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, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and …
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This study aims to measure the impact of the share of non-Ricardian households on fiscal multipliers. We show that the share of non-Ricardian households in Hungary increased significantly after crisis began and explain why the plausible reason for this increase is the higher level of liquidity...
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decreases in response to a defense expenditure shock, whereas when considering shocks to non-defense spending, consumption …
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