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We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a …
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In this paper, we revisit the effects of government spending shocks on private consumption within an estimated New-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the presence of non-Ricardian households is in general...
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This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy …
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