuersenkungen angeheizten …
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We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in...
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