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I give conditions under which changes in private spending are accommodated in general equilibrium exactly like changes in aggregate fiscal expenditure. Under such demand equivalence, researchers can use time series evidence on fiscal multipliers to recover the general equilibrium "missing...
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than emitted no later than 2045. This study builds a Computable General Equilibrium (CGE) model to understand how a state …-level carbon tax in Hawai‘i could contribute to meeting this objective and how it would change household welfare for five different … to households as equal-share dividends or used for increased state spending. If revenues are returned to households, the …
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