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We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …
Persistent link: https://www.econbiz.de/10011919730
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We show that fiscal multiplier estimations may be biased by movements in asset and credit markets, as they facilitate …
Persistent link: https://www.econbiz.de/10010201633
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We examine the effect of federal and subnational fiscal policy on aggregate demand in the U.S. by introducing the fiscal effect (FE) measure. FE can be decomposed into three components. Discretionary FE quantifies the effect of discretionary or legislated policy changes on aggregate demand....
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This paper aims to investigate the effects of various fiscal policy measures for small and open economies by analysing the implications of fiscal shocks in the Baltic countries based on data for the period from 1995 to 2018. For this purpose, we have chosen structural VAR estimation methods...
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