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New Keynesian versus Old Keynesian Government Spending Multipliers
New Keynesian versus Old Keynesian Government
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2015/8/3
Renewed interest in fiscal policy has increased the use of quantitative models to
evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations
be robust to alternative ...
Multipliers and the LeChatelier Principle
Multipliers LeChatelier Principle
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2015/7/21
Those studying modern economies often puzzle about how small causes are amplified to cause disproportionately large effects. A leading example that emerged even before Samuelson began his professional...