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multipliers and marginal propensities to consume based on the extensive empirical literature. I compare them to basic and extended …
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(ii) uniformity of fiscal multipliers for different sizes of shocks. We use narrative fiscal shocks and propensity score …
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The goal of this paper is twofold. First, we wish to better explain the relationship between Sargent and Wallace's (1981) unpleasant monetarist arithmetic, the closely connected fiscal theory of the price level (FTPL), and the monetarist view of inflation. Second, we discuss how the recent...
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This paper estimates local fiscal multipliers for green and non-green public works in Italian provinces, and … overall and non-green multipliers are driven by southern provinces, while the green multiplier is driven by the rest of the … increase the green multiplier. Interestingly, corruption positively affects all multipliers. I show that the effect of …
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